M&A Deal Summary

Upland Acquires Omtool

On January 11, 2017, Upland acquired software company Omtool for 19M USD

Acquisition Highlights
  • This is Upland’s 3rd transaction in the Software sector.
  • This is Upland’s 15th largest (disclosed) transaction.
  • This is Upland’s 9th transaction in the United States.
  • This is Upland’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-01-11
Target Omtool
Sector Software
Buyer(s) Upland
Deal Type Add-on Acquisition
Deal Value 19M USD
Advisor(s) The Cosine Group LLC (Financial)

Target

Omtool

Andover, Massachusetts, United States
Omtool Ltd. is a provider of client/server fax automation software. Omtools fax server allows corporate users to avoid the costs of fax machines, monthly phone charges, and desktop modems.

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Buyer(S) 1

Buyer

Upland

Austin, Texas, United States
Category Company
Founded 2010
Sector Internet Software and Services
Employees1,061
Revenue 298M USD (2023)
DESCRIPTION

Upland develops and delivers cloud-based project, portfolio, and work management software applications for enterprises in the United States and internationally. Upland provides seven enterprise cloud solution suites that enable more than one million users at over 9,000 accounts to win and engage customers, automate business operations, manage projects and IT costs, and share knowledge throughout the enterprise. Upland was founded in 2010 and is based in Austin, Texas.

DEAL STATS #
Overall 10 of 27
Sector (Software) 3 of 11
Type (Add-on Acquisition) 7 of 24
State (Massachusetts) 1 of 4
Country (United States) 9 of 19
Year (2017) 1 of 4
Size (of disclosed) 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-27 Advanced Processing & Imaging

Deerfield Beach, Florida, United States

Advanced Processing & Imaging, Inc. is a developer of integrated document management and enterprise content management software solutions for efficient paperless documentation of records.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 RightAnswers

Edison, New Jersey, United States

RightAnswers, Inc. is a provider of cloud based knowledge management, web and mobile self-service and social knowledge solutions to enhance customer service and IT support. RightAnswers, Inc. was founded in 2001 and is headquartered in Edison, New Jersey.

Buy $17M
Mergr

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