ObjectStore Buys for Boost

ORGANIZATION & STRATEGY

Bedford, Mass.-based Progress Software’s $16 million cash purchase of San Mateo, Calif.-based Persistence Software last week will support the play of its ObjectStore division in the real-time data management space, officials tell Inside Market Data.

"A lot of Persistence customers have been asking for real-time data caching and access to historical data. That’s what we’ll provide to Persistence," says Mark Palmer, vice president of marketing at ObjectStore. He says mutual clients had praised

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