Progress Acquires Kemp Technologies

Progress Acquires Ipswitch, Inc.

May 1, 2019

Software

Progress (NASDAQ: PRGS) has completed the acquisition of Ipswitch, Inc., a provider of secure data file transfer and network management software, for $225 million in cash. The purchase brings products such as MOVEit, WhatsUp Gold and WS_FTP into Progress’ portfolio to bolster its offerings for SMBs and enterprise customers and is expected to be immediately accretive to non-GAAP EPS and cash flow.

Kemp Acquires Flowmon Networks

November 6, 2020

Cybersecurity

Kemp Technologies has acquired Flowmon Networks, a Brno-based provider of network performance monitoring and network detection and response (NDR) solutions. The deal adds machine-learning driven network visibility, encrypted traffic analysis and automated incident response to Kemp's application delivery and security portfolio; Kemp is a portfolio company of Mill Point Capital, making this an add-on acquisition.

Progress Acquires MarkLogic for $355M

February 7, 2023

Software

Progress (NASDAQ: PRGS) has completed the acquisition of MarkLogic, a Vector Capital portfolio company, for $355 million. The deal expands Progress’ application and data platform capabilities by adding MarkLogic’s NoSQL database, informed search and semantic AI technologies and is expected to be accretive to non-GAAP EPS and cash flow beginning in Q2 2023.

Progress Acquires Chef for $220M

September 8, 2020

Software

Progress (NASDAQ: PRGS) agreed to acquire Chef, a leader in DevOps and DevSecOps infrastructure automation, for $220 million in cash. The acquisition (expected to close Oct 2020) expands Progress' application development and compliance automation offerings by adding Chef's products, community and a reported $70M+ in annual recurring revenue.

Leap Acquires JobProgress

March 10, 2022

Cloud & SaaS

Leap, a Columbia, Maryland-based provider of home contractor sales enablement software, has acquired JobProgress, a Middlesex, New Jersey-based CRM and workflow platform for home contractors. The deal, backed by Nexa Equity (Leap's majority investor), expands Leap's product capabilities and creates a larger integrated platform serving more than 2,400 contractors across North America.

Kerridge Commercial Systems Acquires Palladium Business Solutions

March 27, 2023

Software

Kerridge Commercial Systems (KCS), a UK-based ERP and business management software provider, has acquired South Africa–based Palladium Business Solutions, a long-established ERP and accounting software vendor. The deal strengthens KCS’s presence in Southern Africa, expands its product offering and partner channel, and brings Palladium’s offices in Johannesburg, Stellenbosch and Kenya into the KCS group.