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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