Progress builds up developer chops with Telerik buy

The $262 million deal puts Progress in the fast lane of application development

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.

Progress plans to fold Telerik's tools into its developer platform, Progress announced Wednesday.

Telerik will bring to Progress a sizable user base of over 1.4 million developers. The company's revenue over the past year has been $60 million, and it is currently increasing its business by more than 20 percent.

Telerik sells a suite of user interface development tools and application life cycle management products. The company supports a variety of languages, including Microsoft .NET, Java, JavaScript and Node.js, and Progress' OpenEdge Advanced Business Language.

"Telerik has built a strong name for itself in the software components space, mostly around the Microsoft ecosystem, but the company has been busy expanding into other areas like mobile development, testing services and the Sitefinity content management system/portal technology that is fairly popular with developers," wrote Al Hilwa, IDC program director for software development research, in an email.

The two companies have a highly complementary set of technologies, according to Progress. Progress' OpenEdge platform runs online applications on behalf of more than 4 million users and 47,000 businesses.

The acquisition will help put Progress into faster growing areas in the application development space, Hilwa noted. "We will have to see if the combined company can keep executing at the same level in terms of growth as the independent Telerik has been," he wrote.

Progress is planning on completing the acquisition in December.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesDevelopment toolsapplication developmentsoftwareProgress SoftwareMergers and acquisitions

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?