Progress Buys BravePoint

(RTTNews) - Progress Software Corp. (PRGS) said Wednesday that it has acquired BravePoint, Inc., a Georgia-based subsidiary of Chesapeake Utilities Corp. (CPK), and a provider of consulting, training and application development services designed to increase customers' profitability and competitiveness through the use of technology.

The acquisition significantly extends Progress' services capabilities and enhances its ability to quickly enable its partners and customers to take greater advantage of new technologies.

With the BravePoint acquisition, Progress will be better positioned to help partners and customers leverage their core assets and develop strategies that protect current investments, while addressing changing business requirements.