Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

A Banker's View: IBM Buys Red Hat

Partner and Senior Managing Director Chris Legg provides his perspectives on the sale of Red Hat to IBM for a blockbuster $34 billion transaction. Beyond the deal's obvious size importance, the transaction provides valuable insight on the current state of the technology M&A environment and serves as a case study on how bankers are generating value for clients. Read more here.

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Scouting Report: Mobile World Congress 2018

Last month, partner Sam Thompson attended Barcelona's Mobile World Congress where he met with dozens of key innovators and entrepreneurs in the digital advertising and tech space. Read his scouting report for more detail.

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Progress Perspective: Digital Automotive Industry

Partner and Senior Managing Director Chris Legg provides his perspectives on the digital automotive landscape after attending the NADA, J.D. Power Automotive Forum, and MediaPost's Marketing Automotive last month. The automotive landscape is changing drastically, with the increase in digital ad spend in the automotive space and dealers and OEMs alike focusing their efforts on taking a more digital approach. Read more here.

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Sam Thompson Featured in WSJ Article on "Ad-Tech Company Pledge Toward Ad-Quality Initiatives"

Senior managing director and partner Sam Thompson was quoted in a The Wall Street Journal article on OpenX's recent pledge to invest $25M in advertising quality initiatives. “It’s more than just the budget; it’s about how the company is changing their purpose and values as an operating company so everyone inside is operating toward the same goal,” Mr. Thompson said.

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Progress Perspective: Where do Video Supply-side Platforms go from here?

The digital video supply-side platform market has existed in a constant state of flux, expanding and contracting, over the last decade. Bombarded with infusions of venture capital, many companies that play in the ad tech space struggle to attain scale, causing investors to lose interest as they burn through their investments.

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Progress Perspective: What does the future hold in 2018?

Machine Intelligence, in the form of ML, Neural Networks, and self-adapting AI, will grow in importance and significance, impacting all industries in some ways that have yet to be determined. Is it ‘an interest’ or ‘a necessity’ for companies to replace loyal carbon elements with silicon and source code? It depends.

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Progress Scouting Report: NRF's Big Show 2018 and Retail's Revolution

Yes, physical retail is changing and is not growing as fast as e-commerce, but it is how brick-and-mortar stores approach these fluctuations in consumption pattern – and alter their business models to incorporate automation, personalization, and Artificial Intelligence into their strategies – that they will prevail.

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Progress Scouting Report: CES 2018

Boasting over 170,000 exhibitors and attendees, CES 2018 positioned the acceleration of technological innovation in B2C and B2B spaces front and center in Las Vegas. With the promise of Artificial Intelligence becoming ever more present and increasingly featured, we found heighted demand for tech companies to deliver ever more sophisticated and networked technology.

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