January 12, 2010 – Middleware provider Progress Software announced the acquisition of business process management suite vendor Savvion Inc. yesterday for $49 million, net of cash acquired.
The combination of Progress Software’s business event processing, business transaction assurance and integration portfolio, and Savvion’s BPM suite is expected to help customers gain a level of operational responsiveness that is a new imperative for business and IT, according to the company release.
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