Progress Software (PRGS): Restarting The M&A Engine With MarkLogic Acquisition

gorodenkoff/iStock via Getty Images Progress Software (NASDAQ:PRGS) recently announced its proposed acquisition of privately held on-premise NoSQL database vendor MarkLogic for $355m cash (webcast here). The implied 3-4x EV/Sales valuation seems slightly pricey given the low-single-digit % growth profile, but the sticky, high retention customer base fits well within the…