Upland Software, Inc.

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Adding the comment from talk page:

To AngusWOOF or other editors who review submissions,

There are two sources, S&P and Moody's to please consider as well:

  • "Moody's assigns B2 CFR to Upland Software in connection with the issuance of new credit facilities; outlook stable". Moodys.com. 2019-06-11. Retrieved 2019-08-01.

The case for these two items:

  • We focus our PR efforts on Analysts and credit rating agencies (not the Press) because we are an acquirer of companies and finance those acquisitions thru equity and debt – that is a critical public audience for us.
  • These documents seem to meet all notability criteria as outlined by Wiki, can an editor tell us what about them causes concern?
  • As a public company, we have been told by customers, investors, and other interested parties that it is important for our story to be made more publicly on forums like Wikipedia. We are doing our best to meet this request thru this submission.

Christina-UPLD (talk) 19:03, 1 August 2019 (UTC)

Christina-UPLD (talk) 18:02, 16 August 2019 (UTC)

Upland Software, Inc.
Public
Traded asNASDAQ: UPLD
Russell 2000 Index Component
ISIN🆔
IndustrySoftware as a service
Founded 📆2010; 11 years ago (2010) in Austin, Texas, US
Founder 👔
Headquarters 🏙️Austin, Texas
Area served 🗺️
Key people
Jack McDonald, Founder, Chairman & CEO
Revenue🤑 > $200 million[1] (2019)
Net income
> $73 million (Adjusted EBITDA)[1] (2019)
Total equity> $1 billion..[2] (2019)
Members
Number of employees
667[3] (2019)
🌐 Websiteuplandsoftware.com
📇 Address
📞 telephone

Upland Software, Inc. is an American company headquartered in Austin, Texas. The Company was founded by Jack McDonald in 2010.[4] Upland sells cloud-based enterprise work management software.[5] The Company has more than 9,000 customers and one million users of its software.[6] On 11 June 2019, Moody's assigned a B2 corporate family rating to Upland[7] and S&P Global Ratings assigned a "B" issuer credit rating[8].

Products and services[edit]

In March of 2019, Upland introduced seven distinct suites of products, which address Customer Experience Management, Enterprise Sales Enablement, Professional Services Automation, Project & Financial Management, Document Lifecycle Automation, Secure Document Services, and Enterprise Knowledge Management.[9]

History[edit]

Upland’s history dates to the founding of Silverback Enterprise Group, Inc., which launched in 2010 with $50 million backing from Austin Ventures.[10] The Company was renamed to Upland Software, Inc. in 2013 and raised $46 million in an initial public offering in 2014.[11][12] In 2017, the Company announced a proposed follow-on offering of common stock and raised more than $40 million.[13][14] In 2019, the Company raised $138.6 million in another follow-on offering of common stock. The 2019 offering comprised 3.3 million shares of common stock at $42 per share.[15] In August of 2019, McDonald negotiated a new $410 million credit agreement to further its M&A plans.[16]

In 2016 the Company was named to Deloitte’s Technology Fast 500 North America List.[17]

Acquisitions[edit]

Acquisitions are a key growth strategy for Upland.[18] The Company acquired 20 companies from February 2012 through March 2019.[19]

In 2018, Upland acquired the fax software company Interfax[20], customer reference company RO Innovation[21], customer engagement solution company Rant & Rave[22], and email marketing company Adestra[23]

In 2019, acquisitions included content marketing company Kapost[24] and work management software PostUp[25]

People[edit]

Upland Chairman and CEO Jack McDonald[26] was the former chairman and CEO of Perficient,[27] from 1999 to 2009. During his tenure, Perficient acquired 17 companies, conducted an initial public offering of stock, and grew from eight employees to more than 1,200 worldwide and had annual sales of $200 million.[28]

Further reading[edit]

References[edit]

