Software, acquisitions, deals

Progress Acquires Mindreef

Wade Roush 7/1/08

Bedford, MA-based Progress Software, which makes software that allows companies to tie legacy business applications together into so-called service oriented architectures (SOA), said yesterday that it has acquired smaller competitor Mindreef. The Hollis, NH-based company, which makes software for building, testing, and maintaining SOA systems, had raised $4 million in a 2003 venture funding round led by Kodiak Venture Partners and will operate as a separate product unit of Progress.  The terms of the deal were not disclosed.