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Announced

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

Synopsis

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.

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