Nolan Jenevein's questions to Progress Software Corp (PRGS) leadership • Q2 2025
Question
Nolan Jenevein of Oppenheimer & Co. Inc. asked for more details on the Nuclea acquisition, noting its divergence from Progress's typical M&A strategy of acquiring mature software companies.
Answer
CEO Yogesh Gupta explained that the Nuclea acquisition is a strategic investment in Progress's product portfolio, aimed at integrating advanced AI capabilities to maintain high customer retention. He compared it to past technology acquisitions made during major shifts like the internet and mobile computing, framing it as a modest purchase for leading-edge agentic RAG technology to keep products current.