M&A Deal Summary

Upland Acquires RO Innovation

On June 28, 2018, Upland acquired internet software and services company RO Innovation for 125M USD

Acquisition Highlights
  • This is Upland’s 11th transaction in the Internet Software and Services sector.
  • This is Upland’s largest (disclosed) transaction.
  • This is Upland’s 13th transaction in the United States.
  • This is Upland’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-06-28
Target RO Innovation
Sector Internet Software and Services
Buyer(s) Upland
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

RO Innovation

Denver, Colorado, United States
RO Innovation, Inc. is a provider of cloud-based customer reference solution for creating, deploying, managing, and measuring customer reference and sales enablement content. RO Innovation was founded in 2002 and is based in Denver, Colorado.

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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 14 of 27
Sector (Internet Software and Services) 11 of 15
Type (Add-on Acquisition) 11 of 24
State (Colorado) 1 of 2
Country (United States) 13 of 19
Year (2018) 1 of 3
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Qvidian

Chelmsford, Massachusetts, United States

Qvidian Corp. is a provider of cloud-based RFP and proposal automation software, helping more than 1,000 companies worldwide and 200,000 users win more business with better processes, improved productivity and more effective sales documents. Qvidian offers the only proposal automation solution fit for an enterprise, offering security, compliance and simplicity at scale.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Rant & Rave

Coventry, United Kingdom

Rant & Rave is a provider of cloud-based customer engagement solutions. Rant & Rave's voice of customer (VoC) and voice of employee (VoE) applications enable users to capture, analyze, and act on real-time customer and employee feedback across multiple channels including Short Message Service (SMS), mobile, email, web, and social media.

Buy $65M