Progress Acquires Mindreef

7/1/08

Bedford, MA-based Progress Software, which makes software that allows companies to tie legacy business applications together into so-called service oriented architectures (SOA), said yesterday that it has acquired smaller competitor Mindreef. The Hollis, NH-based company, which makes software for building, testing, and maintaining SOA systems, had raised $4 million in a 2003 venture funding round led by Kodiak Venture Partners and will operate as a separate product unit of Progress.  The terms of the deal were not disclosed.

Wade Roush is a contributing editor at Xconomy. Follow @

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