Progress Software completes $875M acquisition of ShareFile from Cloud Software Group

PROGRESS SOFTWARE CORP /MA

Purchased ShareFile for $875M in cash, funded by cash on hand and existing revolving credit facility.
ShareFile adds more than $240M in annual revenue and over 86,000 customers to Progress.
Platform provides AI-powered, document-centric collaboration for business, financial, and healthcare sectors.
Acquisition marks major milestone in Progress' Total Growth Strategy, expanding Digital Experience portfolio.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.