Upland Software buys California company

Dec 26, 2013
Austin Business Journal

Upland Software Inc. has bought San Francisco-based software maker Clickability, the company’s third acquisition in as many months


Austin-based Upland bought the business from Arizona-based Limelight Networks Inc. (Nasdaq: LLNW), which acquired Clickability in 2011. Upland, which employed 285 workers before the deal, plans to reinstate the Clickability brand name that Limelight Networks previously dropped, according to a Monday news release from Upland


Upland Software is a roll-up project management software company launched by holding company Silverback Enterprise Group Inc., which was founded in 2010 by CEO Jack McDonald. Silverback, which in 2010 reported collecting $11.5 million from 14 investors is also backed with a $50 million commitment from Austin Ventures LP


Silverback has completed nine acquisitions since launching; six of which operate under the Upland Software banner. In addition to Clickability, there’s Boston-based PowerSteering Software Inc., Montreal-based Tenrox Inc., California-based EPM Live, Nebraska-based FileBound, and New Jersey-based ComSci Inc.


In October, Silverback bought Massachusetts-based data management software maker Kalido Inc., which employs 100 and operates as its own brand. In June, Silverback acquired Washington State-based business intelligence software maker Noetix Corp. In back in September 2011, it bought California-based network management software maker Visionael Corp.


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