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.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access