Progress Acquires Chef for $220M

Progress Software Acquires Domo's AI and Data Platform Business

July 22, 2026

Data & Analytics

Progress Software agreed to acquire substantially all of Domo's operating business assets and employees, including its AI and data platform, for $400 million in cash, while assuming certain liabilities and excluding Domo's net operating loss carryforwards. The transaction closed on September 22, 2026, and Domo's operating business and platform became part of Progress; Domo's remaining public holding company was renamed Huckleberry.ai.

Progress Completes Acquisition of MarkLogic

February 7, 2023

Data & Analytics

Progress (NASDAQ: PRGS) completed its $355 million acquisition of MarkLogic, a provider of complex data and semantic metadata management software. The deal expands Progress’ data capabilities and product portfolio as part of its Total Growth Strategy to acquire, integrate, and drive customer success.

PSG Equity Invests Over €50 Million in Zenchef

September 19, 2022

Cloud & SaaS

PSG Equity has made an investment of over €50 million in Zenchef, a Paris-based restaurant technology company, to support the company’s European expansion and product development. The growth equity from PSG will help Zenchef accelerate hiring, broaden its SaaS product suite (including a consumer app and pay-at-table features) and strengthen its leadership across European markets.

The Chefs' Warehouse Acquires Capital Seaboard

December 28, 2021

Food & Beverage

The Chefs' Warehouse, Inc. (NASDAQ: CHEF) has acquired substantially all of the assets of CGC Holdings, Inc., dba Capital Seaboard, a specialty produce and seafood distributor based in Jessup, Maryland. The acquisition expands The Chefs' Warehouse’s specialty produce and seafood capabilities and strengthens its presence in the Mid-Atlantic market.

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 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.