Upland gets cash for more deals
$200M will back more acquisitions for Austin software company.
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