Brief: Upland Software Acquires Bluevenn

Upland Software

02/03/2021 14:08

March 2 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE ACQUIRES BLUEVENN
    * PURCHASE PRICE PAID FOR BLUEVENN WAS $51.9 MILLION IN CASH
AT
CLOSING
    * EXPECTS ACQUISITION TO GENERATE ANNUAL REVENUE OF
APPROXIMATELY
$15.5 MILLION
    * DEAL WILL BE IMMEDIATELY ACCRETIVE TO ADJUSTED. EBITDA PER
SHARE
    * UPLAND SOFTWARE - FOR QUARTER ENDING MARCH 31, EXPECTS
REPORTED
TOTAL REVENUE TO BE BETWEEN $71.5 AND $75.5 MILLION
    * Q1 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $21.6 AND
$23.6
MILLION
    * FOR FY, EXPECTS REPORTED TOTAL REVENUE TO BE BETWEEN
$299.0 AND
$311.0 MILLION
    * FY ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $94.4 AND
$100.4
MILLION
    * Q1 REVENUE VIEW $72.7 MILLION -- REFINITIV IBES DATA
    * FY2021 REVENUE VIEW $295.7 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw2lqqxba 
Further company coverage:  UPLD.O 

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