Progress Software Corp - Company Profile
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Progress Software Corp (Progress) is a provider of enterprise software products. The company's main activities involve application development, data integration and data analysis solutions. Its major products include Progress OpenEdge, Chef, Developer Tools, Kemp LoadMaster, Progress MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic, and Progress Semaphore. The company’s services include application modernization, infrastructure automation, development operations, data management, managed database services, performance enhancements and tuning, and analytics/business intelligence services. Progress markets its products through direct sales force and indirect channel partners; and distributes offerings through resellers, systems integrators, distributors, original equipment manufacturers (OEMs), and value-added resellers (VARs) partners. The company has business presence across the Americas, Europe, the Middle East and Africa (EMEA), and Asia-Pacific. Progress is headquartered in Bedford, Massachusetts, the US.
Headquarters
United States of America
Address
Suite 400, 15 Wayside Road, Burlington, Massachusetts, 01803
Website
www.progress.com
Telephone
1 781 2804000
No of Employees
2,284
Industry
Technology and Communications
Ticker Symbol & Exchange
PRGS (NASD)
Revenue (2022)
$694.4M
15.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-26.2%
(2022 vs 2021)
Market Cap*
$2.2B
Net Profit Margin (2022)
XYZ
-36.0%
(2022 vs 2021)
* As of and is in US$
Progress Software Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Kinvey High Productivity | Customer Support | Progress |
| App Platform | Software Consulting | |
| NativeChat | Education | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to acquire MariaDB plc. |
| 2024 | Contracts/Agreements | In March, the company entered into a partnership with Veeam Software, to provide customers with an enterprise-ready cyber defense solution. |
| 2023 | New Products/Services | In November, the company announced the availability of Progress Sitefinity 15. |
Competitor Comparison
| Key Parameters | Progress Software Corp | Amazon.com Inc | Microsoft Corp | International Business Machines Corp | Oracle Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Burlington | Seattle | Redmond | Armonk | Austin |
| State/Province | Massachusetts | Washington | Washington | New York | Texas |
| No. of Employees | 2,284 | 1,525,000 | 221,000 | 305,300 | 164,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yogesh K. Gupta | Director; President; Chief Executive Officer | Executive Board | 2016 | 63 |
| Anthony Folger | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 52 |
| Domenic Lococo | Chief Accounting Officer | Senior Management | - | - |
| Ian Pitt | Executive Vice President; Chief Information Officer | Senior Management | 2021 | 56 |
| YuFan Stephanie Wang | Chief Legal Officer; Chief Compliance Officer; Executive Vice President; Corporate Secretary | Senior Management | 2022 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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