There’s nothing quite as adventurous in all of IT as spending months building an application that depends on a third-party API for its success. For the most part, developers usually don’t know for sure how much stress the IT infrastructure supporting any given API can stand. If their application is wildly successful, it could suddenly slow to a crawl when that third-party API gets overwhelmed by requests.
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In an effort to shore up both the front-end and back-end of its application development platforms, Progress Software will acquire Telerik for $262.5 million.