Up­land gets cash for more deals

$200M will back more ac­qui­si­tions for Austin soft­ware com­pany.

Austin American-Statesman - - BUSINESS - By Lori Hawkins lhawkins@states­man.com Up­land

More ac­qui­si­tions are on the way for Austin-based Up­land Soft­ware.

The com­pany, which has grown by buy­ing small soft­ware com­pa­nies, has closed a $200 mil­lion credit fa­cil­ity to do more deals.

Wells Fargo Cap­i­tal Fi­nance and CIT Bank N.A. are joint lead ar­rangers in the fa­cil­ity, which also in­cludes Gold­man Sachs Bank USA, Re­gions Bank and Cit­i­zens Bank N.A.

Founded in 2013 by Austin soft­ware vet­eran Jack McDon­ald, Up­land sells soft­ware tools aimed at help­ing work­ers in­crease pro­duc­tiv­ity, col­lab­o­rate, man­age con­tent, work more ef­fi­ciently, and track re­sources and projects.

Up­land’s prod­ucts are used by more than 2,500 cus­tomers and

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