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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.520-0.5%May 27 4:00 PM EDT

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From: E_K_S10/1/2019 10:29:24 AM
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Upland +7% on InGenius acquisition, guidance update
Oct. 1, 2019 10:21 AM ET|

Upland Software (NASDAQ: UPLD) is paying $26.4M in cash to acquire the Computer Telephony Integration provider for enterprise contact centers.

The deal also comes with a $3M cash holdback payable in 12 months.

UPLD updates its 2019 forecast to revenue of $213.8-217.8M and adjusted EBITDA of $78.8-80.8M.

The deal is expected to add about $9M in annualized revenue and add immediately to the adjusted EBITDA per share.

Upland shares are up 6.9% to $37.26.

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InGenius provides a "Linked-In" type services. This software Buy could be one of the platforms they use . . Interesting as price not that much to bolt-on the new service to their Enterprise Customers
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