Progress Expects ShareFile Acquisition To Add More Than $240M In Annual Revenue And More Than 86,000 Customers
Portfolio Pulse from Benzinga Newsdesk
Progress Software anticipates that its acquisition of ShareFile will contribute over $240 million in annual revenue and add more than 86,000 customers.
September 09, 2024 | 10:14 am
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Progress Software's acquisition of ShareFile is projected to significantly enhance its revenue by over $240 million annually and expand its customer base by more than 86,000.
The acquisition of ShareFile is a strategic move for Progress Software, expected to substantially increase its revenue and customer base. This positive financial impact is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100