Progress Software Corp.

NASDAQ:PRGS  
50.21
-0.12 (-0.24%)
Mergers / Acquisitions

Progress Announces Acquisition Of Kemp

Published: 09/23/2021 20:47 GMT
Progress Software Corp. (PRGS) - Progress Announces Acquisition of Kemp, Adding Application Experience to Industry-leading Product Portfolio.
Progress Software Corp Says Will Acquire Kemp for $258 Million in Cash.
Progress Software Corp - Expects to Fund Purchase Price With Cash on Hand.
Progress Software Corp - Transaction is Expected to Be Accretive to Both Non-GAAP Earnings per Share and Cash Flow, Beginning in Fiscal Q4 of 2021.