Progress Software acquires Kemp for $258M cash, adds application experience management

PROGRESS SOFTWARE CORP /MA

Acquires privately held Kemp for $258M in cash; expected close October 2021.
Adds Application Experience Management (AX) to Progress’s DevOps, Data, and Digital Experience portfolio.
Kemp offers Loadmaster and Flowmon products that monitor and optimize application performance across cloud/hybrid.
Transaction expected to be accretive to non-GAAP EPS and cash flow starting fiscal Q4 2021.
Combined portfolio complements existing products like WhatsUp Gold, targeting always-on application delivery.

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