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Progress Software to Acquire Telerik for $263M

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Re: Progress Software to Acquire Telerik for $263M

#31

The rumors in Sofia were that the company was going downhill. This seems to confirm it. I really tried to like their products. Didn't managed. And they flooded the market with half trained "developers" from their academy.

And how exactly is 263M for 10 years "going downhill"?

Re: Progress Software to Acquire Telerik for $263M

#32
post #29

Hmmmm, apparently I'm the only one here with a positive experience. I've used their Windows Phone and Windows 8 components and I really really like them. They are much, much faster than their opensource counterparts, they are very flexible and advanced and Telerik's support is great. I always get answers within 24 hours, and they often provide a complete solution/project with samples.

You are not the only one. People tend to share the negative stuff first though. No company like Telerik can reach this state without a value given to their customers.

Re: Progress Software to Acquire Telerik for $263M

#33
post #31

The rumors in Sofia were that the company was going downhill. This seems to confirm it. I really tried to like their products. Didn't managed. And they flooded the market with half trained "developers" from their academy.

And how exactly is 263M for 10 years "going downhill"?

Every large number sounds impressive, don't get yourself caught in that mind-trap. Divide the number by their employees, check earnings/winnings, subtract investments, compare to other companies and draw your conclusions again.

If I make $1000000/year, that's great. But if it takes me 1000 people to do it, that's less than $100 per person per month.

Re: Progress Software to Acquire Telerik for $263M

#35
post #4

This is a fascinating move for Progress Software, who seem to have managed decades of survival through the onslaught of SQL and MySQL/Postgres cutting into their market .. and so to see them acquiring Telerik now is really interesting. Progress were, once, one of the major players in the database space (and still are in many vertical markets) so it could really be an interesting development to see them rise again. Co…

They survive because of vendor lockin, too many companies have years or decades of work in to using that system and it would be far too costly to move. If your starting a project from scratch today you are not using progress, Legacy is their only business. They know it, which is why they are buying up companies like this.

Bingo! I came across Progress first time this week in a different context (Indian startup scene) - they portray themselves as incubators here (https://www.progress.com/incubator). Have a fancy application system et al.. even stress how they don't take any equity.

Turns out in lieu of essentially a deskspace and maybe wifi they mandate the incubated startups to use their Cloud platform products - aha lockin! This is how shitty enterprises survive. When they can't find new customers, they come to India and tomtom around as evangelists & incubators and other $100 words in self-description.

Re: Progress Software to Acquire Telerik for $263M

#36
post #31

The rumors in Sofia were that the company was going downhill. This seems to confirm it. I really tried to like their products. Didn't managed. And they flooded the market with half trained "developers" from their academy.

And how exactly is 263M for 10 years "going downhill"?

Its called aquihire. Its also one seventh tumblr and rounding error of whatsapp.

Re: Progress Software to Acquire Telerik for $263M

#37
post #4

This is a fascinating move for Progress Software, who seem to have managed decades of survival through the onslaught of SQL and MySQL/Postgres cutting into their market .. and so to see them acquiring Telerik now is really interesting. Progress were, once, one of the major players in the database space (and still are in many vertical markets) so it could really be an interesting development to see them rise again. Co…

I remember using the Progress database, 4GL and all, and it was a painful experience.

I remember being very surprised that in mid-2000's, it didn't automatically optimize a query like "A>B and X=Y". It ended up running A>B first, which pulled in most of a huge table, instead of running X=Y, which was much narrower. I thought it was a basic query optimization heuristic to prioritize equality constraints, so I thought it was unacceptable for an enterprise SQL database in mid-2000's to not have that.

Re: Progress Software to Acquire Telerik for $263M

#38
post #4

This is a fascinating move for Progress Software, who seem to have managed decades of survival through the onslaught of SQL and MySQL/Postgres cutting into their market .. and so to see them acquiring Telerik now is really interesting. Progress were, once, one of the major players in the database space (and still are in many vertical markets) so it could really be an interesting development to see them rise again. Co…

I remember using the Progress database, 4GL and all, and it was a painful experience. I remember being very surprised that in mid-2000's, it didn't automatically optimize a query like "A>B and X=Y". It ended up running A>B first, which pulled in most of a huge table, instead of running X=Y, which was much narrower. I thought it was a basic query optimization heuristic to prioritize equality constraints, so I thought…

I think in Progress' 4GL, you basically had 'the power' to use ()'s to hint at your preference. I dunno though, been a looooong time (1989) since I wrote any Progress 4GL code. Been mostly a MySQL/PostgreSQL user since then, although I confess to being more inclined to NoSQL these days .. :)

Re: Progress Software to Acquire Telerik for $263M

#39

Earlier quoted context omitted.

They survive because of vendor lockin, too many companies have years or decades of work in to using that system and it would be far too costly to move. If your starting a project from scratch today you are not using progress, Legacy is their only business. They know it, which is why they are buying up companies like this.

Bingo! I came across Progress first time this week in a different context (Indian startup scene) - they portray themselves as incubators here ( https://www.progress.com/incubator ). Have a fancy application system et al.. even stress how they don't take any equity. Turns out in lieu of essentially a deskspace and maybe wifi they mandate the incubated startups to use their Cloud platform products - aha lockin! This is…

Well, to be fair, Progress has had traction in India as an application environment for decades now, so it only makes sense that there be an iCloud'ification of their whole product line - all the cool kids are doing it..

Re: Progress Software to Acquire Telerik for $263M

#40
post #31

Earlier quoted context omitted.

And how exactly is 263M for 10 years "going downhill"?

Its called aquihire. Its also one seventh tumblr and rounding error of whatsapp.

Which prove what kind of value? Oh wait, I know. Cats pictures and yet another chat app. #Sigh I really hope that all these overpriced startups which provide zero value and plans for "ads revenue" get what they deserve, and then we'll speak about "value" at all.
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