Complex sentence: In June 2013, Progress Software acquired Rollbase Inc., a platform as a service (PaaS) for rapid development of cloud business applications recognized by Gartner as a "2013 Cool Vendor in PaaS".
Split into simpler sentences: In June 2013, Progress Software acquired Rollbase Inc., a platform as a service (PaaS) for rapid development of cloud business applications. Rollbase was recognized by Gartner as a "2013 Cool Vendor in PaaS".