Progress completed the acquisition of ShareFile from Cloud Software Group for $875m.

Progress, a provider of AI-powered infrastructure software, completed the acquisition of ShareFile, a secure content collaboration, file sharing and sync software provider, from Cloud Software Group, an enterprise software company, for $875m. “Businesses today need to enhance their effectiveness in serving customers, while continuously streamlining their operations to drive efficiency, security and compliance,” Yogesh Gupta, Progress CEO.