January 29, 2022


Epicurean computer & technology

Application Developer Progress Buys Chef For $220M

Progress has declared that it will obtain Chef for $220 million, with the transaction to be finalized in October, in accordance to a push release.

Chef performs in furnishing software program to allow businesses automate IT departments.

Progress operates in products and solutions to establish business software program purposes, and Chef will assist by delivering “continuous shipping, application delivery, trustworthy compliance, remediation automation, desktop management and extra,” according to a Chef blog write-up, which also touted the fact that Progress is publicly traded and has much better resources to aid consumers.

Chef will stay unbiased until the offer closes, continuing its common operations until finally then. Right after that, Development will continue on Chef’s functions, the article said.

In a individual weblog post, Progress CEO Yogesh Gupta explained the acquisition is “a step purpose” to support bolster everyone’s functions all at the moment.

“When hunting for businesses to receive, we glimpse for organizations with mission-crucial goods that address real client problems, and then, by dedicating substantive means and a tireless aim on customer results, we make those people prospects even far more productive,” he wrote. “The accomplishment of an acquisition depends on executing a audio go-ahead prepare — one particular that assures higher worth for customers, bigger options for staff and increased sustained price for shareholders. Chef checks all these bins and then some.”

Gupta touted Chef’s qualities in the cloud automation discipline. With constant application and the automation of remediation, Gupta stated the organization would locate by itself in a much better position.

Automation has been the wave of the long term for organizations, specially subsequent the pandemic’s arrival previously this 12 months.

With business operating slower everywhere amid individuals doing work from house, the cloud resolution in certain has proved fruitful, PYMNTS noted, by streamlining, diminished expenses and tailoring functions to companies’ certain business products.

All those products and services have had the outcome of aiding organizations through a time in which funds stream and accessibility to capital are restricted.


NEW PYMNTS Info: HOW WE Shop Analyze – SEPTEMBER 2020

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to have an understanding of how consumers of all ages and incomes are shifting to shopping and having to pay online in the midst of the COVID-19 pandemic. Our analysis builds on a sequence of research performed considering that March, surveying much more than 16,000 people on how their buying behaviors and payments tastes are switching as the disaster continues. This report focuses on our most up-to-date study of 2,163 respondents and examines how their elevated appetite for on-line commerce and digital touchless solutions, this sort of as QR codes, contactless cards and digital wallets, is poised to form the write-up-pandemic economic climate.