Deal Snapshot
UPLAND SOFTWARE ACQUIRES ALTIFY FOR USD 84M
Wednesday 09 October 2019

Texas, US-based work management software company Upland Software, Inc. (NASDAQ: UPLD) has acquired revenue optimisation solutions provider Altify, the company said. The purchase price paid for Altify was USD 84m in cash at closing. Upland expects the acquisition to generate annual revenue of approximately USD 24m.
In conjunction with this acquisition, USD 59m was drawn on Upland's revolving credit facility, taking Upland's gross debt outstanding to USD 409m, and with approximately USD 56m of cash on-hand, Upland's net debt is now approximately USD 353m.


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Details
Date Published: 09/10/2019
Target: Altify
Country: USA
Deal Size: 84m (USD)
Sector: Computer Software
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: Upland Software, Inc
Comment:


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