secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2021-09-27T23:59:59+00:00
Accession:  0000876167-21-000131
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616721000131/0000876167-21-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616721000131/prgs-20210927.htm
  HTML page:      https://secwatch.observer/filing/0000876167-21-000131

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer