Upland Software is an Austin, TX-based cloud-based Enterprise Work Management (EWM) solution software company which provides a variety of project & IT management, workflow automation and digital engagement products.
Founded in 2010 by Jack McDonald, the company now serves over 2,500 enterprise clients with 250,000 global users in over 50 countries around the world. Upland hit the public markets in November 2014, trading on the Nasdaq exchange under the ticker symbol UPLD. The initial offering priced shares at $12. In just over two years, shareholders have raked in an almost 100% return, with UPLD closing down on Nov. 30th at $23.44.
Upland’s growth strategy focuses on strategic M&A to boost its cloud-based EWM applications. The firm targets businesses with products that are complementary to its other cloud-based applications either because they expand the firm’s presence in an existing market or they broaden the reach of an EWM segment. In every acquisition, Upland seeks to accelerate growth at target companies and create a cross-functional integration team of key execs, departmental managers and corporate development to ease the on-boarding process.
The firm’s most recent strategic acquisition was its purchase of Qvidian for $50 million in cash. Upland suggests that Qvidian’s market-leading RFP and Sales Proposal automation solution should work to enhance the company’s Workflow Automation product family.
Upland’s clients include many of the Fortune 200 companies and market leaders such as PepsiCo, PPG Industries, Johnson Controls, Eaton Corp., iHeartRadio.
Prior to launching Upland, Chairman and Chief Executive Officer Jack McDonald held the same title at Perficient Inc., a leading information technology consulting firm, from 1999 to 2009. At Perficient, Jack led the company from a startup to a publicly traded company with $250 million in annual revenues. The serial entrepreneur has won various awards including Ernst & Young Entrepreneur of the Year Award.