Progress Software Corporation

Progress Software can help you make significant headway when managing and deploying business applications. The company's software is used for tasks such as business process management, application integration, data management and analysis, and application development and deployment. Progress' products encompass desktops, servers, mainframes, and data centers, and can be implemented in a variety of computing environments such as Linux, Unix, and Windows. Progress serves about 140,000 organizations in more than 180 countries, with clients coming from industries such as financial services, health care, manufacturing, and technology.

Geographic Reach

Progress Software maintains US offices in California, Illinois, Massachusetts, and North Carolina. International offices are located in Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Italy, Japan, the Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland, and the UK.

North America and Europe each account for about 40% of its total revenue.

Sales and Marketing

The company uses both a direct sales force and a network of independent distributors in another 45 countries where it doesn't have a sales office. It markets its products directly to end users and indirectly to ISVs, OEMs, and system integrators that embed Progress products into their own. Direct sales customers are typically business managers or IT managers in corporations and government agencies. About half of its sales come from indirect channels.

Strategy

To concentrate on its core operations, Progress has been selling non-core assets. Throughout 2012 and 2013 divested almost a dozen products, which caused the company's overall sales and headcount to appear reduced. It sold the Artix, Orbacus, and Orbix products to Micro Focus International for $15 million. The Actional, DataXtend, ObjectStore, Savvion, and Sonic product lines were sold to Trilogy Enterprises for $60.5 million, while FuseSource was sold to RedHat for $21 million and Shadow to Rocket Software for $33 million. Finally, it also sold the Apama product line to Software AG for $44 million.

Following the divestitures, Progress Software rebranded itself and launched a platform-as-a-service (PaaS) program that enables business applications to be created by anyone using a web browser.

Mergers and Acquisitions

The platform-as-a-service (PaaS) offering came about through the 2013 acquisition of Rollbase, whose technology allows for the rapid design, development, and deployment of on-demand business applications. In 2014 it bought another PaaS technology platform with Modulus.

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Progress Software Corporation


14 Oak Park Dr
Bedford, MA 01730-1485
Phone: 1 (781) 280-4000
Fax: 1 (781) 2804095
www.progress.com

STATS


  • Employer Type: Public
  • Stock Symbol: PRGS,
  • Stock Exchange: , NASDAQ
  • President and CEO: Philip Pead
  • President and CEO: Philip Pead
  • Senior Vice President, Finance & Administration, Chief Financial Officer: Chris Perkins

Major Office Locations

  • Bedford, MA

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