TMCnet News
Progress Software acquires Corticon TechnologiesDec 05, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Progress Software Corp., a provider of application infrastructure software, has acquired Corticon Technologies, Inc. Both the companies are based in the US. Corticon is Business Rules Management System (BRMS) vendor that enables organizations to make better, faster decisions by automating business rules. Announcement (October 27, 2011): Progress Software is planning to acquire a developer of business application software. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2011-12-05 Deal Participants Target (Company) Corticon Technologies, Inc. Acquirer (Company) Progress Software Corporation Deal Rationale The acquisition of Corticon reinforces Progress' commitment to deliver operational responsiveness by helping customers build agile, responsive business systems with models and tools that maximize simplicity and accelerate time-to-value. The Corticon Business Rules system is a perfect complement to the Progress RPM(R) suite. |