Progress Announces Completion of Tender Offer for NEON Systems

Merger with DataDirect Operating Unit to Extend Data Connectivity Leadership and Enable Mainframe Integration for Service-Oriented Architecture (SOA) and Real-Time Event Stream Processing

We are pleased to announce that Progress Software Corporation has completed the tender offer for NEON Systems. NEON Systems will become part of DataDirect Technologies, an operating unit of Progress Software. NEON is the leading provider of enterprise-class mainframe integration products.

Many large corporations run their most critical business systems on mainframes; however, easy access to mainframe data remains a significant challenge. The acquisition addresses this problem by joining the connectivity expertise of DataDirect with the mainframe expertise of NEON. Together, the newly expanded DataDirect will be able to offer standards-based data connectivity for ODBC, JDBC, and ADO.NET across all platforms, data sources, and standards using one set of APIs.

The acquisition also brings NEON's outstanding web services and events technology to DataDirect. According to Gartner, NEON is a leader and the most visionary company in its Programmatic Integration Server market (which it defines as software that enables a lightweight approach to providing a service-oriented architecture on top of legacy applications). DataDirect intends to continue NEON's focus on service-oriented architectures and extend its abilities in this space through Progress' greater reach.

The combined company is the industry's only comprehensive source for data access technologies across all platforms, standards, and data sources. Customers can now turn to one vendor, DataDirect, for the highest quality data connectivity to mainframe data sources such as DB2, IMS/DB VSAM, Adabas, CICS/TS, IMS/TM, CA-IDMS, and Natural, as well as relational databases such as Oracle, DB2, Microsoft SQL Server, Sybase, Informix, and Progress.

Please read the press release announcing the transaction for more information.

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Progress Software Corporation supplies business application platform, soa infrastructure and data infrastructure software that simplifies and accelerates the development, deployment, integration and management of business applications and Service-Oriented Architecture (SOA). Our superior business application platforms include Progress OpenEdge for high performance SOA integration and software as a service (SaaS), and Progress Apama for complex event processing. Our innovative event-driven SOA infrastructure solutions include Progress Sonic Enterprise Service Bus (ESB), Progress DataXtend semantic data integration, Progress Actional SOA management and SOA governance, and DataDirect data connectivity for mainframe SOA and web services. Our data infrastructure products include DataDirect Connect for database driver and data provider connections to relational databases and XML data integration, EasyAsk for enterprise search and e-commerce, and ObjectStore object data management.