Progress Software (PRGS) Completes Acquisition of Mindreef

June 30, 2008 8:28 AM EDT

Progress Software Corporation (NASDAQ: PRGS) today announced the completion of the acquisition of privately-owned Mindreef, Inc.

Mindreef develops and markets the award-winning Mindreef(R) SOAPscope(R) products, which enable different IT users such as business analysts, system architects, application developers, testers, operations and support staff to build, deploy, and maintain better software at each phase of an SOA, Web service or composite application development lifecycle. With the combination of Actional and SOAPscope, Progress is the first and only company to address the entire SOA lifecycle with best-in-class SOA quality and validation capabilities and industry-leading runtime governance capabilities, ensuring the success of SOA deployments.

Progress Software Corporation offers software and services for the development, deployment, integration, and management of business applications software worldwide.


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