Progress Software Acquires Savvion


The BPM acquisition trail continues in earnest.

ORLANDO, Fla.–(BUSINESS WIRE)–Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive announced today at its Global Field Operations Conference the acquisition of Savvion Inc., a privately held business enterprise software company based in Santa Clara, California, for approximately $49 million, net of cash acquired.

Read the press release here.

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