ShareFile: Carving Out
a New Future
Sometimes, the most impactful acquisitions aren’t of entire companies—but are non-core business units within those companies with untapped potential. When we learned that Cloud Software Group (CSG) was considering the divestiture of ShareFile, we knew this was an opportunity we wanted to explore.
Successfully executing a carveout requires thoughtful planning, operational expertise and a shared vision between both parties. From due diligence through integration to laying a foundation for long-term success, our team focuses on every detail of the M&A process. Speed and certainty-to-close are key differentiators, and we leverage that strength in competitive situations, like ShareFile. Our well-defined processes, proven playbook and engaged leaders enabled us to rapidly mobilize and close the deal. This is further proof that our deep experience of successfully closing and integrating targets makes Progress an acquirer of choice.
What Sets Progress Apart
Every Progress acquisition is different. Yet each one revolves around a scaled infrastructure software asset and an integration process grounded in speed and expertise. Our dedicated team identifies the right business, evaluates its potential fit for our organization, then harnesses our talent to execute with minimal friction.
The Progress Corporate Development team brings a deep understanding of the complexities that come with acquiring a carved-out business unit. With ShareFile, we drew on close industry relationships, including with investors and investment banking partners, to keep communication open and quickly navigate and resolve any potential roadblocks.
As a global organization with 40+ years of experience in the infrastructure software space, we knew what was required to support SaaS-native products with subscription models. Our goal was to sustain and grow recurring revenue, provide a maniacal focus on our customers and drive their success.
Summary
- Seamless customer experience
- Timely diligence and negotiation
- Exciting opportunities for employees
Acquisition Success: ShareFile
The ShareFile carveout demonstrated what Progress does best: move fast, plan effectively and bring business units into the organization with clarity and continuity.
Operational Readiness
A proven M&A playbook helped us deliver smooth coordination from due diligence to sign, close to integration. Effective execution enabled us to close out items from our Transition Services Agreement (TSA) well ahead of schedule.
Strategic Alignment
Close synergies with our corporate strategy and recurring revenue model showed how well the ShareFile carveout would fit into Progress, unlocking value for acquisition partners, shareholders and customers alike, while creating exciting opportunities for employees.
Seamless Transition
Dedicated cross-functional teams, robust onboarding practices and a clear engineering vision, positioned ShareFile for long-term success with a positive customer and employee impact.
Learn How Your Company Can Flourish Post-Progress Acquisition.
Contact the professionals on our Corporate Development team:
- Email:
- corporate-development@progress.com
- Phone:
- 1-800-477-6473