The deal, made for an undisclosed amount, sees US-based Corticon’s founder and chief executive officer Mark Allen take up a new, and unspecified, role at Progress Software.

Chief technology officer at Progress Software, John Bates, comments: ‘Within responsive businesses, the need to make informed and accurate decisions “in the moment” is critical.

‘The acquisition of Corticon reinforces Progress’ commitment to deliver operational responsiveness by helping customers build highly agile, responsive business systems with models that maximise simplicity and accelerate time-to-value.’

In November Progress Software announced that it had hired Jay Bhatt, formerly of Autodesk, as its new chief executive officer.

Headquartered in the US, Progress Software has UK offices in Berkshire, Cambridge and London.

Mark Allen, founder and former chief executive officer of Corticon, adds: ‘Corticon worked hard to maintain our position as a leader in the BRMS space. However, for emergin use cases, rules alone are sometimes not enough; to meet the holistic needs of customers, a number of technology areas need to converge.’