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Corporate Development
at Progress

Driving growth and mutual value through strategic acquisitions.

With a proven strategy, infrastructure and a determined commitment to close, learn what makes Progress an acquirer of choice.

Proven. Committed. Ready to Close.

The Progress Corporate Development team drives a disciplined “Total Growth Strategy,” charged with doubling the size of the company every five years. To reach this goal, we have a dedicated group of business development professionals equipped with the strategy, infrastructure, people and processes to successfully acquire and integrate companies at scale.

Each complementary technology we acquire strengthens our ability to deliver the best products to develop, deploy and manage the high-impact applications that run our technology-driven world. But more importantly, each furthers our commitment to continually address a broader set of customer needs.


Yogesh Gupta Chief Executive Officer
Yogesh Gupta

By growing Progress through M&A we’re not only able to expand our best-in-class product portfolio, better serve our customers and create shareholder value, but we get access to top talent, learning new ways of thinking, that has helped us evolve as a business.


Jeremy Segal Executive Vice President, Corporate Development
Jeremy Segal

What Makes Progress an Acquirer of Choice?

Progress is a global leader serving the entire infrastructure software ecosystem, giving companies a proven merger and acquisition (M&A) partner who works diligently—and quickly—to close deals. With Progress you can expect:

High Certainty to Close

Our acquisition model focuses on speed, efficiency and a high certainty-to-close. Our agility made possible by being well-capitalized and having deep executive involvement throughout the deal process. As an established, publicly traded company with more than 40 years of demonstrated successes, Progress has proven acquisition experience few can equal.

Strong Customer Loyalty

A deep infrastructure software product portfolio, unmatched expertise and a 20% annual reinvestment into R&D has earned Progress a loyal and global following of over 100,000 enterprise customers and 3.5 million developers.

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Unwavering Employee Commitment

Our high employee retention rate, commitment to personal development and ability to empower people to pursue their passions, drives innovation and fuels a thriving and award-winning corporate culture.

More About Career @ Progress

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”Progress has put a lot of work into what Chef started to formalize integrations and make them more robust and adaptable.”

Brittany Woods, manager of server automation, H&R Block

Why We Acquire: Our Total Growth Strategy

Our three-pronged Total Growth Strategy is used to achieve strong and consistent company growth.

  1. Invest and Innovate
  2. Acquire and Integrate
  3. Drive Customer Success

Our goal is to grow revenue, products and customers by acquiring strong infrastructure software companies that fill mission-critical customer needs around the globe. This means acquiring companies sharing our passion for driving innovation and customer success. With a proven ability to find synergistic cultures with those we acquire, our Total Growth Strategy accelerates company performance, fosters employee development and delivers sustained shareholder value.

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Criteria for Acquisitions: Finding the Right Fit

By focusing on the right strategic fit and target criteria, we have proven that the post-close united whole can deliver greater revenue, innovation and marketplace potential than the sum of our individual parts.

Staying true to our evaluation model ensures that each acquisition we make adds both scale and cash flow to Progress while securing the long-term viability for the companies and technologies we acquire.

We look for companies that offer:

  • Strong recurring revenue model
  • Valued products with high retention and renewal rates
  • Complementary technologies to our software infrastructure portfolio
  • Strong alignment between company cultures and values
  • Clear opportunity to leverage our proven operating model and infrastructure for efficiency gains

Contact the Corporate Development Team

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List of Recent Progress Acquisitions

2019

Ipswitch

Products:

WhatsUp Gold, MOVEit, WS_FTP

With an excellent reputation, top quality products and a thriving customer and partner ecosystem, Ipswitch has bolstered Progress’ core offerings with the addition of network monitoring and managed file transfer products. This provides customers with greater levels of visibility, security and control of their networks, systems and files.

2020

Chef

Products:

Chef Enterprise Automation Stack, Chef Infra, Chef Compliance

A pioneering leader in DevOps and DevSecOps, Chef further enhances Progress’ mission to be the trusted provider of the best products to develop, deploy and manage high-impact applications.It adds integrated, automated, continuous compliance and delivery capabilities, enabling customers to build a more agile and secure infrastructure across on-premises, hybrid and cloud environments.

2021

Kemp

Products:

Kemp Loadmaster, Flowmon

A proven provider of load balancing, network performance monitoring and network detection and response solutions, Kemp extends Progress’ capabilities to ensure always-on application experiences. With optimized application delivery, security and visibility, Progress can better address our customers’ critical infrastructure needs.

Contact the Corporate Development Team