We are thrilled to share the news that Progress Software (Nasdaq: PRGS) today announced the acquisition of Rollbase.
Progress is a leader in application development, with technologies used by nearly 140,000 organizations in more than 180 countries. The acquisition is a significant validation for us in every way, and we're very excited about Rollbase's future as part of Progress. We are tremendously grateful to all of the customers and colleagues who made this possible.
This acquisition will empower us to accelerate product development and scale the Rollbase platform far beyond where we are today. As part of Progress, the combined product portfolio will provide a broad, powerful and unique platform-as-a-service (PaaS) offering that enables the rapid development of applications driven by data and unlimited by device or cloud. The product fit and the market opportunity with Progress are remarkable. We are very excited about this acquisition, as it is fully aligned with our original vision for Rollbase and