Upland Software Acquires RO Innovation and Increases Earnings Guidance

On June 18, Upland Software, Inc. (UPLD) announced that the company completed its acquisition of RO Innovation, owner of a leading cloud-based customer reference solution. The system will be integrated into Upland’s Qvidian system, a cloud-based RFP management system. Upland expects the acquisition will generate an extra $6 million in revenue, of which $5 million should be recurring income. As a result, Upland also increased its earnings guidance to include total annual revenue between $135.7 million and $138.7 million.

 

Sonal alerted subscribers of the news at 9:24 am. The next trade took place at the market open for $32.59. The stock price increased throughout the event day before closing at $34.39. Upland’s stock continued to experience gains over the next five trading sessions. It closed at $36.68 on July 6 for a gain of 12.55% in the days after the event announcement.

Find out more about how you can trade on stock acquisition announcements in the Knowledge Center.

To see the latest weekly webinar, you can visit our Live Webinar page.

Subscribe here if you would like to start receiving these signals in real-time and start trading!