---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-21-000131"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2021-09-27T23:59:59+00:00"
generated_at: "2026-06-29T01:24:56.891199+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000876167-21-000131
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2021-09-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616721000131/0000876167-21-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616721000131/prgs-20210927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-21-000131
- JSON: https://secwatch.observer/filing/0000876167-21-000131.json
- Plain text: https://secwatch.observer/filing/0000876167-21-000131.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.