AUSTIN, Texas--(BUSINESS WIRE)--The software investment arm of Trilogy Enterprises, one of the largest privately held enterprise software companies in the world, today announced that it has signed a definitive agreement to acquire four Progress Software businesses – Sonic, Savvion, Actional and DXSI. Trilogy will combine the businesses to form the core of a new “best of breed” intelligent business process, application, and data management company. The new company will be called Aurea Software and will be headed by enterprise software industry veteran Scott Brighton. Brighton currently serves as President of Trilogy Enterprises.
“The promise of intelligent business process, application, and data management – and the ability to provide real-time insights on complex business processes across the cloud, mobile, and social – is the most exciting idea to emerge in the business process management space since its inception,” said Scott Brighton, Aurea CEO. “With Aurea, our goal will be to take these market leading, enterprise-class products and place a renewed focus on creating the next generation iBPMS – with a specific emphasis on enabling critical, high-value business processes in key vertical markets.”
Aurea will adopt the Trilogy model of high customer touch. “Our strategy will center around an extraordinary level of customer focus through a program we call 100% Customer Success. Aurea’s customers should expect a marked increase in the level of investment in and attention paid to them. I plan to meet personally with each and every customer over the first six months of the company’s formation,” said Brighton.
“We will inherit a strong and talented team from Progress that will form the core of Aurea, and we will focus on adding critical resources that will drive customer impact across Account Management, Development, Support, and Professional Services,” added Brighton.
Upon formation, Aurea Software will have over 1,500 customers worldwide supported by a global team of 250 people and revenue of approximately $100M. The transaction is subject to customary closing conditions and is expected to be completed in November. Atlas Technology Group acted as financial advisor to Trilogy on this transaction.
About Trilogy Enterprises
Trilogy Enterprises is one of the largest privately held enterprise software companies in the world. With over 10,000 customers across 45 countries, Trilogy is focused on providing software and technology solutions that drive measurable business value for the worlds largest global companies. Trilogy combines a maniacal focus on customer success with world-class enterprise software development capability. For more information, visit www.trilogy.com.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com or 1-781-280-4000.
Actional, DataXtend, Fuse, Progress, Savvion, Shadow and Sonic are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.