---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000575"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:52:14.604199+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552781-24-000575
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000155278124000575/0001552781-24-000575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000155278124000575/e24427_prgs-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000575
- JSON: https://secwatch.observer/filing/0001552781-24-000575.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000575.txt

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