Austin—Upland Software is paying $35 million to gather PostUp, an e-mail advertising, and marketing automation enterprise that become founded in 1996 by means of Joshua Baer.
Upland (NASDAQ: UPLD) sells packages that help groups do something from communicating with clients, manage sales platforms, and automate different economic and expert offerings. PostUp works with agencies in media and publishing, providing software that facilitates them get new electronic mail subscribers, automate and analyze their e-mail products, and make money thru promotional materials and advertisements.
With PostUp, Upland says it expects to feature $11 million in annual sales, bringing the employer’s total to a $205 million annualized run rate. Upland’s history dates to the founding of Silverback Enterprise Group, which was released in 2010 with the backing of Austin Ventures. Silverback renamed itself Upland in 2013 and raised $ forty-six million in a preliminary public supplying in 2014. Also in 2014, the enterprise spun out Magnitude Software, which bought a $179 million stake to London-based non-public equity firm 3i Group in March of this yr.
PostUp becomes based as SkyList by means of Baer, who is also the co-founding father of Capital Factory, an Austin co-operating space, and accelerator. SkyList made an email product called StormPost, which turned into sold to Austin-based Datran Media in 2006. A rebranding took place in 2011, and then Transition Capital Partners obtained the enterprise in 2014, renaming it once more as PostUp. Baer rejoined as a board member and investor.