Editing Progress Software

{{Short description|American software company}}

{{Use mdy dates|date=July 2015}}

{{Infobox company
| name = Progress Software
| logo = Progress Software logo.svg
| logo_size = 
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|PRGS}}<br>[[List of S&P 600 companies|S&P 600 Component]]
| key_people = Yogesh Gupta ([[President (corporate title)|president]] & [[Chief executive officer|CEO]])
| industry = [[Computer software]]
| revenue = $602 million (2022)<ref name=ar2022/>
| num_employees = 2,100<ref name=ar2021/>
| foundation = {{start date and age|1981}}
| former_name = Data Language Corporation
| location_city = [[Burlington, Massachusetts]]
| location_country = U.S.
| homepage = {{url|https://progress.com}}
}}

'''Progress Software Corporation''' is an American [[public company]] that produces [[software]] for creating and deploying business applications. Founded in [[Burlington, Massachusetts]] with offices in 16 countries, the company posted revenues of $531.3 million (USD) in 2021 and employs approximately 2100 people.<ref>{{Cite web |title=0000876167-22-000038 {{!}} 10-K {{!}} Progress Software Corporation |url=https://investors.progress.com/sec-filings/sec-filing/10-k/0000876167-22-000038 |access-date=2022-06-06 |website=investors.progress.com |language=en}}</ref>

== 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.

== Products ==
The Progress portfolio includes solutions for enterprise integration, [[data]] interoperability, and application development, including [[Software as a service|Software as a Service]] (SaaS) enablement and delivery.

=== Current products ===

* [[Sitefinity]]<ref>{{cite web |title=Progress ups front-end & back-end developer tools - CW Developer Network |url=https://www.computerweekly.com/blog/CW-Developer-Network/Progress-ups-front-end-back-end-developer-tools |website=www.computerweekly.com |language=en}}</ref> – web content management.
* Sitefinity Digital Experience Cloud – customer experience tool for customer journey analysis, personalization, and optimization.
* NativeChat – an [[Artificial intelligence|AI]] platform for creating and deploying chatbots.<ref>{{cite news |last1=Bridgwater |first1=Adrian |date=March 20, 2018 |title=Progress Teaches Chatbots To Talk |work=Forbes |url=https://www.forbes.com/sites/adrianbridgwater/2018/03/20/progress-teaches-ai-chatbots-to-talk/#6f2708d43455 |access-date=4 September 2018}}</ref>
* Corticon<ref>{{cite web |title=Progress: Pennsylvania automates IT processes and modernizes human services systems |url=https://www.americancityandcounty.com/2016/08/09/pennsylvania-automates-it-processes-and-modernizes-human-services-systems/ |website=www.americancityandcounty.com}}</ref> – business rules engine.

* [[Kemp Technologies|Kemp]] LoadMaster
* [[Flowmon Networks|Flowmon]]
* WhatsUp Gold

* [[Progress Chef|Chef]]

* Kendo UI – UI toolkit for web development.<ref>{{cite news |date=September 15, 2018 |title=Progress Adds Support for React and Vue in Newest Release of Kendo UI |url=https://sdtimes.com/facebook/27091-2 |access-date=4 September 2018}}</ref>
* [[Telerik]] – UI tools for .NET development.<ref>{{cite news |last1=Bridgewater |first1=Adrian |date=February 9, 2018 |title=Progress Goes on Louder on React, Xamarin & Fluent – themed design |publisher=ComputerWeekly |url=https://www.computerweekly.com/blog/CW-Developer-Network/Progress-goes-on-louder-on-React-Xamarin-Fluent-themed-design |access-date=4 September 2018}}</ref>
* [[Test Studio]]<ref>{{cite web |title=Progress Test Studio: Automated Testing Made Easy |url=https://www.globetesting.com/wp-content/uploads/2014/10/automated-testing-tools1 |website=Telerik.com |language=en}}</ref> – test automation.
* Fiddler Everywhere

*DataDirect Connectors<ref>{{cite press release |date=December 12, 2016 |title=Progress Releases New DataDirect Connector for Apache Cassandra |url=https://www.businesswire.com/news/home/20161212005136/en/Progress-Releases-New-DataDirect-Connector-Apache-Cassandra |language=en}}</ref> – connectors to integrate data across relational, big data and cloud databases.
* DataDirect Hybrid Data Pipeline<ref>{{cite web |title=Deploying Progress DataDirect Hybrid Data Pipeline on Amazon Lightsail - DZone Big Data |url=https://dzone.com/articles/deploying-progress-datadirect-hybrid-data-pipeline |website=dzone.com |language=en}}</ref> – hybrid connectivity to data in the cloud or on-premises.

