Upland Software Acquires Ultriva
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.”