Progress EVP: Why Private Software Valuations Must Drop
Progress's Jeremy Segal details the public-private software valuation gap. Learn why disciplined acquirers are waiting for private equity to capitulate.
How to Outbid PE Without Overpaying
With Kison Patel, Jeremy Segal · Sunday, July 12, 2026
Kison Patel speaks with Jeremy Segal, EVP of Corporate Development at Progress, about their M&A strategy focused on doubling revenue every five years through inorganic growth. They delve into how Progress successfully outbids private equity firms without overpaying, specifically discussing the Chef and ShareFile acquisitions, managing information challenges in diligence, and navigating M&A during volatile market cycles.
Key takeaways
- Progress, led by EVP Jeremy Segal, doubles revenue every five years via inorganic growth, demanding strict M&A financial discipline. Read more →
- Progress routinely outbids private equity firms in software M&A by finding unique cost synergies that PE can't replicate. Read more →
- Progress aims to double its revenue every five years via inorganic growth, using a 'buyer-led M&A' strategy. Read more →
4 articles from this episode
Progress's 'Orange Flags' System: How to Walk from Bad Deals
Progress EVP Jeremy Segal unveils their 'Orange Flags' M&A system. Learn to spot warning signs and walk away before overpaying or compromising transparency.
Progress Beats PE on M&A Price (Without Overpaying)
Jeremy Segal reveals how Progress outbids private equity in M&A, leveraging unique cost synergies from existing global infrastructure like their Bangalore COE.
Progress's M&A Playbook: Outbid PE, Double Revenue
Progress doubles revenue every 5 years with a 'Buyer-Led M&A' playbook. Outbid private equity, stay disciplined, and build a proactive M&A pipeline.
More M&A Science episodes
- Dead Deals, Late Surprises: Real M&A Horror StoriesOct 18 · 3 articles
- The Vendor Trap That Derails Corporate Carve-OutsOct 11 · 6 articles
- How Jerry Cedicci Buys a Business With No Down PaymentOct 4 · 5 articles
- The Man Who Taught Kison Patel to See M&A OpportunitiesSep 27 · 5 articles