---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-25-000004"
form_type: "8-K/A"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T06:00:23.192847+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Progress Software: ShareFile generated $183.6M revenue, $5.5M operating shortfall

## Summary
- ShareFile revenues of $183.6M vs direct expenses $189.1M, resulting in $5.5M shortfall for 9 months ended Sep 1, 2024.
- Net assets acquired of $239.1M included $310.8M intangible assets and $98.3M liabilities assumed.
- Progress paid $852.7M cash at closing (after $25M working capital credit) for the ShareFile business.
- Unaudited pro forma combined financials for Progress and ShareFile filed as Exhibit 99.2.
- No earnouts or contingent consideration in the ShareFile acquisition.

## SEC filing metadata
- accession: 0000876167-25-000004
- form_type: 8-K/A
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616725000004/0000876167-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616725000004/prgs-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-25-000004
- JSON: https://secwatch.observer/filing/0000876167-25-000004.json
- Plain text: https://secwatch.observer/filing/0000876167-25-000004.txt

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