Upland Software Announces Acquisition, Raises 2017 Guidance and Raises Adjusted EBITDA Margin Target to 40%
Upland Software, Inc. (UPLD)
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Source: PR Newswire
AUSTIN, 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 service, IT support, and enterprise-wide collaboration capabilities.""We're excited to join Upland both because of the great product fit, and because of our shared vision of 100% customer success," said Jeff Weinstein, President and CEO of RightAnswers. "The opportunity to leverage the UplandOne operating platform to amplif
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