Advanced Processing & Imaging (“API”), a content management platform driving workflow in governments and schools across North America, has been acquired by Upland Software (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software.
API will be combined with Upland’s enterprise workflow automation solution, FileBound, to create the industry’s most powerful workflow automation and document management platform. FileBound is a leader in this industry, providing solutions in healthcare, education, legal, government and automotive markets. With the addition of API, Upland’s FileBound will expand service offerings in the municipal government and education verticals.
“We are very pleased to welcome Advanced Processing & Imaging and its valued customers to the Upland family,” said Jack McDonald, chairman and CEO of Upland Software. “FileBound and API power some of the most efficient organizations. The combined solution, with fortified strength in education and government verticals, will support even greater customer success.”
“This is a very important milestone for our customers,” said Juan Rodriguez, founder and CEO of API. “In combining Upland’s enterprise-level capabilities and the passion for customer experience that both companies share, we see significant value in this acquisition for our customers.”
API was previously a portfolio company of Ballast Point Ventures. Harbor View Advisors acted as the sole financial advisor to API, working closely with Ballast Point and Upland Software throughout the transaction.
“We are thankful for the expertise of the Harbor View team ensuring a smooth and successful process for both Upland and API’s shareholders,” said Jack McDonald, chairman and CEO of Upland Software.
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking a path to liquidity for your business or are looking to strengthen your corporate development program, we work with your leadership team to solve your toughest challenges.