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Progress Completes Acquisition Of Marklogic

Feb 07, 2023•almost 3 years ago

Acquiring Company

Progress Software

Acquired Company

MarkLogic

BurlingtonSoftwareData CenterBig DataEnterprise SoftwareAnalyticsInformation TechnologySoftware

Description

Progress (NASDAQ: PRGS), the trusted provider of application development and infrastructure software, today announced the completion of the acquisition of MarkLogic, a leader in complex data and semantic metadata management and a Vector Capital portfolio company. It is also another major milestone in Progress’ Total Growth Strategy.

Company Information

Company

Progress Software

Location

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed