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Austin’s Upland Software keeps growing, makes another acquisition [Austin American-Statesman]
Austin-based Upland Software is acquiring Missouri-based software maker Second Street Media.
Upland Software paid $25.4 million in cash at closing, with an additional $5 million cash holdback planned in the next 12 months, according to the company.
Founded in 2013, Upland Software makes cloud-based work management software that is used by companies for a range of internal operations including automation of human resource processes, web content management, time and expense management, and sales team performances.
The company was founded by Austin software entrepreneur Jack McDonald and went public in November 2014, when it raised $46 million in its initial public offering. Upland Software has grown rapidly since its founding, making more than 20 acquisitions.