Thursday, 29 June 2017 12:55

Progress acquires BaaS provider Kinvey

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Software platform vendor Progress has acquired backend as a service (BaaS) provider Kinvey for US$49 million.

Kinvey's BaaS frees app developers and providers from having to build their own backend services, allowing them to create and deploy new apps more quickly.

It is used by organisations including Schneider Electric, VMware, Bell and Howell, and Macquarie.

More than 10 billion Kinvey BaaS API calls are served each month from more than 31,000 apps and 100 million users.

"Kinvey was an early pioneer in the BaaS space and brought to market a leading-edge solution that enables developers to operate a serverless and compliant cloud backend for any native, hybrid, web or IoT app," said Progress chief executive Yogesh Gupta.

"By bringing together Kinvey’s leading Backend as a Service with our front-end development, predictive analytics and data connectivity technologies, we are doing something unique – we are offering customers the only complete, open stack for building and deploying cognitive applications."

Progress’ NativeScript and DataDirect data connectivity products have already been integrated with Kinvey.

The addition of Kinvey’s backend platform to Progress’ front-end, predictive analytics, rules engine, and data connectivity technologies means Progress can now provide an end-to-end service for building and delivering mission-critical apps.

"Cognitive-first is the future of new application experiences, and we are thrilled to join Progress as a core component of their leading product portfolio for delivering on this future for our customers." said Kinvey founder and chief executive Sravish Sridhar.

Earlier this year, Progress acquired machine learning and predictive analytics vendor DataRPM.

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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