Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake”) announced today that it has sold its BravePoint, Inc. (“BravePoint”) subsidiary, a provider of advanced information technology services and solutions, to Progress Software Corporation (“Progress”) for approximately $12 million in cash, which represents approximately 0.63 times BravePoint’s 2013 revenues. BravePoint’s expertise and solid reputation in the markets it serves makes Progress an excellent strategic fit for BravePoint’s business.

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