Progress Software Acquires Nuclia in AI Innovation Leap

Progress Software, a prominent provider of AI-driven digital experience and infrastructure solutions, has officially acquired Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI systems. This strategic acquisition aims to expand Progress Software's offerings by integrating Nuclia's distinctive RAG-as-a-service product into its portfolio. The solution enables organizations to utilize proprietary business data effectively, providing accurate and verifiable responses through GenAI. Celebrating the acquisition, Yogesh Gupta, CEO of Progress Software, highlighted how the easy-to-use self-service solution makes sophisticated AI capabilities accessible to businesses of all sizes. Nuclia, known for its innovative approach in blending large language models with organizational data, will significantly bolster Progress Software's data platform offerings. The financial impact of the acquisition is minimal but marks a critical move in reaching a broader market eager for advanced AI technologies. The acquisition has been finalized as of today, reflecting both companies' eagerness to advance in AI technology and data solutions.