Progress Software Expands with ShareFile Acquisition

The latest update is out from Progress Software ( (PRGS) ).

Progress Software Corporation has successfully acquired ShareFile from Cloud Software Group for $875 million, enhancing its AI-powered document-centric collaboration platform. This acquisition aligns with Progress’ Total Growth Strategy and is expected to add over $240 million in annual revenue and expand its customer base by 86,000. The move strengthens Progress’ product portfolio, particularly in business and professional services, financial services, industrial, and healthcare sectors, promising improved client collaboration and document sharing.

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