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Progress Software Corp. expresses interest in acquiring MariaDB plc

PUBLIC · PRGSApr 05, 2024

Acquiring Company

Progress Software

Acquired Company

MariaDB plc

BurlingtonMenlo ParkInformation TechnologySoftwareData CenterInformation TechnologySoftwareinformation technology & services

Description

Progress Software Corp. has expressed interest in acquiring MariaDB plc under Rule 2.4 of the Takeover Rules. The potential acquisition aims to combine the strengths of Progress in database space with MariaDB's valuable RDBMS product, aiming to benefit the customers and shareholders of both organizations.

Quick answer

Progress Software is acquiring MariaDB plc, announced April 5, 2024. Progress Software is based in Burlington, Massachusetts, United States.

How much did Progress Software pay for MariaDB plc?
The deal value was not disclosed.
What does Progress Software do?
Progress Software Corp. (Nasdaq: PRGS) is the trusted provider of infrastructure software.
Where are Progress Software and MariaDB plc based?
Progress Software is based in Burlington, Massachusetts, United States. MariaDB plc is based in Menlo Park, California, United States.
Who are the decision-makers at Progress Software?
Fundz holds 1 contact at Progress Software. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Progress Software

Location

15 Wayside Road, Suite 400

Burlington, Massachusetts, United States

About

Progress Software Corp. (Nasdaq: PRGS) is the trusted provider of infrastructure software. With over three decades of experience and a current market capitalization of c.$2.3 billion, Progress has a proven track record in database management and a deep knowledge of the sector.

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Frequently asked

Who acquired MariaDB plc?

MariaDB plc was acquired by Progress Software, based in Burlington. The deal was reported on April 5, 2024. Progress Software Corp. (Nasdaq: PRGS) is the trusted provider of infrastructure software. Progress Software is publicly traded (PRGS) and operates in Information Technology.

When did Progress Software acquire MariaDB plc?

Progress Software's acquisition of MariaDB plc was reported on April 5, 2024. Progress Software Corp. has expressed interest in acquiring MariaDB plc under Rule 2.4 of the Takeover Rules. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does MariaDB plc do?

MariaDB plc is a global open-source database software company. It provides enterprise solutions for both transactional and analytical workloads, on-premise or in the cloud. It is privately held, operating in Information Technology, and is based in Menlo Park.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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