Progress Software Corporation (NasdaqGS:PRGS) is looking for M&A. During the First Quarter 2026 Earnings Conference Call, Yogesh Gupta, President and CEO, said, "On M&A, our corporate development team is betting deals aggressively and we further fine-tuned ShareFile operations, which continues to perform very well as one of our best acquisitions." "Our capital allocation priorities remain very clear. We will continue to, number one, invest in our business and innovate. Number two, aggressively reduce debt and be opportunistic on buybacks.
And number three, maintain our commitment to generate excess returns through disciplined M&A, followed by rapid synergistic integrations. We will use the same M&A lens. We have always used to acquire good companies with strong infrastructure technology products, loyal customers, high recurring revenue and customer retention and a compatible culture".
