Progress Acquires Ipswitch, Inc.

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 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.

Integrated Power Services (IPS) Acquires Switchgear Solutions, Inc.

December 19, 2024

Industrial Services

Integrated Power Services (IPS), a Greenville, South Carolina–based provider of electrical, mechanical and power management services, has acquired Tucson-based Switchgear Solutions, Inc. The acquisition expands IPS's footprint and capabilities in the Southwestern United States, adding Switchgear Solutions' remanufacturing, field and engineering services for mining, utilities and industrial customers.

Integrated Power Services Acquires TechPro Power Group

January 29, 2026

Industrial Services

Integrated Power Services (IPS) has completed the acquisition of TechPro Power Group, Inc., a provider of power systems lifecycle management and field services. The deal expands IPS’s technical capabilities and geographic coverage across North America, enhancing service offerings for mission-critical end markets such as data centers, utilities and oil & gas.

Ascend Technologies Acquires Infogressive (PE-backed by M/C Partners)

July 29, 2020

Cybersecurity

Ascend Technologies LLC, a Midwest-based managed services provider backed by private equity firm M/C Partners, has merged with Infogressive, a Lincoln, Nebraska–based cybersecurity/MSSP firm. The add-on transaction expands Ascend's cybersecurity and cloud capabilities and creates a combined organization of more than 150 U.S.-based technical and security professionals with offices in Chicago, Illinois and Lincoln, Nebraska.