Activant Capital leads a $15 million growth equity investment in Upland Software
Jan 13, 2014
Activant Capital, a private equity and venture capital firm, announced that on December 20, 2013, it completed a growth equity investment in Upland Software, Inc.
Headquartered in Austin, Texas, Upland 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."