Upland Software (UPLD) Announces Acquisition, Raises FY17 Guidance
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Upland Software Announces Acquisition, Raises 2017 Guidance and Raises Adjusted EBITDA Margin Target to 40%
April 24, 2017 9:15 AM EDTAUSTIN, Texas, April 24, 2017 /PRNewswire/ -- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software, today announced that it has acquired RightAnswers, Inc., an award-winning, cloud-based knowledge management system. Upland today also raised its 2017 guidance to reflect the RightAnswers acquisition and raised its long-term Adjusted EBITDA margin target to 40%.
"We are pleased to welcome RightAnswers and their valued customers and partners to Upland," said Jack McDonald, Chairman and CEO of Upland Software. "This strategic acquisition is a great product addition for current Upland customers looking to enhance their customer... More
