{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-23-000004","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.348063+00:00","generated_at":"2026-06-20T21:10:13.873985+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progress Software to acquire MarkLogic for $355M cash; reports preliminary Q4 ARR ~$497M","bullets":["Acquires all equity of Vector Maven Holdings (MarkLogic) for ~$355M in cash; expected close early 2023.","Deal adds >$100M in annual revenue; MarkLogic offers NoSQL database and semantic metadata management.","Preliminary Q4 2022 ARR ~$497M (+3.5% YoY); non-GAAP revenue/EPS at or above high end of guidance.","No financing condition; subject to HSR waiting period and other customary closing conditions.","Jefferies advised MarkLogic; DLA Piper for Progress and Paul Hastings for MarkLogic."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-23-000004","json":"https://secwatch.observer/filing/0000876167-23-000004.json","markdown":"https://secwatch.observer/filing/0000876167-23-000004.md","text":"https://secwatch.observer/filing/0000876167-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000004/0000876167-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000004/prgs-20230103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:10:13.873985+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66c93d7b5e724f30831902a353d4d93e864a2aeb","claim":"PROGRESS SOFTWARE CORP /MA entered into Stock Purchase Agreement with Vector Maven Holdings, Inc., Vector Maven Holdings, L.P. valued at approximately $355 million (effective 2023-01-03).","evidence_excerpt":"On January 3, 2023, Progress Software Corporation (“Progress”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Vector Maven Holdings, Inc., a Delaware corporation (the “Company”), and Vector Maven Holdings, L.P. (the “Seller”), pursuant to which Progress has agreed to acquire from the Seller all of the outstanding equity interests of the Company (the “Purchased Shares”), as a result of which the Company and its wholly-owned subsidiaries, including MarkLogic Corporation and Smartlogic Holdings Limited, will become wholly-owned subsidiaries of Progress. The transactions contemplated by the Purchase Agreement are collectively referred to as the “Transaction”. At the closing of the Transaction (the “Closing”), Progress will acquire the Purchased Shares from the Seller for an aggregate purchase price of approximately $355 million, subject to certain working capital and other adjustments (the “Purchase Price”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000004/0000876167-23-000004-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Vector Maven Holdings, Inc., Vector Maven Holdings, L.P."},{"label":"Value","value":"approximately $355 million"},{"label":"Effective","value":"2023-01-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}