  1. 1.0 1.1 Meldrum, Mary (2019-04-22). "Upland Software (NASDAQ:UPLD) Buys PostUp For $35 Million". Benzinga. Retrieved 2019-06-26.
  2. "Upland Software raises more than $138M in public offering". www.bizjournals.com. Retrieved 2019-06-26.
  3. "Upland Software, Inc. (UPLD) Company Profile & Facts". finance.yahoo.com. Retrieved 2019-06-26.
  4. "Upland Software buys Canadian company for $5.8M". www.bizjournals.com. Retrieved 2019-06-26.
  5. Brooks, Steve (2019-04-10). "Business Leader Interview with Jack McDonald, Upland -". Enterprise Times. Retrieved 2019-06-26.
  6. lalorek (2019-04-30). "Upland Software Acquires PostUp for $35 Million". SiliconHills. Retrieved 2019-06-26.
  7. "Moody's assigns B2 CFR to Upland Software in connection with the issuance of new credit facilities; outlook stable". Moodys.com. 2019-06-11. Retrieved 2019-07-09.
  8. "Upland Software Inc. Assigned 'B' Issuer Credit Rating, Outlook Stable; Debt Rated 'B'". AC Investment Inc. | Credit Ratings Analysis-AI Research. Retrieved 2019-07-09.
  9. Brooks, Steve (2019-03-07). "Upland announces magnificent seven -". Enterprise Times. Retrieved 2019-06-26.
  10. "Upland Software buys Canadian company for $5.8M". www.bizjournals.com. Retrieved 2019-06-26.
  11. "From the Austin American-Statesman, 6/8/2017: Upland plans to raise $40M in stock sale". digital.olivesoftware.com. Retrieved 2019-06-26.
  12. Hawkins, Lori. "Austin's Upland Software raises $46 million in IPO". Austin American-Statesman. Retrieved 2019-06-26.
  13. GmbH, finanzen net. "Upland Software Announces Proposed Public Offering of Common Stock | Markets Insider". markets.businessinsider.com. Retrieved 2019-06-26.
  14. "From the Austin American-Statesman, 6/8/2017: Upland plans to raise $40M in stock sale". digital.olivesoftware.com. Retrieved 2019-06-26.
  15. Hawkins, Lori. "Austin's Upland Software buys another company, looks for more deals". Austin American-Statesman. Retrieved 2019-06-26.
  16. Anderson, Will (2019-08-08). "Upland keeps M&A iron hot with $410M credit deal". www.bizjournals.com. Austin Business Journal. Retrieved 13 August 2019.
  17. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2016-fast-500-winners-brochure.pdf page 38
  18. "Tech wiz McDonald talks roll-up strategy". www.bizjournals.com. Retrieved 2019-07-02.
  19. "Xconomy: Upland Software Acquires Marketing Software Business Kapost for $45M". Xconomy. 2019-05-28. Retrieved 2019-06-26.
  20. Brooks, Steve (2018-03-26). "Upland spends $37 million on a Fax software company -". Enterprise Times. Retrieved 2019-06-26.
  21. "Upland Software acquires RO Innovation for $12.5M in cash UPLD - The Fly". thefly.com. Retrieved 2019-06-26.
  22. "Upland Software acquires Rant & Rave, raises guidance UPLD - The Fly". thefly.com. Retrieved 2019-06-26.
  23. Hawkins, Lori. "Austin's Upland Software buys another company, looks for more deals". Austin American-Statesman. Retrieved 2019-06-26.
  24. "Upland Software Acquires Kapost For $50 Million". www.mediapost.com. Retrieved 2019-06-26.
  25. "Upland Software Acquires PostUp for $35 Million". SiliconHills. 2019-04-30. Retrieved 2019-06-26.
  26. Editorial, Reuters. "UPLD People | Reuters.com". U.S. Retrieved 2019-06-26.
  27. "John Mcdonald - Perficient Inc (prft)". The Wall Street Transcript. 2000-11-13. Retrieved 2019-06-26.
  28. Hawkins, Lori. "Former Perficient CEO Jack McDonald to launch new software venture". Austin American-Statesman. Retrieved 2019-06-26.


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