Upland Software chief revenue officer resigns

Upland Software (ETR:SOWGn), Inc. (NASDAQ:UPLD), a company specializing in prepackaged software services with a market capitalization of $115 million, announced the resignation of its Chief Revenue Officer (CRO), Matthew Breslin.

The resignation is set to take effect on Friday, February 7, 2025. According to InvestingPro data, the company has shown strong momentum with an impressive 86% price return over the past six months.

Breslin’s departure from the Austin-based firm was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC) on January 31, 2025. According to the filing, the decision for Breslin to step down was not due to any disagreements with the company regarding its operations, policies, or procedures.

The responsibilities previously held by the outgoing CRO will be distributed among current executives within the company. Upland Software has not yet announced a successor for the CRO position. InvestingPro analysis indicates the company maintains a FAIR financial health score, with three analysts recently revising their earnings expectations upward for the upcoming period.

The announcement comes during a period of strategic realignment for Upland Software, which operates under the SIC code 7372 for prepackaged software services. The company has its headquarters at 401 Congress Avenue, Suite 1850, Austin, Texas.

Upland Software has been listed on the Nasdaq Global Market, with common stock trading under the ticker symbol UPLD and preferred stock purchase rights also registered.

As of the date of the report, Upland Software has not provided further details on the strategic implications of Breslin’s resignation or any additional changes to its executive team. The information is based on a press release statement filed with the SEC.

Investors tracking this development should note that Upland’s next earnings report is scheduled for February 20, 2025. For comprehensive analysis and additional insights, access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.

In other recent news, Upland Software has reported key developments in its financial performance and product enhancements. The company has seen a decrease in its third-quarter revenue for 2024, with a 10% year-over-year decline, totaling $66.7 million. However, adjusted EBITDA for the same period increased to $14 million, up from $13.6 million in Q2. Upland Software also provided guidance for the fourth quarter and full-year revenue and adjusted EBITDA, with Q4 revenue expected to be between $65.9 million and $71.9 million, and adjusted EBITDA ranging from $13.4 million to $16.4 million.

In addition, Upland Software has introduced new AI-driven features to its Upland Altify platform. The launch of Altify MaxAI is expected to augment sales productivity by integrating advanced account planning and deal management tools. These AI-driven insights are anticipated to allow sales teams to prioritize accounts effectively and identify new growth opportunities.

Furthermore, the company has made significant strides in debt reduction, having paid down $177 million of debt in Q3, which will result in $7 million in annual interest savings. Upland Software plans to refinance in the fiscal year 2025 as the existing credit facility matures in August 2026.

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