One reason Progress Software isnt as well-known as might be expected for a nearly 40-year-old publicly traded company valued at almost $1.7 billion is that its tools largely go to market as embedded components of some 1,700 other software developers.
That indirect distribution channel, which reaches about a 100,000 end-customers, could prove a major boon for Chef, the DevOps pioneer that Progress agreed to acquire Tuesday for $220 million.
We like to say were the largest software vendor that derives the majority of revenue from other software companies, Rob Lauer, Progress Softwares senior manager for developer relations, told CRN. We will see some natural synergies in those ISVs with Chef.
[Related: The 10 Hottest DevOps Startups Of 2020 (So Far)]
Progress, based in Bedford, Mass., said it expects to close the all-cash deal for Seattle-based Chef by October 2020, subject to regulatory approvals and other closing conditions.
Like Progress app development tools, DevOps tools like Chef Habitat are a good fit to be sold as OEM components through those 1,700 vendors, which include industry stalwarts like IBM and Microsoft, Chef CTO Corey Scobie told CRN.
Definitely there are opportunities going forward to ramp up our ability to deliver products as a more indirect distribution, Scobie said.
That go-to-market synergy with its soon-to-be parent will take Chef, a $70 million revenue company with 300 enterprises customers, and 1,000 total, to entirely new heights, he said.
Progress, founded in 1981, sells several popular app development tools that enable critical business applications, but the companys portfolio is mostly bare on the operations side.
Progress has the capability to power the AppDev side of the equation, but its becoming more important for their customers to enable the streamlined ways to power the ops side, Scobie said.
With Chef, we have this opportunity to add to our portfolio in a meaningful way, in a new segment that adds to an existing customer base, Lauer added. Inorganic growth of that sort is consistent with Progress Softwares long history of strategic acquisitions to expand its product line and market reach.
Chef, founded in 2008, was among the first software companies to offer automated IT configuration managementoften referred to as infrastructure-as-codein the early days of the DevOps movement. More recently, the company has expanded into application automation and deployment, as well as security and compliance technologies that enable DevSecOps methodologies.
Those products are complementary to Progress portfolio of tooling to enable software development, testing and deployment, Lauer said.
And Chefs approach to market also dovetails nicely with Progress open source story.
Progress is committed to embracing and supporting the open source community around Chefs technology, which has seen more than 40 million downloads, Lauer said.
Earlier this year, Chef introduced its first channel program, and the synergies with Progress will substantially benefit those partners, said Dale Foster, CEO of Climb Channel Solutions, a channel distributor for both Progress Software and Chef headquartered in Eatontown, NJ.
The deal marries great dev-focused technologies from Progress with market-leading ops capabilities and promises to really move our customers DevOps capabilities forward in ways that neither company could have done alone, Foster told CRN.
Progress Softwares R&D and go-to-market machinery will give Chef a massive boost in its ability to innovate and expand into global markets, Foster said.
We are longtime partners of both companies and are really excited for the possibilities introduced by the acquisition, he said.
Read this article:
- No Rest For the Wicked | Review In Progress - XboxEra - April 27th, 2024 [April 27th, 2024]
- Maine made progress in wages and productivity, but still faces shrinking labor force - Press Herald - April 27th, 2024 [April 27th, 2024]
- The Progress Report: How 4 Schools Are Teaching Kids to Read and Seeing Success - Voice of San Diego - April 27th, 2024 [April 27th, 2024]
- PROGRESS MADE IN COLE REHAB? - Bleeding Yankee Blue - April 27th, 2024 [April 27th, 2024]
- Pollution or Progress? What's Next for LNG Development in the Rio Grande Valley - Progress Texas - April 27th, 2024 [April 27th, 2024]
- Lykos Therapeutics Makes Progress in Europe - The Dales Report - April 27th, 2024 [April 27th, 2024]
- Adelaide Film Fest Picks Five Works in Progress for Cannes Showcase, With Giant, Drafthouses Mockbuster Making the Cut (EXCLUSIVE) - Variety - April 27th, 2024 [April 27th, 2024]
- Washington says real progress needed before restoring UNRWA funding - The Times of Israel - April 27th, 2024 [April 27th, 2024]
