Progress Software Buys Mindreef

Progress Software Corp. (Nasdaq: PRGS) has acquired Mindreef Inc., a Hollis, N.H.-based provider of SOA quality solutions. No financial terms were disclosed. Mindreef had raised a $4 million round in 2003 led by Kodiak Venture Partners.



Progress Software Corporation (NASDAQ: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications today announced the completion of the acquisition of privately-owned Mindreef, Inc., the SOA Quality Company. Mindreef develops and markets the award-winning Mindreef