improve it or discuss these issues on the talk page . learn how and when to remove these template messages a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . october 2014 learn how and when to remove this template message the neutrality of this article is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . october 2014 learn how and when to remove this template message learn how and when to remove this template message powersteering former type private industry business software predecessor cambridge interactive successor upland software defunct 2012 area served global products powersteering website powersteering software powersteering previously known as cambridge interactive was a provider of cloud based enterprise work management software . in 2012 the company was absorbed by upland software . contents 1 powersteering software 2 upland software 3 references 4 external links powersteering software edit powersteering software was founded in 1998 an outgrowth of an earlier incarnation named cambridge interactive which was founded in 1994 . 1 the founder of the original company was andrew singleton . the original software was built to provide step by step instruction templates via the internet . in 1998 david boghossian joined the company to help found powersteering and served as the company s president . the company transitioned away from services to project and portfolio management software . 2 powersteering software was launched as a saas enterprise project and portfolio management ppm software . 3 powersteering is user configurable software 4 which in the early years was called asp or application service provider then saas and eventually cloud based . 5 the software was able to bring up management reports covering all projects under a supervisor s purview in order for them to see what aspects of each project were on or off track . 6 by 2005 the software was in use by over 100 000 corporate projects . 7 in terms of financing in 1999 powersteering raised 1.3 million in angel capital with an additional 2 million in venture capital coming in 2001 . in 2002 powersteering raised 1 million in financing from investors bringing its overall total in investment dollars to 4.3 million . 2 then in both 2003 and 2005 the company raised another 5 million in capital from investors . 7 8 in 2008 the company received 3.5 million in financing from a group of investors . 9 in 2012 powersteering software was acquired by the silverback enterprise group and renamed upland software . 3 upland software edit upland software is headquartered in austin texas . 10 the ceo and chairman of the company is jack mcdonald . 11 following the purchase powersteering was merged with the company tenrox initially under the name of powersteering software . 12 upland is backed by austin ventures . 13 upland software is mentioned as a visionary in the 2015 gartner magic quadrant for cloud based it project and portfolio management services worldwide . 14 references edit wade roush april 8 2008 . powersteering refuels with 3.5 million . xconomy . retrieved july 18 2013 . a b mark hollmer november 15 2002 . powersteering raises 1m amid venture capital drought . boston business journal . retrieved july 18 2013 . a b dan primack february 17 2012 . m & a . fortune magazine . retrieved july 18 2013 . mark price perry 2011 . business driven project portfolio management conquering the top 10 risks that threaten success . j. ross publishing . p. 104 . retrieved july 18 2013 . gregory smith 2013 . straight to the top cio leadership in a mobile social and cloud based world . john wiley & sons . p. 58 . retrieved july 18 2013 . charles hannabarger ; frederick buchman & peter economy 2011 . balanced scorecard strategy for dummies . john wiley and sons . retrieved july 18 2013 . a b software maker powersteering raises 5m . boston business journal . august 8 2005 . retrieved july 18 2013 . powersteering advent cap 5m vc round . boston business journal . december 10 2003 . retrieved july 18 2013 . powersteering software receives 3 500 000 new funding round . xconomy . april 7 2008 . retrieved july 18 2013 . christopher calnan may 20 2013 . upland software establishes austin headquarters . austin business journal . retrieved july 18 2013 . lori hawkins november 3 2010 . former perficient ceo jack mcdonald to launch new software venture . austin american statesman . retrieved july 22 2013 . rodney brown february 16 2012 . powersteering bought by texas firm merged with canada s tenrox . boston business journal . retrieved july 18 2013 . lori hawkins may 16 2013 . austin based silverback acquires another company which becomes part of upland software . austin american statesman . retrieved july 22 2013 . 1 external links edit powersteering software retrieved from https en.wikipedia.org w index.php title powersteering & oldid 723776236 categories 2013 establishments in texascompanies based in austin texasproject management softwarecompanies established in 2013hidden categories wikipedia articles with possible conflicts of interest from october 2014npov disputes from october 2014all npov disputes navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 5 june 2016 at 05 01 . text is available under the creative commons attribution sharealike license ; 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