- LIGA Provides Further Guidance: Engages Audit Firm and Making Progress in Search for CEO and Management Team - Yahoo Finance - April 27th, 2024 [April 27th, 2024]
- Forest Health Council Reports Progress Toward Community Wildfire Resiliency-Greg Felt Talks Wildfire Mitigation with ... - Heart of the Rockies Radio - April 27th, 2024 [April 27th, 2024]
- Football notes: Robert Livingston pleased with progress of CU Buffs defense - BuffZone - April 27th, 2024 [April 27th, 2024]
- Spencer Hospital Emergency Department Project Continuing to Progress - KICD - April 27th, 2024 [April 27th, 2024]
- Proof-of-Concept Exploit Released for Progress Software OpenEdge Vulnerability - The Hacker News - March 16th, 2024 [March 16th, 2024]
- Progress being made on fire alarms, Oswego town supervisor says - oswegocountynewsnow.com - March 16th, 2024 [March 16th, 2024]
- Progress on the Boyertown Express featured at Dinner - Berks Weekly - March 16th, 2024 [March 16th, 2024]
- Fire Crews Stop Forward Progress of Two-Acre Brush Fire Near Vandenberg - Santa Barbara Edhat - March 16th, 2024 [March 16th, 2024]
- Hopewell plans to install speed cameras at three city schools - Progress Index - March 16th, 2024 [March 16th, 2024]
- New numbers on progress of penny sales tax - The Post and Courier - March 16th, 2024 [March 16th, 2024]
- Long Island woman who survived acid attack continues to make progress in recovery - PIX11 New York News - March 16th, 2024 [March 16th, 2024]
- Beam marks progress toward bringing 1st-ever MLS team to San Diego - NBC San Diego - March 16th, 2024 [March 16th, 2024]
- McKone: Irish-American progress and paradoxes | Perspective | timesargus.com - Barre Montpelier Times Argus - March 16th, 2024 [March 16th, 2024]
- Big East reportedly making a lot of progress on media rights deals with CBS, Fox - Awful Announcing - March 16th, 2024 [March 16th, 2024]
- Berrien County farmers note slow progress on the new Farm Bill - News/Talk/Sports 94.9 WSJM - March 16th, 2024 [March 16th, 2024]
- END OF SESSION: Sen. Crider and Rep. Cherry reflect on progress made during the legislative session - Greenfield Daily Reporter - March 16th, 2024 [March 16th, 2024]
- Vowles being patient with Sargeant but expects to see "progress" - RaceFans - March 16th, 2024 [March 16th, 2024]
- Inflation ticked up in February, reversing some prior progress - ABC News - March 16th, 2024 [March 16th, 2024]
- Latest NEOM progress video of The Line is indicator of scale - Supercar Blondie - March 16th, 2024 [March 16th, 2024]
- Statewide Impact of Ohio Intel ProjectEvident in Initial Progress Report - Scioto Post - March 16th, 2024 [March 16th, 2024]
- SpaceX makes significant progress with third Starship orbital test flight - TechCrunch - March 16th, 2024 [March 16th, 2024]
- UPDATE: Forward progress stopped on vegetation fire near Lompoc - KSBY News - March 16th, 2024 [March 16th, 2024]
- Lady Rattlers and Diamondbacks ready to roll - Progresstimes - March 16th, 2024 [March 16th, 2024]
- SpaceX celebrates major progress on the third flight of Starship - Ars Technica - March 16th, 2024 [March 16th, 2024]
- Helldivers 2 Galactic War live map: Track status and progress with this Liberty-approved web app - Windows Central - March 16th, 2024 [March 16th, 2024]
- Pittsburgh police will only respond to calls of in-progress emergencies as part of new staffing plan - Police News - March 16th, 2024 [March 16th, 2024]
- A year of achievement, rebuilding and progress for utilities - Yoursun.com - March 16th, 2024 [March 16th, 2024]
- Trkiye: No Direct Dialogue with Damascus, No Progress in Normalization - Asharq Al-awsat - English - March 16th, 2024 [March 16th, 2024]
- A WORK IN PROGRESS | News | shelbynews.com - Shelbynews - March 16th, 2024 [March 16th, 2024]
- From recurrent networks to GPT-4: Measuring algorithmic progress in language models - Tech Xplore - March 16th, 2024 [March 16th, 2024]
- U.S. Inability To Address Nuclear Waste Harms Environmental Progress - Newsweek - March 16th, 2024 [March 16th, 2024]
- Park Progress - Greater Wilmington Business Journal - March 16th, 2024 [March 16th, 2024]
- SF supervisor to hold hearing on homeless-shelter progress | Housing | sfexaminer.com - San Francisco Examiner - March 16th, 2024 [March 16th, 2024]
- 'It's good to see progress being made on the site': Revised vision for Liberty Theater property in Libertyville - Daily Herald - March 16th, 2024 [March 16th, 2024]
- Diversity Among Emmy Winners Is a Result of Industry Progress - TheWrap - January 18th, 2024 [January 18th, 2024]
- What would Dr. King say about progress and 2024? - The Chicago Cusader - January 18th, 2024 [January 18th, 2024]
- Police: Petersburg woman reportedly used hammer to hit her boyfriend - Progress Index - January 18th, 2024 [January 18th, 2024]
