Upland Software Acquires Panviva
June 24, 2021
Upland Software, Inc. (Nasdaq: UPLD) has acquired Panviva Pty Ltd, a cloud-based enterprise knowledge-management (KM) provider, to expand Upland’s knowledge-guided customer service and contact-center offerings. The deal was funded with $19.8 million cash at closing plus a $3.5 million cash holdback; Panviva is expected to contribute approximately $7.5 million of recurring annual revenue and the transaction led Upland to raise its 2021 guidance.
- Buyers
- Upland Software, Inc.
- Targets
- Panviva Pty Ltd
- Industry
- Cloud & SaaS
- Location
- Victoria, Australia
- Transaction Type
- Buyout
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