Progress Software completes $355M acquisition of MarkLogic; expects accretion in Q2 2023

PROGRESS SOFTWARE CORP /MA

Completed acquisition of MarkLogic, a leader in complex data management, for $355 million.
Deal expected to be accretive to non-GAAP EPS and cash flow beginning Q2 2023.
Expands Progress' data capabilities with NoSQL database, semantic AI, and unified platform.
Part of Total Growth Strategy; adds customer relationships and revenue.

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