Tuesday, November 17, 2015

Upland Software Acquires Cloud-Based Software Provider Ultriva

Upland Software, a leading provider of cloud-based Enterprise Work Management software, today announced that it has acquired Cupertino-based Ultriva, a cloud-based manufacturing and supply chain work management software provider. Financial terms of the deal were not disclosed.

The deal strengthens the company’s Enterprise Work Management offerings by adding a suite of manufacturing and supply chain work management software. 

Ultriva delivers a suite of cloud-based software solutions that allows manufacturing companies to collaborate with their customers, plants and suppliers to streamline and improve delivery material flows. Ultriva lean Suite is a single source for supply chain communication that can be deployed individually or as a fully integrated solution that provides end-to-end supply chain collaboration and execution tools.

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Founded in 1999 and based in Cupertino, California, Ultriva is a leading provider of manufacturing and supply chain management software solutions. The company’s web-based solutions seamlessly integrate with leading ERP and MRP systems, to deliver an end-to-end pull-based replenishment solution. Ultriva’s cloud-based supply chain solutions are being used to power more than 200 manufacturing plants in more than 20 countries Customers include ATK, CareFusion, Emerson, McKesson, Ingersoll Rand, Regal Beloit, Rexnord, Trane, Dresser, AGCO, Owens-Corning, Thermo Fisher and A.O. Smith. Ultriva was named one of the Great Supply Chain Projects of 2014 by Supply & Demand Chain Executive magazine.

Jack McDonald, Chairman and CEO of Upland Software, said in a statement: "We are pleased to welcome Ultriva to the Upland family of products”, "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."

Narayan Laksham, Founder and CEO of Ultriva, said in a statement: "This is a very important milestone for our product and technology vision”, "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."

Founded in 2010 and headquartered in Austin, Texas, Upland Software is a the world’s largest cloud provider of Enterprise Work Management software. Upland is the only cloud software provider that offers a comprehensive family of best-of-breed applications that enables companies to optimize their resource utilization and workflows, and empowers workers to collaborate and work effectively. From strategic planning to work execution, the company drives business results for more than 1,200 enterprise customers with 300,000 active users in more than 50 countries. 

Catapult Advisors LLC advised Upland Software on the transaction while Corum Group Ltd advised Ultriva on the transaction.

Image credit: Upland Software

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