---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-23-000056"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:29:51.537978+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000876167-23-000056
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616723000056/0000876167-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616723000056/prgs-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-23-000056
- JSON: https://secwatch.observer/filing/0000876167-23-000056.json
- Plain text: https://secwatch.observer/filing/0000876167-23-000056.txt

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