Five Minute Briefing - Information Management
September 24, 2021

Progress Acquires Kemp for $285 Million, Adding Application Experience to Product Portfolio

Progress, a provider of products to develop, deploy and manage high-impact applications, has entered into a definitive agreement to acquire Kemp, a company that helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment. Progress will acquire Kemp for $258 million in cash and the deal is expected to close in October 2021.