Upland Software Acquires Ultriva
Acquisition Adds Cloud-Based Manufacturing and Supply Chain Work Management to Upland's Product Family
Acquisition Adds Cloud-Based Manufacturing and Supply Chain Work Management to Upland's Product Family
AUSTIN, Texas, Nov. 16, 2015 /PRNewswire/ -- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management applications, today announced the acquisition of Ultriva, a cloud-based manufacturing and supply chain work management software provider. Ultriva offers a suite of applications that allows manufacturing companies to collaborate with their customers, plants, and suppliers to streamline and optimize material flows. Ultriva’s customers include industrial, automotive, healthcare, and aerospace companies seeking to optimize their supply chain.
With the acquisition of Ultriva, Upland's ninth in four years, Upland broadens its Enterprise Work Management offerings by adding a suite of cloud-based supply chain work management applications. Ultriva Lean Suite is a single source for supply chain communication providing a basis for multi-enterprise, multi-tier, end-to-end supply chain collaboration. It includes four modules: Collaborative Supply Portal, Lean Factory Management, Collaborative Demand Portal, and the Inventory Optimization Tool. Ultriva Lean Suite can be deployed individually or as a fully integrated solution that provides end-to-end supply chain visibility, collaboration, and execution tools.
"We are pleased to welcome Ultriva to the Upland family of products," said Jack McDonald, chairman and CEO of Upland Software. "Ultriva adds an exceptional built-for-purpose suite of products to our family of cloud-based Enterprise Work Management applications and represents the latest step in our commitment as a global leader in this category."
"This is a very important milestone for our product and technology vision," said Narayan Laksham, founder and CEO of Ultriva. "In combining Upland's enterprise-level capabilities and the passion for customer experience that both companies share, we see significant value in this acquisition for our customers, prospects, and team members."
Catapult Advisors LLC advised Upland Software on the transaction. Corum Group Ltd advised Ultriva on the transaction.
About Upland Software
Upland Software (Nasdaq: UPLD) is a leading provider of cloud-based Enterprise Work Management software. Our family of applications connects people through technology, automates the flow of work and brings visibility to all aspects of organizations. With more than 1,600 customers and over 225,000 users around the world at the beginning of 2015, Upland Software solutions help teams in IT, marketing, finance, professional services, manufacturing, and process excellence run their operations smoothly, adapt to change quickly, and achieve better results every day. To learn more, visit www.uplandsoftware.com.
About Ultriva
Ultriva's cloud-based platform seamlessly integrates with leading ERP and MRP systems, to deliver an end-to-end pull-based replenishment solution. Based in Cupertino, CA, Ultriva implements a global demand-driven manufacturing model by providing full visibility, scheduling, and production sequencing of customer orders. Ultriva was named one of the Great Supply Chain Projects of 2014 by Supply & Demand Chain Executive magazine and its blog was recently named one of 50 Best Supply Chain Blogs of 2014 by SupplyChainOpz. To learn more, visit www.ultriva.com.
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SOURCE Upland Software, Inc.
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