Progress Software Corporation announced that it has signed a definitive agreement with Rocket Software for Rocket to acquire the Shadow product. Shadow is middleware software that simplifies and accelerates the integration of data and programs residing on mainframes with other business systems using open standard data and service interfaces. According to the companies, it is complementary to Rocket Software’s existing product portfolio and will offer Rocket customers improvements in total cost of ownership and performance of integration projects that involve mainframe assets.
Progress Software said the divestiture is a key milestone 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.”
When the transaction is completed, Shadow will be the second of the 10 product lines to be sold following the sale of the FuseSource business to Red Hat that was completed in early September. The sale of Shadow is expected to be completed during the fiscal fourth quarter of 2012.
For more information about Rocket Software, go to www.rocketsoftware.com. More information about Progress Software can be found at www.progress.com.