7 months ago
48
- Last updated September 11, 2024
- In AI News
ShareFile’s integration into Progress’s Digital Experience portfolio will empower organizations to streamline secure document sharing and enhance client and team collaboration.
AI infrastructure software provider, Progress announced the acquisition of ShareFile, a cloud-based document centric collaboration platform for $875 million today.
The acquisition of ShareFile, which is a business unit of Cloud Software Group brings substantial value to Progress, contributing over $240 million in annual revenue and a customer base of more than 86,000 aligning Progress’s Total Growth Strategy, bolstering its enterprise software portfolio.
“ShareFile’s integration into our Digital Experience portfolio will empower organizations to streamline secure document sharing and enhance client and team collaboration,” said Yogesh Gupta, CEO of Progress. “This acquisition aligns with our commitment to providing businesses with the tools they need to succeed in today’s competitive landscape.”
Progress’s existing suite of AI software solutions will be complemented by ShareFile’s AI document collaboration tools, client portals, secure file sharing and eSignature functionalities. This expanded offering will aim to empower businesses to improve efficiency, enhance security and deliver exceptional customer experiences.
“We are excited to join forces with Progress and leverage their expertise to further strengthen ShareFile’s position as a leading provider of secure content collaboration solutions,” said Thomas Krause, CEO of Cloud Software Group. “This acquisition will benefit our customers by providing them with access to a broader range of innovative tools and resources.”
The company continues to seek out businesses that complement its existing offerings, possess a strong customer base and shares its dedication to delivering exceptional value.
Tanisha Bhattacharjee
Journalist with a passion for art, technological development and travel. Discovering the dynamic world of AI, one article at a time.
Association of Data Scientists
Tailored Generative AI Training for Your Team
Upcoming Large format Conference
Sep 25-27, 2024 | 📍 Bangalore, India
Download the easiest way to
stay informed
Subscribe to The Belamy: Our Weekly Newsletter
Biggest AI stories, delivered to your inbox every week.
Rising 2024 | DE&I in Tech Summit
April 4 and 5, 2024 | 📍 Hilton Convention Center, Manyata Tech Park, Bangalore
Data Engineering Summit 2024
May 30 and 31, 2024 | 📍 Bangalore, India
26 July 2024 | 583 Park Avenue, New York
MachineCon GCC Summit 2024
June 28 2024 | 📍Bangalore, India
Nov 21-22 2024 | 📍Santa Clara Convention Center, California, USA
September 25-27, 2024 | 📍Bangalore, India
Our Discord Community for AI Ecosystem, In collaboration with NVIDIA.
World's Biggest Media & Analyst firm specializing in AI
AIM publishes every day, and we believe in quality over quantity, honesty over spin. We offer a wide variety of branding and targeting options to make it easy for you to propagate your brand.
AIM Brand Solutions, a marketing division within AIM, specializes in creating diverse content such as documentaries, public artworks, podcasts, videos, articles, and more to effectively tell compelling stories.
ADaSci Corporate training program on Generative AI provides a unique opportunity to empower, retain and advance your talent
With MachineHack you can not only find qualified developers with hiring challenges but can also engage the developer community and your internal workforce by hosting hackathons.
Conduct Customized Online Assessments on our Powerful Cloud-based Platform, Secured with Best-in-class Proctoring
AIM Research produces a series of annual reports on AI & Data Science covering every aspect of the industry. Request Customised Reports & AIM Surveys for a study on topics of your interest.
Immerse yourself in AI and business conferences tailored to your role, designed to elevate your performance and empower you to accomplish your organization’s vital objectives.
© Analytics India Magazine Pvt Ltd & AIM Media House LLC 2024
