---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-21-000157"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:28:37.853454+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Progress completes $258M acquisition of Kemp, expects accretion in Q4 2021

## Summary
- Acquired Kemp (MPC Kappa) for ~$258M in cash from cash on hand.
- Transaction expected to be accretive to non-GAAP EPS and cash flow starting Q4 2021.
- Kemp adds Application Experience management to Progress's portfolio of DevOps, Digital Experience, NPMD tools.
- CEO Yogesh Gupta cites total-growth strategy; Kemp follows prior Ipswitch and Chef acquisitions.

## SEC filing metadata
- accession: 0000876167-21-000157
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616721000157/0000876167-21-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616721000157/prgs-20211101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-21-000157
- JSON: https://secwatch.observer/filing/0000876167-21-000157.json
- Plain text: https://secwatch.observer/filing/0000876167-21-000157.txt

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