Progress Software Corporation is acquiring Savvion, a privately held business enterprise software company based in Santa Clara, California, for about $49 million, net of cash acquired. Savvion is a provider of Business Process Management (BPM) technology with 15 years of market experience. More than 300 of the world’s top-performing companies - including 24 of the ‘Fortune 100' use Savvion’s BPM suite to automate and enhance their critical business processes.

In Progress' press release, President of Progress Rick Reidy stated, "We believe that achieving operational responsiveness has become a business imperative, enabling businesses to achieve the highest level of operational performance. Our acquisition of Savvion enhances our goal to provide unprecedented business visibility, responsiveness and business process improvement, coupled with the highest degree of data integrity and integration."

Learn more about the acquisition now!