Progress snags software automation platform Chef for $220M

techcrunch.com

21 pointsjacksonpollock5 comments

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This 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.

The article says that they've got $70MM in revenue, and yet they only went for 3x that amount?

Does 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.

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