Qvidian

Canaccord Genuity is pleased to announce that its client, Qvidian Corporation (“Qvidian”), a provider of RFP and sales proposal software, announced on November 17, 2017 that it has been acquired by Upland Software, Inc. (NASDAQ: UPLD) (“Upland”).

Qvidian is the premier provider of cloud-based RFP and proposal automation software, helping more than 1,000 companies worldwide and 200,000 users win more business with better processes, improved productivity and more effective sales documents. Qvidian offers the only proposal automation solution fit for an enterprise, offering security, compliance and simplicity at scale. The Company helps clients build persuasive sales content and win more business.  Qvidian is based in Chemlsford, MA and backed by leading investors, Commonwealth Capital Ventures, Hillstreet Fund, Kodiak Venture Partners and North Bridge Ventures.

Upland is a leading provider of cloud-based enterprise work management software. Their family of applications enables users to manage their projects, professional workforce and IT investments, automate document-intensive business processes, and effectively engage with their customers, prospects and community via the web and mobile technologies. With more than 2,500 customers and over 250,000 users around the world, Upland solutions help customers run their operations smoothly, adapt to change quickly, and achieve better results every day.  Upland is based in Austin, Texas.

Canaccord Genuity acted as exclusive financial advisor to Qvidian in connection with the transaction.  The relationship with Qvidian was cultivated over the past few years.