M&A
confidence high
sentiment positive
materiality 0.75
Upland Software acquires Objectif Lune for $34.3M total; expects $13M annual revenue, $5.2M EBITDA
Upland Software, Inc.
- Total consideration: $29.0M cash at closing plus $5.3M cash holdback payable in 12 months.
- Expected annual revenue of at least $13.0M, including at least $12.0M recurring revenue.
- Acquisition expected to generate at least $5.2M in Adjusted EBITDA annually and be immediately accretive.
- Contribution of at least $0.3M Adjusted EBITDA in Q1 2022 and at least $2.6M for full-year 2022.
- Deferred revenue discount estimated at $4.0M for remainder of 2022 and $1.0M for 2023 due to GAAP purchase accounting.