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6 months ago
BRIEF-Upland Software announces acquisition, provides positive guidance update and raises adjusted EBITDA margin target to 35 pct
January 11, 2017 / 12:19 PM / 6 months ago

BRIEF-Upland Software announces acquisition, provides positive guidance update and raises adjusted EBITDA margin target to 35 pct

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Jan 11 (Reuters) - Upland Software Inc

* Upland Software announces acquisition, provides positive guidance update and raises adjusted EBITDA margin target to 35%

* Sees quarterly revenue $20 million to $20.8 million

* Upland Software Inc - Purchase price paid for Omtool was $19.2 million

* Transaction will be immediately accretive to Upland's adjusted EBITDA per share.

* Upland Software Inc - For quarter ending March 31, 2017, Upland expects reported total revenue to be in range of $20.0 million to $20.8 million

* Upland today raised its long term adjusted EBITDA margin target from 30% to 35% Source text for Eikon: Further company coverage:

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