Austin-based Upland Software has acquired Toronto, Canada-based Solution Q for approximately $5.8 million and plans to retain all of the company’s employees.
It’s Upland Software’s seventh acquisition in three years and is part of the company’s overall strategy to expand its products and services, according to a news release.
Upland, which has 340 employees, plans to retail all of Solution Q’s employees and management.
The acquisition broadens Upland’s Entreprise Work Management software products by adding Solution Q’s Eclipse product line geared to midsize organizations. Solution Q’s Eclipse customers are in the healthcare, education and financial services industries.
“We’re very pleased to welcome the Solution Q team to the Upland family,” Jack McDonald, Chairman and CEO of Upland Software, said in a news release. “This acquisition adds another built-for-purpose product to our family of cloud-based Enterprise Work Management applications and represents the latest step in our commitment to making Upland Software the global leader in this category.”
Upland, which recently went public and is traded on the Nasdaq under the symbol UPLD, provides cloud-based Enterprise Work Management software.