Progress Software Corporation (NasdaqGS:PRGS) is looking for acquisitions. Progress reported that it has entered into a fourth amended and restated credit agreement (the Amended Credit Agreement), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the company's existing secured credit facilities. Progress Chief Financial Officer Anthony Folger stated, ?This new credit facility provides more scale and flexibility, both of which are important to support Progress continued growth.

Taken together with the recently completed convertible notes offering, Progress is exceptionally well positioned to continue making accretive acquisitions and executing our Total Growth Strategy?.