VC-backed Upland Software files for IPO

Austin, Texas-based Upland Software, a cloud provider of enterprise work management applications, has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. William Blair and Raymond James will serve as lead underwriters. Upland Software’s backers include ESW Capital, Austin Ventures and Activant Capital.

PRESS RELEASE

AUSTIN, Texas (September 4, 2014) – Upland Software, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The shares will be offered only by Upland Software.

William Blair & Company, L.L.C. and Raymond James & Associates, Inc. will act as joint book-running managers for the proposed offering. Canaccord Genuity Inc. will act as lead manager for the proposed offering and Needham & Company, LLC will act as co-lead manager for the proposed offering.

The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, by telephone at (800) 621-0687 or email at prospectus@williamblair.com, and Raymond James & Associates, Attention: Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, by telephone at (800) 248-8863 or email at syndicate@RaymondJames.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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