Progress Acquires ShareFile to Enhance Cloud Solutions and Collaboration
Progress Acquires ShareFile
Progress (PRGS) has entered into a definitive agreement to acquire ShareFile, the business unit of Cloud Software Group. This strategic acquisition marks a significant milestone for Progress as it aims to enhance its cloud solutions offerings. By integrating ShareFile's capabilities, Progress is poised to improve collaboration tools, leading to increased productivity among teams.
Details of the Acquisition
- Strengthening cloud offerings.
- Focus on enhanced collaboration.
- Commitment to customer-centric innovation.
Impact on the Market
This acquisition is not just about gaining a new product; it's about accelerating progress within the cloud industry. With ShareFile's collaborative tools integrated into Progress's infrastructure, customers can expect more streamlined workflows and a powerful suite of cloud capabilities.
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