Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud.
Progress Completes Acquisition of Chef
October 07, 2020
Progress announced the completion of the acquisition of Chef Software providing complete infrastructure automation to build, deploy, manage and secure applications in modern multi-cloud and hybrid environments, as well as on-premises.
Progress announced the proposed acquisition on September 8th.
As part of Progress, Chef will provide compliance and application automation products for multi-cloud and on-prem infrastructure. Chef products include Chef® Enterprise Automation Stack™, Chef® Infra™, Chef® InSpec®, Chef® Habitat®, Chef® Compliance™ and Chef® Desktop™.
“We are thrilled to complete our acquisition of Chef, which extends Progress offerings in the DevOps ecosystem with market-leading, modern infrastructure automation, and expands the Progress developer community, bringing the DevOps persona to the forefront,” said Yogesh Gupta, CEO, Progress. “Following on the heels of our 2019 acquisition of Ipswitch, we are confident that Chef will serve as another proof point that illustrates the potential of our total growth strategy to expand our business through accretive M&A to the benefit of all of our stakeholders.”
Progress purchased Chef for $220 million in cash. Progress funded the transaction with existing cash on hand and borrowings under its existing credit facility. The transaction is expected to be accretive beginning in Q1 FY2021 to both non-GAAP earnings per share and cash flow.
Industry News
January 23, 2025
January 23, 2025
Sonar announced the release of its latest Long-Term Active (LTA) version, SonarQube Server 2025 Release 1 (2025.1).
January 23, 2025
Idera announced the launch of Sembi, a multi-brand entity created to unify its premier software quality and security solutions under a single umbrella.
January 22, 2025
Postman announced the Postman AI Agent Builder, a suite empowering developers to quickly design, test, and deploy intelligent agents by combining LLMs, APIs, and workflows into a unified solution.
January 22, 2025
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, announced the graduation of CubeFS.
January 21, 2025
BrowserStack and Bitrise announced a strategic partnership to revolutionize mobile app quality assurance.
January 16, 2025
Mendix, a Siemens business, announced the general availability of Mendix 10.18.
January 16, 2025
Red Hat announced the general availability of Red Hat OpenShift Virtualization Engine, a new edition of Red Hat OpenShift that provides a dedicated way for organizations to access the proven virtualization functionality already available within Red Hat OpenShift.
January 16, 2025
Contrast Security announced the release of Application Vulnerability Monitoring (AVM), a new capability of Application Detection and Response (ADR).
January 15, 2025
Red Hat announced the general availability of Red Hat Connectivity Link, a hybrid multicloud application connectivity solution that provides a modern approach to connecting disparate applications and infrastructure.
January 15, 2025
Appfire announced 7pace Timetracker for Jira is live in the Atlassian Marketplace.
January 14, 2025
SmartBear announced the availability of SmartBear API Hub featuring HaloAI, an advanced AI-driven capability being introduced across SmartBear's product portfolio, and SmartBear Insight Hub.
January 14, 2025
Azul announced that the integrated risk management practices for its OpenJDK solutions fully support the stability, resilience and integrity requirements in meeting the European Union’s Digital Operational Resilience Act (DORA) provisions.
January 14, 2025
OpsVerse announced a significantly enhanced DevOps copilot, Aiden 2.0.
