On September 23, 2021, Progress, the leading provider of products to develop, deploy and manage high-impact applications, announced that it has entered into a definitive agreement to acquire privately-held Kemp, the always-on application experience company that helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment, in a $258 million deal, expected to close in October 2021, subject to obtaining regulatory approvals and satisfaction of other customary closing conditions. This acquisition will allow Progress to expand its portfolio of market-leading products in DevOps, Application Development, Data Connectivity and Digital Experience, by adding Application Experience Management.

The WilmerHale team representing Progress was led by Partners Hal Leibowitz and Andrew Bonnes, and included Chia-Chen Lee. Jeff Johnson, Tom Anderson and Chetan Chandra advised on intellectual property matters; Julie Hogan Rodgers and Meghan Walsh advised on tax matters; Scott Kilgore advised on executive compensation and employee benefits; Kirk Nahra and Reade Jacob advised on privacy matters; Lee Greenfield and Alvaro Mateo Alonso advised on antitrust matters; Barry Hurewitz advised on various regulatory matters; and Bonnie Heiple advised on environmental matters.