Progress Acquires DataRPM For Cognitive Business Software

4/11/17

Quick Take

Business software firm Progress (PRGS) has completed the acquisition of DataRPM for $30 million total consideration.

DataRPM has developed predictive, machine learning technologies that help industrial IoT (Internet of Things) companies create applications more efficiently.

The purchase price appears reasonable and assuming quick integration of the technology, should result in a more robust product offering to the Industrial IoT market.

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