Progress Software Corporation has announced that it has entered into a definitive agreement to acquire privately held Telerik AD for $262.5 million. Telerik enables its 1.4 million strong developer community to create compelling user experiences across cloud, web, mobile and desktop applications.
Telerik is the supplier of the TeamPulse Agile project management tool that allows you to use Scrum, Kanban or your own process. Telerik’s revenue for the last twelve months was over $60 million, with annual bookings growth of over 20%. The combination of Progress and Telerik will create a ...
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