- Spokane County crews make great progress ahead of another storm system - AOL - January 18th, 2024 [January 18th, 2024]
- Lady Tigers Split Last Weeks Game's Lexington Progress - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- Lexington Police Investigate Shooting at Walmart Lexington Progress - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- Scotts Hill Lions Dominated Last Week Lexington Progress - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- Older Couple Rescued From Submerged Vehicle Lexington Progress - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- Fore-ward Progress | Bintelli's new River Ridge facility to focus on making electric golf carts - WDRB - January 18th, 2024 [January 18th, 2024]
- VIDEO: Project manager gives update on Glenn McConnell Widening progress - Live 5 News WCSC - January 18th, 2024 [January 18th, 2024]
- Truck driver sentenced for trafficking cocaine to Prince George County - Progress Index - January 18th, 2024 [January 18th, 2024]
- After decades of little progress, Milwaukee begins new approach to improve lives of Black men and boys - madison365.com - January 18th, 2024 [January 18th, 2024]
- Women are bored of waiting: Slow progress on shattering the glass ceiling on company boards - I by IMD - I by IMD - January 18th, 2024 [January 18th, 2024]
- Now Accepting Applications for the 2024 Progress Software Mary Szkely Scholarship for Women in STEM - GlobeNewswire - January 18th, 2024 [January 18th, 2024]
- "Some progress made" at Onslow BOE meeting, according to number of parents - WCTI12.com - January 18th, 2024 [January 18th, 2024]
- Spokane County crews make great progress ahead of another storm system - Nonstop Local - January 18th, 2024 [January 18th, 2024]
- DeSantis took credit for Florida's progress but Iowa may have sniffed out his bravado | Opinion - Yahoo News Canada - January 18th, 2024 [January 18th, 2024]
- Has the Israeli Military Made Progress in Its Goal of Destroying Hamas? : State of the World from NPR - NPR - January 18th, 2024 [January 18th, 2024]
- Jan. 19 Panel Examines 30-Year Progress of Women in Research - Mirage News - January 18th, 2024 [January 18th, 2024]
- Ducks' Midseason Check-in: Progress, Improvement Areas & More - The Hockey Writers - January 18th, 2024 [January 18th, 2024]
- Companies are hiding their climate progress. A new report explains why. - Grist - January 18th, 2024 [January 18th, 2024]
- Lou Leonatti With Progress Mexico Gives Hospital Bankruptcy Hearing Update On AM 1340 KXEO Am I Awake Morning Show - KXEO - January 18th, 2024 [January 18th, 2024]
- Seaside Heights Wants to See Progress From Developers, Will Investigate 'Bamboo' Property - Shorebeat - January 18th, 2024 [January 18th, 2024]
- Progress over perfection: Is Coach modelling a path for fashion transformation? - Vogue Business - January 18th, 2024 [January 18th, 2024]
- Watch the video of the Edmonds armed robbery in progress - MyNorthwest - January 18th, 2024 [January 18th, 2024]
- Albemarle County house burns to the ground in late night fire - The Daily Progress - January 18th, 2024 [January 18th, 2024]
- GHDDI and Microsoft Research use AI technology to achieve significant progress in discovering new drugs to treat ... - Microsoft - January 18th, 2024 [January 18th, 2024]
- Henderson County Suspects Apprehended in Trenton Lexington Progress - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- HCFD Reports Lowest Number of Residential Fires - lexingtonprogress.com - January 18th, 2024 [January 18th, 2024]
- Unlocking The Future: CAGA's Progress In Web3 And Blockchain Innovation - Benzinga - January 18th, 2024 [January 18th, 2024]
- Underwhelming performance: Quarterbacks still a work in progress - Daily O'Collegian - September 3rd, 2023 [September 3rd, 2023]
- Governor Hochul Announces Progress in Increasing MTA Accessibility - ny.gov - September 3rd, 2023 [September 3rd, 2023]
- A progress report: The columnist's garden in September - Kennebec Journal and Morning Sentinel - September 3rd, 2023 [September 3rd, 2023]
- September 2023: Innovative researchers celebrate scientific ... - Environmental Factor Newsletter - September 3rd, 2023 [September 3rd, 2023]
- Progress over perfectionism - Lynn University - September 3rd, 2023 [September 3rd, 2023]
- Signs of progress on new Folsom Medical Office Building - UC Davis Health - September 3rd, 2023 [September 3rd, 2023]
- LA District FUDS team makes progress on Nellis Remedial Action ... - spl.usace.army.mil - September 3rd, 2023 [September 3rd, 2023]
- UFC Fight Night 226 winner Volkan Oezdemir pleased with progress after training with Khamzat Chimaev - Yahoo Sports - September 3rd, 2023 [September 3rd, 2023]