logo
logo

Progress Completes Acquisition Of Marklogic

Feb 07, 2023•over 2 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 (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress.

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

Related People

Amanda hidden

hidden
hidden

Yogesh hidden

hidden
hidden