M&A Deal Summary

Upland Acquires RightAnswers

On April 24, 2017, Upland acquired internet software and services company RightAnswers for 17M USD

Acquisition Highlights
  • This is Upland’s 8th transaction in the Internet Software and Services sector.
  • This is Upland’s 16th largest (disclosed) transaction.
  • This is Upland’s 10th transaction in the United States.
  • This is Upland’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2017-04-24
Target RightAnswers
Sector Internet Software and Services
Buyer(s) Upland
Deal Type Add-on Acquisition
Deal Value 17M USD
Advisor(s) Signal Hill Capital Group LLC (Financial)

Target

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.

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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 11 of 27
Sector (Internet Software and Services) 8 of 15
Type (Add-on Acquisition) 8 of 24
State (New Jersey) 2 of 2
Country (United States) 10 of 19
Year (2017) 2 of 4
Size (of disclosed) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-11 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.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 Waterfall International

San Francisco, California, United States

Waterfall International, Inc. is a provider of mobile marketing SaaS and solutions that allows brands to build their existing customer database and drive top-line revenue with targeted, relevant mobile content. Waterfall International, Inc. was founded in 2005 and is based in San Francisco, California.

Buy $24M
Mergr

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