This acquisition underscores a culture shift for Progress, which primarily offered proprietary technology solutions in the past. Progress has long been known for its OpenEdge development tools and for its revenue-sharing business model. Over the past few years, Progress has divested many of the technologies the company acquired in its expansion phase and now has recommitted itself to data and development tools. Progress has now complemented their in-house technologies with an acquired Open Source solution that targets Digital Business transformation. This latest acquisition, Modulus, reaffirms the Progress commitment to Cloud development tools and embraces a very different developer community.
This blog was originally published on Saugatuck's Lens360 blog on June 9, 2014. Published with permission.