Progress acquires old Citrix service ShareFile with an eye on MOVEit

Acquisitions

▤ Summary

For example, ShareFile attracts many customers from industries where a lot of sensitive data is handled, such as financial services and healthcare. ShareFile was previously under the Cloud Software Group, which includes Citrix. Citrix gained control of ShareFile in 2011 when it acquired the service. Progress sees particular potential in ShareFile to expand its product offerings to include “SaaS-native, AI-powered document-centric collaboration and workflows, client portal, secure file sync and share and eSignature.” In addition, the acquisition will bring Progress $240 million in annual revenue and more than 86,000 customers. The acquisition should be completed by the end of November, provided the software company receives regulatory approval.

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Business Planning / Continuity

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Enterprise Software SaaS Developer Tools

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