Progress Software Mergers and Acquisitions Summary

Software Company

Progress Software has acquired 20 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 5 assets.

Progress Software’s largest acquisition to date was in 2014, when it acquired Telerik AD for $263M. Progress Software has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include software (70%) and internet software and services (20%).

Join Mergr and gain access to Progress Software’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the software sector.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity20
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 3

Progress Software Corp.

14 Oak Park Drive,
Bedford, Massachusetts 01730
United States,
(781) 280-4000
www.progress.com

Progress Software Corp. is a software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software was founded in 1981 and is based in Bedford, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 16 1 2 - 1 - 20
vol $627M $79M $225M $931M
Sell (0.2/yr) # 4 - - - 1 - 5
  25

Most Recent M&A

Company Date Value Type
Rollbase, Inc. 2019-05-20 - Divestiture
Saratoga, California · www.rollbase.com
Ipswitch, Inc. 2019-03-28 225M USD Add-on Acquisition
Burlington, Massachusetts · www.ipswitch.com
Kinvey, Inc. 2017-06-28 49M USD Add-on Acquisition
Boston, Massachusetts · www.kinvey.com
DataRPM Corp. 2017-03-29 30M USD Add-on Acquisition
Redwood City, California · www.datarpm.com
OneBit Software 2016-08-01 - Add-on Acquisition
Sofia, Bulgaria · www.onebitsoftware.net
Telerik AD 2014-10-22 263M USD Add-on Acquisition
Sofia, Bulgaria · www.telerik.com
BravePoint, Inc. 2014-10-01 - Add-on Acquisition
Norcross, Georgia · www.bravepoint.com
Modulus LLC 2014-06-09 - Add-on Acquisition
Cincinnati, Ohio · www.modulus.io
Apama Ltd. 2013-06-13 - Divestiture
Cambridge, United Kingdom
Rollbase, Inc. 2013-06-10 - Add-on Acquisition
Saratoga, California · www.rollbase.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Telerik AD    - EQATEC 2013-03-07 3
Sofia, Bulgaria · www.telerik.com Hellerup, Denmark
Telerik AD    - Fiddler Web Debugger 2012-09-10 2
Sofia, Bulgaria · www.telerik.com , United States · www.fiddler2.com
Telerik AD    - NimblePros LLC 2012-04-25 1
Sofia, Bulgaria · www.telerik.com Hudson, Ohio · www.nimblepros.com

M&A by Sector

Sector Buy # Value Sell # Value
Software 14 (70%) 785M (84%) 4 (80%) -
Internet Software and Services 4 (20%) 58M (6%) 1 (20%) -
Information Technology 1 (5%) - - -
Technology Hardware 1 (5%) 88M (9%) - -
Total 20 $931M 5 -

By Geo

State/Country Buy Value Sell Value
United States 15 534M 4 -
  Massachusetts 6 371M 1 -
  California 5 95M 1 -
  Texas 1 68M - -
  Ohio 1 - - -
  New Hampshire 1 - - -
  Georgia 1 - - -
Bulgaria 2 263M - -
United Kingdom 1 28M 1 -
France 1 - - -
Ireland 1 106M - -
Domestic 15 (75%) 534M (57%) 4 (80%) -
Cross-border 5 (25%) 397M (43%) 1 (20%) -
Total 20 $931M 5 -

Top M&A Advisors

Financial Deals
Pacific Crest Securities, Inc.
3
Legal Deals
Wilmer Cutler Pickering Hale and Dorr LLP
5
Foley Hoag LLP
1

Deal Values

buy # Total
$100M to $1B 3 $594M
< $100M 8 $337M
TOTAL $931M
Largest Telerik AD
$263M (2014-10-22)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
5 100%
Divested to
Strategic(s)
100%
5 100%

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