Progress Software to acquire KEMP from Mill Point Capital for $258m.

Progress Software, a provider of products to develop, deploy and manage high-impact applications, agreed to acquire KEMP, an application experience company, from Mill Point Capital, a private equity firm, for $258m. "Now more than ever, businesses recognize that their applications must always be available and highly performant. The Kemp products address this exact need and complement our portfolio of best-in-class products to develop, deploy and manage high-impact applications," Yogesh Gupta, Progress CEO.