Progress acquires SOA vendor Mindreef

Tue. July 01, 2008; Posted: 05:12 AM

Jul 01, 2008 (Datamonitor via COMTEX) -- PRGS | Quote | Chart | News | PowerRating -- Progress Software has acquired for an undisclosed sum New Hampshire-based service-oriented architecture tools vendor Mindreef.

Mindreef will adopt Progress's name while retaining the product names for most of its products. Mindreef offerings include SOAPscope brand of products, which enable analysts, architects, application developers, and testers to collaborate in building, deploying, and maintaining SOA software.

Progress said it will gain access to more than 3,000 of Mindreef's customers at more than 1,200 organizations worldwide.

Progress recently acquired Irish software integration firm Iona Technologies for $162m.

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For full details on Progress Software Corp (PRGS) click here. Progress Software Corp (PRGS) has Short Term PowerRatings of 5. Details on Progress Software Corp (PRGS) Short Term PowerRatings is available at This Link.

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