Progress Buys DataRPM for $30M to Build Business Apps

• 4.4.2017

Progress Software, the leading provider of application development and deployment technologies, announced it has completed a $30 million acquisition of DataRPM, a privately held company and leader in cognitive predictive maintenance for the industrial IoT (IIoT) market. This acquisition is a key part of the Progress strategy to provide the best platform to build and deliver cognitive-first applications.

The WilmerHale deal team representing Progress Software was led by Hal Leibowitz and included Jeff Hermanson, Meghan Walsh, Julie Hogan Rodgers, Scott Kilgore, Jeff Johnson and Mark Nylen.

Read Progress Software's press release for more information.