Chef
Chef is a Seattle-based automation technology company, originally founded as Opscode, that was acquired by Progress for $220 million.
Facts
- HQ
- Seattle
- Sectors
- Automation technology, Software, DevOps / Infrastructure
- Stage
- Acquired
Progress to Buy Seattle Automation Firm Chef for $220M in Cash; Chef Reports $72M TTM Revenue
Progress, the Bedford, Mass.–based business application platform, will acquire Seattle automation company Chef for $220 million in cash; Chef reported over $72 million in trailing 12-month revenue with more than 95% recurring revenue and about 270 employees. Chef CEO Barry Crist said the deal provides scale to advance Chef’s platform after the company became cash-flow positive and neared full-year profitability.
