Upland Software Buys Waterfall International

Austin-based Upland Software announced this morning that it has acquired Waterfall International, a developer of cloud-based, mobile messaging software. Upland Software said it paid $24.4M in cash plus $1.5M in cash holdback for Waterfall International, which had its headquarters in San Francisco, and offices in Austin and Boston. Upland said it expects to generate $9.0M in annual revenue from the acquisition, and upped its 2017 guidance to match.