|
|
News Breaks | | | | October 18, 2012 | | 08:48 EDT |  | PRGS | Progress Software sells four non-core product lines to Trilogy Enterprises
Progress Software has signed a definitive agreement to sell its Sonic, Savvion, Actional and DataXtend product lines to the investment arm of Trilogy Enterprises, one of the largest privately held enterprise software companies in the world. The terms of the transaction were not disclosed. The transaction is expected to be completed in November. Upon completion, ObjectStore and Orbix will be the only product lines remaining to be divested. Taken together, the total sales price for all divested products and products under agreement to be divested to date is approximately $114M. | |
|
News For PRGS From The Last 14 Days Check below for free stories on PRGS the last two weeks. |
|
|
| There are no results for PRGS |
|
|
|
|
|
|
