Progress Acquires Chef for $220M

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 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 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.

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.

Pluralsight Acquires GitPrime

May 1, 2019

Software

Pluralsight, Inc. agreed to acquire GitPrime, a developer productivity analytics platform, for $170 million in cash. The deal (expected to close the week of May 6) will integrate GitPrime's developer productivity insights into Pluralsight's technology skills and learning platform to give enterprise customers visibility into developer performance and outcomes.