Editing Progress Software (section)

== History ==
=== 1980s: DLC to Progress Software ===
Progress Software was co-founded by several [[MIT]] graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981.<ref>{{cite web|url=http://web.mit.edu/newsoffice/founders/Table1.html |title=MIT-Related Companies with 10,000 Employees or More |work=[[Massachusetts Institute of Technology]] |access-date=2007-04-02 |archive-url = https://web.archive.org/web/20070323202900/http://web.mit.edu/newsoffice/founders/Table1.html |archive-date = March 23, 2007}}</ref> Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress.

=== 1990s: Public company ===
In 1991, Progress Software joined the [[NASDAQ]].

=== 2000s: Broad expansion ===
In 2002, Progress Software acquired [[Stylus Studio]] developer [[Object Design, Incorporated|eXcelon Corporation]] for approximately $24 million.<ref>{{Cite web |last=Service |first=Scarlet Pruitt, IDG News |date=2002-10-21 |title=Progress buys XML tool maker eXcelon |url=https://www.computerworld.com/article/2578797/progress-buys-xml-tool-maker-excelon.html |access-date=2020-09-29 |website=Computerworld |language=en}}</ref> In 2003, Progress Software acquired DataDirect Technologies for $88 million.<ref>{{cite web |date=December 5, 2003 |title=SEC Form 8-K: Progress Software Corporation |url=http://investors.progress.com/secfiling.cfm?filingID=950135-03-5974 |publisher=United States Securities and Exchange Commission}}</ref> In 2004, Progress Software acquired Persistence Software for $16 million.<ref>{{Cite web |date=September 28, 2004 |title=PROGRESS SOFTWARE CORPORATION TO ACQUIRE PERSISTENCE SOFTWARE TO ACCELERATE GROWTH OF OBJECTSTORE OPERATING COMPANY |url=https://www.bobsguide.com/guide/news/2004/Sep/28/progress-software-corporation-to-acquire-persistence-software-to-accelerate-growth-of-objectstore-operating-company/ |access-date=2020-09-29 |website=bobsguide |language=en}}</ref> In 2005, Progress acquired [[complex event processing]] company Apama.<ref>{{Cite web |date=2005-04-07 |title=Progress Software acquires algorithmic technology vendor Apama |url=https://www.finextra.com/newsarticle/13477/progress-software-acquires-algorithmic-technology-vendor-apama |access-date=2020-09-29 |website=Finextra Research |language=en}}</ref> In January 2006, Progress Software acquired Actional Corporation.<ref>{{cite web |last=Gardner |first=W. David |date=January 1, 2006 |title=Progress Software acquires Actional for US$32 million |url=http://www.itnews.com.au/newsstory.aspx?CIaNID=23684 |url-status=dead |archive-url=https://web.archive.org/web/20060917212019/http://www.itnews.com.au/newsstory.aspx?CIaNID=23684 |archive-date=September 17, 2006 |access-date=2007-04-02 |work=itnews.com.au}}</ref> In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing [[IBM 3270|3270]] applications.<ref>{{cite web |date=March 23, 2006 |title=Progress Software Acquires NEON Systems |url=http://www.forrester.com/rb/Research/progress_software_acquires_neon_systems/q/id/39158/t/2 |url-status=dead |archive-url=https://web.archive.org/web/20120223235343/http://www.forrester.com/rb/Research/progress_software_acquires_neon_systems/q/id/39158/t/2 |archive-date=February 23, 2012}}</ref><ref name="finz05" /> 

In 2008, Progress Software acquired Xcalia, a data integration company, and Mindreef, which developed [[SOAPscope]] products. In September 2008, Progress acquired [[IONA Technologies]], developer of [[service-oriented architecture]] platforms [[Artix ESB|Artix]] and [[Orbix (software)|Orbix]], for $146 million.<ref name="Indo_Jun08_sale162M">{{cite news |last1=Phelan |first1=Andrew |date=26 June 2008 |title=Trinity boys sell college firm for $162m |work=Irish Independent |url=https://www.independent.ie/regionals/herald/news/trinity-boys-sell-college-firm-for-162m-27876930.html |access-date=13 April 2021}}</ref><ref>[http://www.eweek.com/c/a/Application-Development/Progress-Software-Acquires-Iona eWeek] Wed, 25 June 2008</ref>

