Progress Acquires MarkLogic for $355M

Vector Capital Acquires MarkLogic

October 21, 2020

Software

Private equity firm Vector Capital completed the acquisition of MarkLogic Corporation, a provider of enterprise data integration and data management solutions. Vector named Adrian Carr as CEO and said it will partner with management to accelerate MarkLogic’s growth, including its automated cloud offering, Data Hub Service.

MarkLogic Acquires Smartlogic

November 23, 2021

AI & Machine Learning

MarkLogic Corporation, a Vector Capital portfolio company, has acquired Smartlogic, a metadata management and semantic AI platform provider. The acquisition brings Smartlogic's Semaphore technology and senior management team into MarkLogic to expand its metadata, semantic AI and information-enrichment capabilities; financial terms were not disclosed.

Progress Acquires Kemp Technologies

September 23, 2021

Software

Progress (NASDAQ: PRGS) acquired Kemp, the application experience (AX) company, for $258 million in cash. The purchase adds Kemp's LoadMaster and Flowmon application-delivery and network-visibility capabilities to Progress' portfolio to expand its application experience and network performance monitoring offerings.

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.

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.

Balfour Capital Group Acquires Market Logic Network LLC

April 12, 2025

Data & Analytics

Balfour Capital Group has acquired Market Logic Network LLC, a marketing intelligence and automation firm operating in the United States, Italy, and Spain. The acquisition strengthens Balfour's technology and analytics capabilities—supporting predictive analytics, CRM integration and automation—to accelerate its global fintech and wealth-management platform ahead of an anticipated IPO.