Brief: Upland Software Acquires Panviva And Raises Guidance

Upland Software

24/06/2021 14:06

June 24 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE ACQUIRES PANVIVA AND RAISES GUIDANCE
    * SEES FY REVENUE ABOUT $7.5 MILLION
    * PURCHASE PRICE PAID FOR PANVIVA WAS $19.8 MILLION IN CASH
AT
CLOSING
    * EXPECTS ACQUISITION TO GENERATE ANNUAL REVENUE OF
APPROXIMATELY
$7.5 MILLION
    * RAISED ITS FULL YEAR 2021 GUIDANCE TO REFLECT PANVIVA
ACQUISITION
    * EXPECTS FY REPORTED TOTAL REVENUE OF $300.8 MILLION TO
$312.8
MILLION
    * FOR QUARTER ENDING JUNE 30, 2021, GUIDANCE REMAINS
UNCHANGED

Source text for Eikon:  ID:nBw5c3DBga 
Further company coverage:  UPLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))