Mill Point Capital has agreed to sell Kemp Technologies to Progress Software

Kemp Technologies, the always-on application experience company, helps enterprises deliver, optimize and secure applications and networks across any cloud or hybrid environment through best-in-class application delivery control, network performance monitoring and anomaly detection. Kemp Technologies’ portfolio includes the industry’s first per-app, application delivery controller combined with a robust network and application performance monitoring suite, partnering with 11,000+ active, paying customers in 138 countries. Kemp Technologies employs over 300 employees worldwide and is headquartered in New York, New York with operating offices in Ireland, the Czech Republic, India, Germany and Singapore.

Roger Knight, Managing Director in Lincoln’s Technology, Media & Telecom Group, commented, “We are pleased to have represented Mill Point Capital and Kemp Technologies on this strategic transaction. As enterprises accelerate their digital strategies, Kemp Technologies’ differentiated approach offers integrated application delivery, network performance monitoring and network detection and response software for managing current complexities, such as a remote workforce, proliferation of network traffic and increasing cybersecurity threats within evolving information technology infrastructure. We look forward to the combined success of Progress Software and Kemp Technologies.”

Lincoln acted as the exclusive financial advisor to Mill Point Capital, working closely with its shareholders and management team throughout the sale process. This included providing M&A and industry expertise as well as closely managing all aspects of the process, such as the preparatory, marketing, negotiation and due diligence phases of the transaction. The acquisition is expected to close in October 2021, subject to obtaining regulatory approvals and satisfaction of other customary closing conditions.

Mill Point Capital Kemp Technologies Progress Software 2021
  • 2021
    Close Year
  • Technology, Media & Telecom
    Industry
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • USA
    Country
It has been a pleasure to work with the Lincoln team throughout all stages of this process. With Lincoln’s industry expertise and senior-level relationships, we were able to achieve a superior outcome for Kemp Technologies with a publicly-traded strategic buyer.
Michael Duran
Founder and Managing Partner at Mill Point Capital

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