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Progress Software Corporation (Progress) is an American publicly held company headquartered in Bedford, Massachusetts. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management.
|Data Language Corporation|
|Traded as||NASDAQ: PRGS|
S&P 600 Component
|Revenue||$397.6 million (2017)|
Number of employees
Progress posted revenues of $397.6 million (USD) in fiscal year 2017. The company employs approximately 1500 employees, and maintains offices in 16 countries.
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Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, in 1981. Initially called Data Language Corporation (DLC), the company changed its name in 1987 to match that of its flagship product, Progress.
In October 2002, Progress Software acquired Boston based eXcelon Corporation (NASDAQ: EXLN, formerly Object Design, NASDAQ: ODIS) for approximately US$24 Million. eXcelon created an XML IDE, Stylus Studio, which is now marketed by Progress Software.
In 2004, Progress Software bought out Persistence Software for $16 million.
In January 2006, Progress Software acquired Mountain View-based Actional Corporation, which itself was the merger between Actional Corporation and WestBridge Technologies (an XML Security company). Actional focuses on providing enterprise-class SOA Management, Security, and run-time Governance solutions that cross vendor and protocol boundaries, based upon open standards.
In March 2006, Progress Software acquired Neon Systems (NASDAQ: NEON), which offers a set of capabilities for companies seeking to modernize existing 3270 applications. In 2010, Progress Software acquired the Santa Clara-based Savvion Inc., a provider of Business Process Management technology. Later that year, Progress announced the introduction of its Responsive Process Management (RPM) suite, including its Progress Control Tower.
In April 2011, Progress Software sold their SWIFT integration product "ADS" (formally Iona's "Artix Data Services") to C24 Technologies Ltd (UK). The product was re-branded to its former name "Integration Objects".
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".
On May 1, 2019, Progress Software completed the acquisition of Ipswitch, Inc., an IT management software developer for small and medium sized businesses, well known for its FTP client, WS_FTP.
On September 8, 2020, Progress Software announced the pending acquisition of Chef Software Inc., the developers of the Chef configuration management tool. The acquisition is expected to be completed by October of 2020.
In June 2008, Progress Software acquired Xcalia, a data integration company, and Mindreef, which developed SOAPscope products. In September 2008, Progress acquired IONA Technologies. IONA brought three product lines into the fold: FUSE (open source SOA), Artix (commercially licensed SOA), and Orbix (CORBA infrastructure).
In June 2012, the company sold its subsidiary FuseSource, which was spun out from Progress in October 2010, to Red Hat. In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to Trilogy which created the company Aurea Software. The company also announced that Jay Bhatt planned to step down from the positions and as a director, effective December 7.
In May 2016, Progress Software re-branded as "Progress" to emphasize its increased focus on delivering cloud-based software.
Current Product Portfolio
Adaptive User Experience
- Kendo UI – UI toolkit for web development.
- NativeScript – open source platform for building cross-platform native iOS and Android mobile apps.
- NativeChat – an AI platform for creating and deploying chatbots.
- Telerik – UI tools for .NET development.
- Test Studio - test automation.
Mobility and Serverless Cloud
- Kinvey - serverless cloud backend.
- DataRPM - machine learning platform for anomaly detection and prediction.
- Corticon - business rules engine.
Data Connectivity and Integration
- DataDirect Connectors - connectors to integrate data across relational, big data and cloud databases.
- DataDirect Hybrid Data Pipeline - hybrid connectivity to data in the cloud or on-premises.
Web Experience Management
- Sitefinity - web content management.
- Sitefinity Digital Experience Cloud - customer experience tool for customer journey analysis, personalization, and optimization.
- OpenEdge - platform for building business applications and database management system.
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- "Progress Announces Acquisition of Chef". Progress. September 8, 2020. Retrieved September 8, 2020.
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- "Progress Test Studio: Automated Testing Made Easy". Telerik.com.
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- Condon, Stephanie. "Progress acquires DataRPM for cognitive predictive maintenance in IIoT | ZDNet". ZDNet.
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- "Progress Releases New DataDirect Connector for Apache Cassandra". December 12, 2016.
- "Deploying Progress DataDirect Hybrid Data Pipeline on Amazon Lightsail - DZone Big Data". dzone.com.
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- "Progress OpenEdge 11.7 Delivers New Capabilities to Strengthen Mission-Critical Business Applications". Database Trends and Applications. April 6, 2017.