Thursday, November 17, 2016

Upland Software Gets $90M For Acquisitions

Austin-based cloud software developer Upland Software announced on Wednesday that it has raised $90M in an expanded credit facility, specifically to go towards acquisitions of other companies. The credit facility came from Wells Fargo Capital Finance and CIT Bank, N.A. Upland, which is led by Chairman and CEO Jack McDonald, said the funding also goes towards general corporate purposes and for refinancing existing debt. Upland Software is a developer of enterprise work management software used for document management.