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News : Upland Software Announces Acquisition, Raises Guidance
Austin, TX, USA, Oct 1, 2019 -- Upland Software, Inc. (Nasdaq: UPLD), a provider in cloud-based enterprise work management software, has acquired InGenius, a Computer Telephony Integration (CTI) solution for enterprise contact centers. With the addition of InGenius’ CTI platform, Upland can now offer the first Contact Center Productivity solution suite that provides a single pane of glass for all voice and CRM data, along with enterprise knowledge management and customer sentiment analysis solutions to drive improved contact center efficiency and customer experience.
"With InGenius, Upland extends its leadership in Customer Experience Management (CXM) solutions and can now offer the first multi-channel, knowledge-driven contact center agent productivity solution suite that integrates leading CRM and contact center platforms enabling enterprises to offer a personalized, real-time customer experience," said Jack McDonald, chairman and CEO of Upland Software. "Moreover, this transaction is immediately accretive to Adjusted EBITDA per share and takes Upland to a $237 million annualized revenue run rate and an $89 million annualized Adjusted EBITDA run rate," he added.
"We began the second half of 2019 with great momentum, beating the top of our Q2 guidance ranges on revenue and Adjusted EBITDA, closing two accretive acquisitions in Q2, and notching strong sales bookings," said McDonald. "That momentum has continued, with two additional accretive acquisitions since the beginning of Q3 and continued strong performance," he added. "Our acquisition pipeline remains robust; our war chest has been reloaded; we are active in the market for additional acquisitions; and, as our newly raised guidance today reflects, we look forward to a strong finish to 2019."
"Contact center leaders are looking for more comprehensive solutions to increase agent productivity with robust CRM integration," said Mounir Hilal, Upland’s chief customer officer and executive vice president of Project and IT Management Solutions. "Upland’s new Contact Center Productivity solution suite enables a stronger performing enterprise contact center through increased agent productivity, a better omni-channel customer experience, and improved management command over agent experience."
Posted by Veronica Silva Cusi, news correspondent
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About InGenius Software:
InGenius Software Inc. is a North-America based high technology firm with over 20 years’ experience in the Computer Telephony Integration (CTI) business, and hundreds of thousands of software licenses shipped globally. InGenius CTI are in use daily, around the globe with businesses of every size.
Published: Thursday, October 3, 2019
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