secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001552781-24-000575
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000155278124000575/0001552781-24-000575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000155278124000575/e24427_prgs-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer