Upland Software Acquires Omtool
January 11, 2017
Upland Software (Nasdaq: UPLD) acquired Omtool, a document capture, fax and workflow solutions provider, for $19.2 million (net of cash). The acquisition adds capture, security and compliance capabilities to Upland’s enterprise work management portfolio, is expected to be immediately accretive to Adjusted EBITDA, and supports Upland’s vertical presence in financial services, legal and healthcare.
- Buyers
- Upland Software, Inc.
- Targets
- Omtool
- Industry
- Software
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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