AUSTIN, Texas--(BUSINESS WIRE)--Dec 4, 2024--
Upland Software, Inc. (Nasdaq: UPLD), a leader in AI-enabled cloud software for digital transformation, today announced that Upland Altify is now powered by Altify MaxAI, taking sales productivity to the next level with its innovative account planning and deal management software. As a trusted leader in the industry, Altify is dedicated to streamlining even the most complex sales processes, helping sales professionals boost efficiency and maximize their performance with AI-enhanced solutions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204540264/en/
“At Upland Altify, we’re committed to simplifying complex sales for B2B organizations by streamlining best practices in account planning and deal management,” said Toby Hottovy, Senior Vice President and General Manager of Sales Effectiveness solutions at Upland Software. “Altify MaxAI-powered solutions help automate time-consuming tasks, giving sellers valuable insights that drive success—allowing them to focus more on building relationships with prospects and customers, while driving revenue growth.”
Building on Altify’s robust foundation, Altify MaxAI brings cutting-edge AI capabilities to empower sales professionals, enabling them to maximize their potential and significantly elevate sales productivity. New Altify MaxAI capabilities include the following:
“Altify MaxAI is a game-changer for sales organizations,” said Richard Scheig, Chief Revenue Officer at MeridianLink. “By harnessing AI-driven insights, sellers can now prioritize top accounts and identify new growth opportunities quickly. Altify MaxAI can give sales teams a strategic advantage, allowing them to make data-backed decisions and focus efforts on the deals with the highest potential impact.”
Building on Altify’s 20+ years of account planning expertise, Altify MaxAI expands on the legacy of Max Insights, Altify’s pioneering ‘Augmented Intelligence’ engine that launched almost a decade ago. Using CRM data, Max Insights utilized a library of pre-delivered rules to identify key signals and actionable insights across Accounts and Opportunities. Now, with Generative AI, Altify MaxAI will bring even greater intelligence and advanced capabilities to Altify customers.
Learn more about Altify MaxAI here.
About Upland Software
Upland Software Inc. enables global businesses to work smarter with over 25 proven enterprise cloud software products that increase revenue, reduce costs, and deliver immediate value. Our solutions offer many integrated AI capabilities and cover digital marketing, knowledge management, contact center service, sales productivity, content lifecycle automation, and more. Upland's powerful cloud products are trusted by more than 10,000 global customers. Learn how Upland helps businesses achieve outcomes that matter at www.uplandsoftware.com.
Upland Altify MaxAI (Graphic: Business Wire)
NEW YORK (AP) — U.S. stock indexes are rising toward more records Wednesday after tech companies talked up how much artificial intelligence is boosting their results.
The S&P 500 rose 0.3% in morning trading to add to what looks to be one of its best years of the millennium. It’s on track to set an all-time high for the 56th time this year after coming off 10 gains in the last 11 days.
The Dow Jones Industrial Average was up 143 points, or 0.3%, as of 10:30 a.m. Eastern time, while the Nasdaq composite was adding 0.8% to its own record.
Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short.
CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock of the company, which helps businesses manage their customers, rose 8.8%.
Marvell Technology jumped even more after delivering better results than expected, up 22.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations.
They helped offset a drop of 10% for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations.
CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this quarter. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods.
Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable because of high interest rates brought by the Federal Reserve to crush inflation. But shoppers are now contending with still-high prices and a slowing job market.
This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Wednesday morning may have offered a preview of it.
The report from ADP suggested employers in the private sector increased their hiring last month, but not by as much as economists expected.
The report helped solidify traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks.
The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. It had appeared set to continue cutting interest rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat.
Trump's preference for higher tariffs and other policies could lead to higher economic growth and inflation, which could alter the Fed’s plans.
Another report on Wednesday morning said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected.
One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed's rate cuts have not pulled down mortgage rates as much as hoped yet. Plus “the unknown effect of tariffs clouds the future.”
In the bond market, the yield on the 10-year Treasury edged down to 4.22% from 4.23% late Tuesday.
On Wall Street, Campbell's fell 5% for one of the S&P 500's sharper losses despite increasing its dividend and reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell short of Wall Street's expectations, and the National Football League's Washington Commanders hired Campbell's CEO Mark Clouse as its team president.
Campbell's said Mick Beekhuizen, its president of meals and beverages, will become its 15th CEO following Clouse's departure.
In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. Yoon accused pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. The martial law declaration was revoked about six hours later.
Samsung Electronics fell 0.9% in Seoul. The country’s financial regulator said it was prepared to deploy 10 trillion won ($7.07 billion) into a stock market stabilization fund at any time, the Yonhap news agency reported.
In France, political turmoil has also been rising as the government faces a no-confidence vote Wednesday in parliament following a divisive budget debate. The CAC 40 in Paris rose 0.5%.
AP Writers Matt Ott and Zimo Zhong contributed.
A person walks on Wall St. near the New York Stock Exchange in New York's Financial District on Wednesday, Dec. 4, 2024. (AP Photo/Peter Morgan)
Holiday decorations are shown in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 3, 2024. (AP Photo/Peter Morgan)
FILE - Pedestrians cross Wall Street in New York's Financial District on Nov. 19, 2024. (AP Photo/Peter Morgan, File)
A person rides a bicycle in front of Tokyo Stock Exchange building Tuesday, Dec. 3, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 3, 2024. (AP Photo/Ahn Young-joon)
