J
Jeremy Segal
Guest
In this Progress M&A blog series post, we’ll cover how Progress proactively positioned the company and our customers for long-term success in Agentic RAG with our recent acquisition of Nuclia.
With artificial intelligence (AI) barnstorming across the tech stack of companies across the globe, Progress is rightly focused on helping customers meet their AI goals. The promise of AI relies on businesses’ ability to leverage their data when making decisions. So when our Corporate Development team identified an impressive RAG-as-a-Service technology that could accelerate our time to market, we were definitely interested.
With the Progress Data Platform, Progress engineering teams have already made impressive strides into Retrieval Augmented Generation (RAG) for enterprise customers. Our next goal was to democratize the use of trustworthy and verifiable GenAI for small- and medium-sized customers. And that’s where Nuclia shines. It delivers an easy-to-use SaaS approach that enables companies of all sizes to harness the immediate access, benefits and governance of RAG technology in a flexible deployment model, and it does so with limited upfront investment. Nuclia capabilities will enhance products across our diverse infrastructure software portfolio, proof of why our Total Growth Strategy remains such an effective approach to sourcing and selecting acquisitions.
The Progress Total Growth Strategy has three areas of focus: Invest and Innovate, Acquire and Integrate and Drive Customer Success. We see the acquisition of Nuclia as fitting nicely into this framework on many levels. Adding Nuclia technology to Progress will elevate our ability to deliver agentic RAG solutions to more organizations, enabling them to harness business data and put it to work to aid in decision making. Some are even using agentic RAG to create new revenue streams with formerly idle business data. Customer-first value like this is why Progress remains both a trusted provider to customers around the world and a sought-after acquirer of choice.
The Corporate Development team leveraged its network to identify Nuclia early in its lifecycle. This allowed Progress to work with an incredibly talented team to develop a Proof of Value and further validate that acquiring Nuclia would be very additive to the Progress product portfolio.
Innovative companies like Nuclia typically have many investment options, creating a competitive landscape for deal negotiation. Like many of our potential acquisition targets, Nuclia was at an inflection point. It could continue on its own by raising more capital or join a proven entity with the skill, muscle and resources needed to keep Nuclia growing well into the future. After a thorough due diligence process on both sides, it became clear that the best choice was for Nuclia to move forward as part of Progress.
Our history of successful acquisitions and industry-leading R&D investment means Nuclia technology will find continued success and a broader marketplace faster than it could alone. Our global sales teams and resellers, partners and distributors are gearing up to deliver the full benefit of Progress people, processes, systems and experience to quickly scale the Nuclia offering. This frees the company's founders and talented engineers to drive even more product innovation as part of Progress.
We are so thankful for the outstanding teams who collaborated so well to close the Nuclia deal, sealing another great acquisition for Progress as we continue to execute on our Total Growth Strategy.
For more information on the Progress Corporate Development team please visit our Corporate Development page or email the team at corporate-development@progress.com.
Continue reading...
With artificial intelligence (AI) barnstorming across the tech stack of companies across the globe, Progress is rightly focused on helping customers meet their AI goals. The promise of AI relies on businesses’ ability to leverage their data when making decisions. So when our Corporate Development team identified an impressive RAG-as-a-Service technology that could accelerate our time to market, we were definitely interested.
Expanding Access to Retrieval Augmented Generation
With the Progress Data Platform, Progress engineering teams have already made impressive strides into Retrieval Augmented Generation (RAG) for enterprise customers. Our next goal was to democratize the use of trustworthy and verifiable GenAI for small- and medium-sized customers. And that’s where Nuclia shines. It delivers an easy-to-use SaaS approach that enables companies of all sizes to harness the immediate access, benefits and governance of RAG technology in a flexible deployment model, and it does so with limited upfront investment. Nuclia capabilities will enhance products across our diverse infrastructure software portfolio, proof of why our Total Growth Strategy remains such an effective approach to sourcing and selecting acquisitions.
Our Total Growth Strategy Leads the Way
The Progress Total Growth Strategy has three areas of focus: Invest and Innovate, Acquire and Integrate and Drive Customer Success. We see the acquisition of Nuclia as fitting nicely into this framework on many levels. Adding Nuclia technology to Progress will elevate our ability to deliver agentic RAG solutions to more organizations, enabling them to harness business data and put it to work to aid in decision making. Some are even using agentic RAG to create new revenue streams with formerly idle business data. Customer-first value like this is why Progress remains both a trusted provider to customers around the world and a sought-after acquirer of choice.
The Corporate Development team leveraged its network to identify Nuclia early in its lifecycle. This allowed Progress to work with an incredibly talented team to develop a Proof of Value and further validate that acquiring Nuclia would be very additive to the Progress product portfolio.
Standing Out in a Competitive Landscape
Innovative companies like Nuclia typically have many investment options, creating a competitive landscape for deal negotiation. Like many of our potential acquisition targets, Nuclia was at an inflection point. It could continue on its own by raising more capital or join a proven entity with the skill, muscle and resources needed to keep Nuclia growing well into the future. After a thorough due diligence process on both sides, it became clear that the best choice was for Nuclia to move forward as part of Progress.
Our history of successful acquisitions and industry-leading R&D investment means Nuclia technology will find continued success and a broader marketplace faster than it could alone. Our global sales teams and resellers, partners and distributors are gearing up to deliver the full benefit of Progress people, processes, systems and experience to quickly scale the Nuclia offering. This frees the company's founders and talented engineers to drive even more product innovation as part of Progress.
We are so thankful for the outstanding teams who collaborated so well to close the Nuclia deal, sealing another great acquisition for Progress as we continue to execute on our Total Growth Strategy.
For more information on the Progress Corporate Development team please visit our Corporate Development page or email the team at corporate-development@progress.com.
Continue reading...