We are excited to announce that Chef has signed a definitive agreement to be acquired by Progress. We expect the transaction to be finalized over the next 30 days or so and, once completed, Chef will become an integral part of Progress.
Progress is a trusted provider of some of the best products to develop, deploy and manage high-impact business applications. Chef will bolster that position by providing continuous delivery, application delivery, dependable compliance, remediation automation, desktop management and more. You, our customers and community, will benefit from working with an established, publicly traded company with significantly greater resources that will provide extensive support for our open source projects and product roadmap.
Until the deal closes, Chef will remain independent and continue its normal business operations. Once the deal is complete, Progress will be focused on continuing and executing on Chef’s business model and product roadmaps and supporting your business and our combined communities. Our unwavering commitment to your success will continue and remains a top priority, as Chef enters this new phase as part of the global Progress Software family.
We look forward to the opportunities that lie ahead and to the benefits the acquisition will provide.
For more information on the transaction, please see this great post from Progress CEO Yogesh Gupta.
Chief Executive Officer, Chef