=== 2010s: Focusing and rebranding ===
In 2010, Progress Software acquired business process management vendor Savvion Inc.<ref>{{Cite web |title=Progress Software Corporation Acquiring BPM Leader, Savvion Inc. - PC World Australia |url=https://www.pcworld.idg.com.au/article/332153/progress_software_corporation_acquiring_bpm_leader_savvion_inc_/ |access-date=2020-09-29 |website=PC World |language=en-AU}}</ref><ref>{{Cite web |last=Reading 1/12/2010 |first=News Wire Feed Light |title=Progress Buys Savvion |url=https://www.lightreading.com/spit-(service-provider-it)/oss/progress-buys-savvion/d/d-id/673698 |access-date=2020-09-29 |website=Light Reading |language=en}}</ref> In April 2011, Progress Software sold their [[Society for Worldwide Interbank Financial Telecommunication|SWIFT]] integration product "ADS" (formally Iona's "Artix Data Services") to C24 Technologies Ltd. The product was re-branded to its former name "Integration Objects".

In 2012, Progress announced its shift to become a much more narrowly focused specialist vendor, looking to sell or decommission most of their existing products.<ref>{{Cite web |title=Empowering Organizations Through Digital Transformation - Progress |url=http://www.progress.com/en/inthenews/progress-announces-s-58698.html |url-status=dead |archive-url=https://web.archive.org/web/20130114230733/http://www.progress.com/en/inthenews/progress-announces-s-58698.html |archive-date=January 14, 2013 |access-date=2016-10-14 |website=Progress.com |df=mdy-all}}</ref><ref>{{Cite web |date=April 29, 2012 |title=John R. Rymer's Blog |url=http://blogs.forrester.com/john_r_rymer/12-04-29-progress_software_lowers_its_sights |access-date=2016-10-14 |website=blogs.forrester.com}}</ref> In June 2012, the company sold its open source division FuseSource, which was [[Corporate spin-off|spun out]] from the IONA business in October 2010, to [[Red Hat]].<ref name="reg12" /> In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to [[Trilogy (company)|Trilogy]] which created the company Aurea Software.<ref>{{Cite web |title=Progress Software Announces Agreement to Sell Four Non-Core Product Lines to Investment Arm of Trilogy Enterprises (NASDAQ:PRGS) |url=http://investors.progress.com/releasedetail.cfm?releaseid=714525 |access-date=2016-10-14 |website=investors.progress.com}}</ref> In December 2012, the Orbix, Orbacus and Artix product lines were sold to [[Micro Focus International]] for $15 million.<ref>[http://www.microfocus.com/aboutmicrofocus/pressroom/releases/pr20121224275101.asp Micro Focus International plc] {{webarchive|url=https://web.archive.org/web/20131104025914/http://www.microfocus.com/aboutmicrofocus/pressroom/releases/pr20121224275101.asp|date=4 November 2013}} 2012-12-24</ref>

