Activant-backed Upland Software buys Toronto's Solution Q

Upland Software Inc (Nasdaq: UPLD) has bought Solution Q Inc, the Toronto-based maker of project portfolio management software Eclipse PPM. The acquisition's price was not disclosed, however, one source put it at about US$5.8 million. Based in Austin, Texas, Upland is a cloud-based enterprise work management software company. It said the acquisition of Solution Q is its seventh in three years. Earlier in 2014, Upland received an equity investment led by U.S. private equity and venture capital firm Activant Capital.

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