M&A Deal Summary

Progress Software Acquires OneBit Software

On August 1, 2016, Progress Software acquired software company OneBit Software

Acquisition Highlights
  • This is Progress Software’s 12th transaction in the Software sector.
  • This is Progress Software’s 2nd transaction in Bulgaria.

M&A Deal Summary

Date 2016-08-01
Target OneBit Software
Sector Software
Buyer(s) Progress Software
Deal Type Add-on Acquisition

Target

OneBit Software

Sofia, Bulgaria
OneBit Software is a software development and consulting company. OneBit Software core business is the heavy involvement with the Microsoft SharePoint platform.

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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 17 of 25
Sector: Software M&A 12 of 17
Type: Add-on Acquisition M&A Deals 17 of 24
Country: Bulgaria M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-22 Telerik AD

Sofia, Bulgaria

Telerik sells a series of software development and reporting tools used to create web and desktop applications on the Microsoft .Net framework, and Sitefinity - a web content management software platform.

Buy $263M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 DataRPM

Redwood City, California, United States

DataRPM Corp. is a predictive analytics company focused on delivering the next generation predictive maintenance solutions for the Industrial IoT. DataRPM platform automates data science leveraging the next frontier in machine learning known as meta-learning, which is machine learning on machine learning.

Buy $30M