.
MergerLinks Header Logo

New Deal


Announced

Completed

Progress completed the acquisition of MarkLogic from Vector Capital for $355m.

Financials

Edit Data
Transaction Value£294m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private

Friendly

Acquisition

Domestic

Majority

Software

software

United States

Private Equity

Completed

Synopsis

Edit

Progress, a provider of application development and infrastructure software, completed the acquisition of MarkLogic, a developer of a metadata refining platform designed to support powerful models, from Vector Capital, a private equity firm, for $355m. “Our Total Growth Strategy consists of three pillars—Invest and Innovate, Acquire and Integrate and Drive Customer Success. The MarkLogic acquisition aligns with this approach by adding industry-leading products to our already-strong portfolio, new and meaningful customer relationships to our large customer base and significant revenue to our top line,” Yogesh Gupta, Progress CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US