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Progress Completes Acquisition Of Kemp

PUBLIC · PRGSNov 01, 2021

Acquiring Company

Progress Software

Acquired Company

Kemp

BurlingtonNew YorkInformation TechnologySoftwareData CenterSoftwareMobileApps

Description

Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact applications, today announced the completion of the acquisition of Kemp, the always-on application experience (AX) company that helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment. Progress announced the proposed acquisition on September 23, 2021.

Quick answer

Progress Software is acquiring Kemp, announced November 1, 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.

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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 Kemp?

Kemp was acquired by Progress Software, based in Burlington. The deal was reported on November 1, 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 November 1, 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.

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

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