Progress snags software automation platform Chef for $220M
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Re: Progress snags software automation platform Chef for $220M
#2Does anyone from Progress or Chef know how this will impact anything?
On that note, does anyone from Cinc know if this will have any impact on that project?
I’ve been speaking to a friend who works at one of these companies and they had no idea this was happening.
Re: Progress snags software automation platform Chef for $220M
#3This is a strikingly low price for a company I had thought of as very successful in its space.
Re: Progress snags software automation platform Chef for $220M
#4This is a strikingly low price for a company I had thought of as very successful in its space.
Containerization reduced the value proposition of configuration management.
Re: Progress snags software automation platform Chef for $220M
#5Does anyone from Progress or Chef know how this will impact anything? On that note, does anyone from Cinc know if this will have any impact on that project? I’ve been speaking to a friend who works at one of these companies and they had no idea this was happening.
Current Chef employee here. Progress has stated they expect to continue to support the Chef Open Source commitment, so Cinc should be business as usual.
Side note: As the Progress is publicly traded, there were some super strict guidelines around who could know about the transaction and when. From what I understand, pretty much no one could know, primarily because of the risk of insider trading.
Re: Progress snags software automation platform Chef for $220M
#6This is a strikingly low price for a company I had thought of as very successful in its space.
The article says that they've got $70MM in revenue, and yet they only went for 3x that amount?