Upland Software Raises $15 in Growth Capital

Upland Software LogoHeadquartered in Austin, Texas, Upland Software (known previously as Silverback Acquisitions) is the world’s largest cloud provider of enterprise work management applications. Upland provides the only family of best-of-breed cloud products that address the entire enterprise work-span, from strategic planning to work execution.   The Company’s customers include more than 1,200 enterprises with over 300,000 active users in 50 countries.

It is estimated that as many as 80% of the knowledge workers within an enterprise do not leverage software beyond common office products; that 66% of enterprise workers lack adequate time to properly get their work done; and that 94% are overwhelmed by too much information.  Upland helps solve these challenges of the modern workplace by arming both knowledge workers and management with tools to increase productivity, collaborate effectively, manage content, work more efficiently and ensure resources and activities are aligned with strategic objectives.

Upland will leverage the new financing to continue to focus on innovation within its current products, invest in customer success,  and pursue strategic acquisitions that extend the breadth and depth of the enterprise work management solutions it can provide to customers.

“Activant Capital has a track-record of helping software companies build upon their success, and we look forward to working with them,” said Jack McDonald, CEO of Upland.  “We have a massive market opportunity and believe that Activant’s industry and operating expertise will help enable us to extend our leadership position in the market.”

Steve Sarracino, Manger of Activant Capital, noted, “We are thrilled to join the Upland family.  We look forward to working with Jack McDonald and the management team to support their mission of revolutionizing the way organizations plan, manage and execute projects and work.”

Upland Software Raises $15 in Growth Capital