Upland Software, Inc. - UPLD STOCK NEWS

Upland Software (Nasdaq: UPLD) plans to announce its second-quarter financial results on August 3, 2022, after market close. A conference call is scheduled for 4:00 p.m. Central Time / 5:00 p.m. Eastern Time, accessible via webcast or by phone. The company specializes in cloud software solutions that support digital transformation for over 1,800 enterprise customers.

Upland Software, Inc. (NASDAQ: UPLD) announced a strategic equity investment of $115 million from HGGC, a leading private equity firm. The investment, comprising convertible preferred stock, aims to position Upland for upcoming merger and acquisition opportunities in the current economic climate. The preferred stock will convert at $17.50 per share, a 30% premium over its recent market price, and carries a 4.5% dividend. Following the transaction, Upland expects to strengthen its board and enhance its operational capabilities with HGGC's support.

Upland Software, Inc. (Nasdaq: UPLD) reported first quarter 2022 revenue of $78.7 million, a 6% increase from $74.0 million in Q1 2021. Subscription and support revenue also rose by 4% to $73.6 million. Despite this growth, Upland experienced a GAAP net loss of $22.8 million or $0.73 per share, compared to a loss of $20.7 million in the prior year. Adjusted EBITDA was $23.4 million, 30% of total revenue. The company anticipates Q2 2022 revenue between $77.5 million and $81.5 million, and full year revenue between $313 million and $329 million.

Upland Software, Inc. (Nasdaq: UPLD) will release its financial results for Q1 2022 on May 4, 2022, after market close. A conference call will take place at 4:00 p.m. CT, accessible via webcast or by telephone. Upland Software offers a cloud software library for digital transformation, catering to over 1,700 enterprise customers by addressing specific business challenges and providing essential workflows not covered by major cloud platforms.

Upland Software (NASDAQ: UPLD) announced the 2022 release of AccuRoute, enhancing digital productivity through expanded Electronic Medical Records (EMR) integrations and new Machine Learning capabilities. This release aims to streamline workflows in the healthcare sector by allowing users to fax directly from Epic and integrating with Canon devices. Key features include improved data collection, user-friendly document sets, and automation enhancements that refine document processing over time.

Upland Software (NASDAQ: UPLD) has launched the Spring ’22 Release of its content operations product, Kapost. This update aims to enhance enterprise B2B marketing organizations' management of content operations, leading to improved revenue-generating campaigns. Key features include customizable Content Stages, new permissions for Managed Access on Content, and an Idea Feedback Loop for collaboration. These innovations are designed to streamline processes and enhance content lifecycle management.

Upland Software (UPLD) has achieved a gold medal in the 2021 Enterprise Content Management Data Quadrant report from SoftwareReviews for its FileBound product. Survey results show a strong user satisfaction, with a composite score of 8.7/10 and a 94% recommendation likelihood. Users highlighted FileBound's usability, ease of administration, and vendor support. Additionally, 98% of surveyed users indicated their intention to renew their subscriptions. Upland emphasizes the importance of digital transformation in meeting the needs of a remote workforce.

Upland Software (Nasdaq: UPLD) has launched a new Center of Excellence (CoE) in Bengaluru, India, aimed at expanding its global R&D capabilities. This initiative is part of Upland's strategy to leverage India's engineering talent pool to enhance its customer-driven digital transformation solutions across a library of over 31 products. Upland plans to significantly increase its R&D workforce in India within the next 12 to 18 months, reinforcing its commitment to meet evolving customer needs and deliver long-term enterprise value.