Progress Software, the Bedford, MA-based enterprise software infrastructure firm, is buying the Bulgarian UI framework and app development tools outfit Telerik for $262.5 million, to help its customers make nicer user interfaces for their cloud and on-premise apps. Telerik is used by 1.4 million developers, including those at 450 of the Fortune 500 companies – founded in 2002, it started with a focus on Microsoft’s .NET platform before expanding to other platforms under the name “Kendo UI” (it consolidated its brands last year.) According to Progress CEO Phil Pead, the acquisition will make his company “a destination site for the largest developer population on the planet – ABL, .NET, Java, JavaScript, Node.js and mobile.”
Related Research

Tough Threat Landscape Demands Better Data Protection for Hybrid Cloud
The number of businesses migrating to the cloud is constantly growing. Hybrid cloud is now considered a standard approach by organizations of…
Read More
Secure Insight: GigaOm Partners with the CISO Series
Don’t look now, but GigaOm, the analyst firm that enables smart businesses to future-proof their decisions, is forging new partnerships to extend…
Read More
The Time is Now for Edge Experimentation
What is an edge platform? In a recent report, GigaOm Radar for Edge Platforms, Analyst Chris Grundemann says the term itself remains…
Read More
Data Storage Acceleration
Flash memory is now the standard for storing active data in the data center. NVMe and NVMe over Fiber (NVMe-oF) are on…
Read More
Unstructured Data and the Challenge of Modern Data Management
Data volumes continue to skyrocket and businesses keep working to harness that data for analytics and intelligence, driving innovation and improving business…
Read More
IT Imperative: Performance Testing Tools
Inside the GigaOm Key Criteria ReportAny IT leader worth their salt wants to ensure that applications meet their required service levels and…
Read More