Just to clarify, that would be buying a company with "$70 million in annual recurring revenue" [0], for the price of "$220 million in cash, subject to customary

Just to clarify, that would be buying a company with "$70 million in annual recurring revenue" [0], for the price of "$220 million in cash, subject to customary adjustments" [0]. We don't know anything about the profitability or the growth. I can imagine that their growth is flat or even declining. [0] https://investors.progress.com/news-releases/news-release-details/progress-announces-acquisition-chef https://investors.progress.com/news-releases/news-release-de...