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United States

Progress Software Corp (PRGS.O)

PRGS.O on Nasdaq

32.52USD
18 Aug 2017
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Wed, Aug 2 2017

BRIEF-Praesidium says met with Progress Software board to discuss ideas to "enhance shareholder value‍"

* Praesidium Investment Management-on July 31, met with Progress Software board to discuss ideas for board to consider ways to "enhance shareholder value‍"

BRIEF-Progress acquires Kinvey for $49 million in cash

* Progress acquires Kinvey, the leader in backend as a service (baas) technology

BRIEF-Progress reports 2017 fiscal first quarter results

* Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S

BRIEF-Progress acquires DataRPM, the best-of-breed machine learning company focused on cognitive predictive maintenance

* Progress acquires DataRPM, the best-of-breed machine learning company focused on cognitive predictive maintenance

BRIEF-Praesidium Investment Management expects to continue to engage in communications with Progress Software's officers, board concerning specific initiatives

* Praesidium Investment Management Co-expects to continue to engage in communications with Progress Software's officers, board concerning specific initiatives, including strategic acquisitions Source text: [http://bit.ly/2oimddR] Further company coverage:

BRIEF-Progress appoints Paul Jalbert as chief financial officer

* Progress announces appointment of Paul Jalbert as chief financial officer

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