Upland Software, Inc. (NasdaqGM:UPLD) is looking for M&A. John McDonald, Chairman and Chief Executive Officer said, "On M&A, we are actively in the market. We are looking at a number of acquisition opportunities. As we build out our go-to-market capabilities, of course, it starts to make some of these acquisitions more attractive because we are positioning ourselves, we believe, to not only drive the cost synergies that we have historically, but to better drive revenue synergies.

And I see it in some of the recent acquisitions that we did like BAI, Insight, BAI, which is an enterprise search tool where really, we drove the integration of that product with more of the new Upland mindset around go-to-market. And we're seeing growth rates on that product that are really strong. And so we're going to keep building out this capability so that we can go and do additional acquisitions and again, not only drive margins but continue to drive revenue growth.

Now we're well positioned. We've got plenty of capital. We're known in the market.

We've got a pipeline of deals, but we control timing on it. So we're going to execute at the right time. We are being purposeful and thoughtful about it.

Don't feel rushed to have to get something done this quarter. But we anticipate getting back in the business of closing deals by - within the next few quarters and feel like we're well positioned for that".