- Launching point for Upland’s expansion into the $10 billion SCM market.
- Upland’s first acquisition of 2015.
- Platform for future accretive tuck-in acquisitions within SCM.
Overview
On November 16, 2015, Upland Software acquired Ultriva, a provider of cloud-based supply chain work management solutions.
Upland’s ninth acquisition since formation and the second one in which Catapult acted as financial advisor.
Significance
Catapult’s role
- Suggested to Upland that SCM was a logical avenue for the company to extend its Enterprise Work Management scope.
- Assisted Upland in evaluating over 45 potential targets before deciding that Ultriva represented the best fit.
- Worked side by side with Upland throughout the term sheet, diligence, documentation and closing process.
“Upland Software’s acquisition of Ultriva was the second instance where Catapult Advisors was by our side, assisting us in all aspects of a buyside transaction. Catapult has earned its place as a highly valued and trusted partner in helping Upland build the leading software company in Enterprise Work Management.”
