In a move to muscle up in the app dev space, platform services provider Progress Software is in the process of acquiring development software vendor Telerik for US$262.5 million.
Mixed news for hardware and some disappointing software vendor financial reports this week appeared to put a dent in confidence in the IT sector.
Software AG is building out its portfolio of CEP (complex-event processing) software with the acquisition of Apama from Progress Software, in the second CEP-related deal this week. Terms of the deal, which was announced Thursday, were not disclosed.
Progress Software CEO Richard Reidy is leaving the company once his successor is found, the middleware vendor said Monday. Reidy is stepping down under mutual agreement with the company's board, according to a statement.
Name: Charles F. Wagner, executive vice president, Finance & Administration, and CFO
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GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.