Tranche Update on Upland Software, Inc.'s Equity Buyback Plan announced on September 1, 2023.
February 22, 2024 at 04:16 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 2,461,744 shares, representing 7.66% for $10.85 million. With this, the company has completed the repurchase of 3,245,100 shares, representing 10.06% for $14.06 million under the buyback announced on September 1, 2023.
Upland Software, Inc. provides cloud-based software applications. The Company's applications enable its customers to drive digital transformation in various business functions, including marketing, sales, contact center, knowledge management, project management, information technology, business operations, and human resources and legal. Its applications interact with consumers across multiple channels to acquire new customers, drive product and service utilization, and resolve issues. It offers applications that help organizations optimize their sales opportunities and account management processes, coordinate proposal and reference activities, collaborate on the creation and publication of digital content and gain increased control over key sales and marketing workflows, activities and budgets. It offers applications that improve customer experience and reduce call volume and cycle times through customer self-service products and voice of the customer (VoC) technology.