Infotech Lead America: Progress Software is set to sell Shadow, a middleware software, to Rocket Software.
Complementary to Rocket Software’s existing product portfolio, Shadow simplifies and accelerates the integration of data and programs residing on mainframes with other business systems using open standard data and service interfaces.
Rocket customers will benefit as it offer improvements in total cost of ownership and performance of integration projects that involve mainframe assets.
Shadow will be the second of the ten product lines to be sold following the sale of the FuseSource business to Red Hat that was completed in early September.
For Progress Software, this divestiture will complete another important step in its strategic plan to refocus on providing the most productive, cost-effective, on-premise, cloud- and mobile-enabled platforms for developing, deploying, and maintaining the world’s best business applications.
“The divestiture of the Shadow product further demonstrates our company’s focus on the strategy we announced in April. This transaction, which is a key milestone toward the achievement of our strategic direction, is a great outcome for our shareholders as well as Shadow employees and customers,” said Progress’ President and Chief Executive Officer, Jay Bhatt.
“We are delighted that this established product and highly-skilled team will move to such a high-caliber company that really understands how to help customers leverage mainframes,” Bhatt added.
