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  6. Progress Software Acquires Corticon Technologies

M&A Deal Summary

Progress Software Acquires Corticon Technologies

On December 5, 2011, Progress Software acquired software company Corticon Technologies

Acquisition Highlights
  • This is Progress Software’s 10th transaction in the Software sector.
  • This is Progress Software’s 9th transaction in the United States.
  • This is Progress Software’s 4th transaction in Massachusetts.

M&A Deal Summary
Date 2011-12-05
Target Corticon Technologies
Sector Software
Buyer(s) Progress Software
Deal Type Add-on Acquisition

Target

Corticon Technologies

Bedford, Massachusetts, United States
Corticon Technologies, Inc. helps organizations make better, faster decisions by managing the rules that drive their business. Using Corticon Business Rules Management software, decision-makers within an organization are now able to capture and model their best practices, policies and procedures without programming dependency.

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Buyer(S) 1

Buyer

Progress Software

Bedford, Massachusetts, United States
Category Company
Founded 1981
Sector Software
Employees2,815
Revenue 753M USD (2024)
DESCRIPTION

Progress Software 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.

DEAL STATS #
Overall 12 of 25
Sector: Software M&A 10 of 17
Type: Add-on Acquisition M&A Deals 12 of 24
State: Massachusetts M&A 4 of 6
Country: United States M&A 9 of 19
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-11 Savvion

Santa Clara, California, United States

Savvion, Inc. is a business enterprise software company.

Buy $49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-27 FuseSource

Bedford, Massachusetts, United States

FuseSource, a provider of open source integration and messaging, will enable Red Hat to accelerate the delivery of application integration products and services to enterprise customers.

Sell -
Mergr

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