Fourth generation language supplier Progress Software plans to buy itself a slice of the Java market with a $13 million acquistion of tiny California start-up Apptivity.
Apptivity is a 15 strong company which produces a Java tool of the same name for use in developing multi-tier database applications. The first release has only been shipping since May. The company will become a subsidiary of Progress, while Apptivity founder Purna Pareek will become a Progress vice-president.
Joe Alsop, Progress president, said : "What's impressed us the most is the highly qualified team coming [to Apptivity] from companies like Informix, Sybase, and Borland, with very significant Internet, Java, and client/server technology experience."
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