Company Overview
Chef is a configuration management and automation platform for infrastructure and applications, enabling DevSecOps workflows. Acquired by Progress Software Oct 2020 for $220M cash ($70M ARR at acquisition; 95% recurring revenue from subscriptions). Founded 2008; raised $105M funding pre-acquisition. Progress completed acquisition Q1 FY2021; transaction accretive to non-GAAP EPS and cash flow beginning Q1 FY2021. Now operates as Chef by Progress within Progress Software's DevOps portfolio. Continuous automation leader focusing on DevSecOps and application automation tools.
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Key Differentiators
Emerging Innovator
Chef is an emerging player bringing innovative solutions to the Infrastructure market.
Growth Stage
Chef has achieved $220M in revenue, demonstrating strong product-market fit.
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