- Progress Software (PRGS, Financial) acquires Nuclia to enhance AI capabilities.
- Nuclia's RAG-as-a-service will expand Progress's AI offerings.
- The acquisition is immaterial to Progress Software's financials.
Progress Software (Nasdaq: PRGS), a leading provider of AI-powered digital experience and infrastructure software, has announced the acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI technology. The acquisition, finalized on June 30, 2025, aims to bolster Progress Software's AI capabilities by integrating Nuclia's advanced RAG-as-a-service product.
Nuclia's technology empowers organizations to utilize their proprietary business information to generate accurate and verifiable responses using Generative AI. Designed as a self-service SaaS product, it democratizes advanced RAG capabilities, making them accessible to businesses of all sizes without necessitating significant upfront investment.
This strategic acquisition will extend the Progress Data Platform's capabilities, providing opportunities to reach a broader market of organizations eager to implement agentic RAG technology. Despite its strategic significance, the acquisition is described as immaterial to Progress Software's financial statements, with no financial terms disclosed.
