Progress Announces Acquisition Of Kemp, Adding Application Experience To Industry-Leading Product Portfolio
Acquiring Company
Progress Software
Acquired Company
Kemp
BurlingtonNew YorkInformation TechnologySoftwareData CenterSoftwareMobileAppsDescription
Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact applications, today announced that it has entered into a definitive agreement to acquire privately held Kemp, the always-on application experience company that helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment. With this acquisition, Progress will extend its portfolio of market-leading products in DevOps, Application Development, Data Connectivity and Digital Experience, by adding Application Experience Management (AX).
Quick answer
Progress Software is acquiring Kemp, announced September 23, 2021. Progress Software is based in Burlington, Massachusetts, United States.
- How much did Progress Software pay for Kemp?
- 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 Kemp based?
- Progress Software is based in Burlington, Massachusetts, United States. Kemp is based in New York, 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.
Other recent acquisitions in Data Center and Mobile
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Progress Completes Acquisition Of Kemp (November 1, 2021)
- Procore Acquires Laborchart To Improve Construction Workforce Management (October 22, 2021)
- Voicesage Acquires 2Sms To Strengthen Its Presence In The U.S. Market (October 29, 2021)
- Concrete Pumping Holdings Acquires Pioneer Concrete Pumping Service (November 2, 2021)
- Vertexone Acquires Ec Infosystems, Fulfilling Energy Market Need For End-To-End Technology Solutions (November 2, 2021)
- Concrete Pumping Holdings Acquires Pioneer Concrete Pumping Service (November 2, 2021)
Who to call at Progress Software, and when
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Frequently asked
Who acquired Kemp?
Kemp was acquired by Progress Software, based in Burlington. The deal was reported on September 23, 2021. 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 Kemp?
Progress Software's acquisition of Kemp was reported on September 23, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kemp do?
Kemp powers the always-on application experience that enterprises and service providers need to succeed. Kemp has redefined load balancing and application delivery with more simplified deployments, more flexible licensing and top-rated technical support. It is privately held, operating in Software, and is based in New York.
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