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Progress Announces Plans To Acquire Marklogic

Jan 03, 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 it has entered into a definitive agreement to acquire MarkLogic, a leader in managing complex data and metadata and a Vector Capital portfolio company. Upon closing of the planned transaction, MarkLogic is expected to enhance Progress’ commitment of delivering the best products to develop, deploy and manage high-impact applications by providing a unified enterprise-grade semantic data platform that empowers customers to derive value from complex data.

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