In 2013, Progress Software acquired [[Rollbase|Rollbase Inc.]]<ref name="passfront" /> and [[Software AG]] acquired Apama activities from Progress Software.<ref>{{Cite web |date=2013-06-13 |title=Software AG buys complex-event processing technology from Progress |url=https://www.pcworld.com/article/2041677/software-ag-buys-complexevent-processing-technology-from-progress.html |access-date=2020-09-29 |website=PCWorld |language=en}}</ref> In 2014, Progress acquired Cincinnati-based Modulus.<ref>{{Cite web |title=Progress Acquires Modulus; Enables Fast, Scalable Node.js and MongoDB App Development and Deployment (NASDAQ:PRGS) |url=http://investors.progress.com/releasedetail.cfm?ReleaseID=853083 |access-date=2016-10-14 |website=investors.progress.com}}</ref> Also in 2014, Progress acquired [[Telerik]], a provider of application development tools.<ref>{{Cite web |title=Progress Completes Acquisition of Telerik and Expands Executive Management Team (NASDAQ:PRGS) |url=http://investors.progress.com/releasedetail.cfm?ReleaseID=885580 |access-date=2016-10-14 |website=investors.progress.com}}</ref><ref name="TelerikAcq" /> In 2019, Progress Software acquired [[Ipswitch, Inc.]], an IT management vendor known for its [[MOVEit]] [[managed file transfer]] platform.<ref>{{Cite web |title=Progress acquires Ipswitch for $225 million, tops first quarter targets |url=https://www.zdnet.com/article/progress-acquires-ipswitch-for-225-million-tops-first-quarter-targets/ |website=[[ZDNet]]}}</ref><ref>{{Cite web |title=Progress Completes Acquisition of Ipswitch, Inc |url=http://investors.progress.com/news-releases/news-release-details/progress-completes-acquisition-ipswitch-inc}}</ref>

In May 2016, Progress Software re-branded as "Progress" in an effort to "shed any doubts it was not living up to its name".<ref>{{Cite web |last=Hofherr |first=Justine |date=November 8, 2016 |title=After 35 years, Progress Software introduces a new name and vision |url=https://www.builtinboston.com/blog/after-35-years-progress-software-introduces-new-name-and-vision |access-date=2022-10-21 |website=Builtinboston.com}}</ref>

=== 2020s: Targeted expansion ===
In 2020, Progress Software announced the acquisition of [[Chef (company)|Chef Software Inc.]], the developers of the [[Progress Chef|Chef]] configuration management tool. The acquisition was completed by October 2020.<ref>{{Cite web |author=<!--Not stated--> |date=2020-09-08 |title=Progress Announces Acquisition of Chef |url=https://investors.progress.com/news-releases/news-release-details/progress-announces-acquisition-chef |access-date=2020-09-08 |website=Progress}}</ref><ref>{{Cite web |date=2020-09-08 |title=The Fourth Chapter of Chef Has Arrived: Progress to Purchase Chef |url=https://blog.chef.io/the-fourth-chapter-of-chef-has-arrived-progress-to-purchase-chef/ |access-date=2020-09-08 |website=Chef Blog}}</ref><ref>{{Cite web |title=Progress snags software automation platform Chef for $220M |url=https://techcrunch.com/2020/09/08/progress-snags-software-automation-platform-chef-for-220m/ |access-date=2020-09-29 |website=TechCrunch |date=September 8, 2020 |language=en-US}}</ref> In 2021, Progress Software acquired [[Kemp Technologies]], who build load balancing products.<ref>{{Cite web |author=Yogesh Gupta |date=2021-09-23 |title=Progress To Acquire Kemp |url=https://www.progress.com/blogs/progress-to-acquire-kemp |access-date=2020-11-05 |website=Progress}}</ref> The acquisition was completed on November 1, 2021.<ref>{{Cite web |author=<!--Not stated--> |date=2021-11-01 |title=Progress Completes Acquisition of Kemp |url=https://investors.progress.com/news-releases/news-release-details/progress-completes-acquisition-kemp |access-date=2020-11-05 |website=Progress}}</ref> In 2023, Progress Software acquired database vendor [[MarkLogic|MarkLogic Corporation]].<ref>{{Cite web |author=Yogesh Gupta |date=2023-01-03 |title=Progress to Acquire NoSQL Database Pioneer, MarkLogic |url=https://www.progress.com/blogs/progress-to-acquire-nosql-database-pioneer-marklogic |access-date=2023-01-20 |website=Progress}}</ref> In 2024, Progress Software acquired [[ShareFile]] from Cloud Software.<ref>{{Cite web |title=Progress Completes Acquisition of ShareFile |url=https://investors.progress.com/news-releases/news-release-details/progress-completes-acquisition-sharefile |access-date=2024-11-01 |website=Progress}}</ref> The acquisition was completed on October 31, 2024.