* [[MOVEit]]
* [[WS_FTP]]

* [[OpenEdge Advanced Business Language|OpenEdge]]<ref>{{cite web |title=Progress OpenEdge 11.7 Delivers New Capabilities to Strengthen Mission-Critical Business Applications |url=http://www.dbta.com/Editorial/News-Flashes/Progress-OpenEdge-117-Delivers-New-Capabilities-to-Strengthen-Mission-Critical-Business-Applications-117406.aspx |website=Database Trends and Applications |date=6 April 2017}}</ref> – platform for building business applications and database management system.

* [[MarkLogic]]
* [[ShareFile]]
* Semaphore

== Data breaches ==
In 2023, a security vulnerability in Progress-owned file transfer software MOVEit was exploited in a [[2023 MOVEit data breach|data breach]] affecting various companies and government organizations.<ref name="ArsInfo">{{Cite web |last=Goodin |first=Dan |date=June 5, 2023 |title=Mass exploitation of critical MOVEit flaw is ransacking orgs big and small |url=https://arstechnica.com/information-technology/2023/06/mass-exploitation-of-critical-moveit-flaw-is-ransacking-orgs-big-and-small/ |access-date=June 15, 2023 |work=[[Ars Technica]]}}</ref> A running total maintained by cybersecurity company [[Emsisoft]] showed that more than 2,500 organizations were known to have been impacted as of October 25, 2023 with more than 80 percent of those organizations being US-based.<ref>{{Cite web |last=Simas |first=Zach |date=2023-07-18 |title=Unpacking the MOVEit Breach: Statistics and Analysis |url=https://www.emsisoft.com/en/blog/44123/unpacking-the-moveit-breach-statistics-and-analysis/ |access-date=2023-11-23 |website=Emsisoft {{!}} Cybersecurity Blog |language=en-US}} </ref> The cybercriminal organization [[Clop_(cyber_gang)|Clop]] was alleged to have been partially responsible for the attacks,<ref>{{Cite web |last=Service |first=CISA |date=2023-06-07 |title=CL0P Ransomware Gang Exploits CVE-2023-34362 MOVEit Vulnerability |url=https://www.cisa.gov/sites/default/files/2023-07/aa23-158a-stopransomware-cl0p-ransomware-gang-exploits-moveit-vulnerability_8.pdf |access-date=2023-11-22 |website=CISA.gov |language=en}}</ref> and claimed responsibility for breaches of [[1st Source]], the [[BBC]], [[British Airways]], the [[New York City Department of Education]],<ref>{{Cite web |title=Clop ransomware gang obtained personal data of 45,000 New York City students in MOVEit hack |url=https://www.engadget.com/clop-ransomware-gang-obtained-personal-data-of-45000-new-york-city-students-in-moveit-hack-204655820.html |access-date=2023-07-24 |website=Engadget |date=June 25, 2023 |language=en-US}}</ref> [[Putnam Investments]], and [[Shell plc|Shell]] among others.<ref name=":1">{{Cite web |last=Lyngaas |first=Sean |date=2023-06-07 |title=Russian-speaking cyber gang claims credit for hack of BBC and British Airways employee data {{!}} CNN Business |url=https://www.cnn.com/2023/06/07/tech/clop-russia-moveit-hack-payroll-uk/index.html |access-date=2023-07-05 |website=CNN |language=en}}</ref><ref>{{Cite web |last=Page |first=Carly |date=2023-06-15 |title=Ransomware gang lists first victims of MOVEit mass-hacks, including US banks and universities |url=https://techcrunch.com/2023/06/15/moveit-clop-mass-hacks-banks-universities/ |access-date=2023-07-24 |website=TechCrunch |language=en-US}}</ref>

==References==
{{reflist|refs=
<!-- Unused
<ref name=RBcoolvendor>{{cite news |date=April 29, 2013 |title=Rollbase Named 2013 "Cool Vendor in PaaS" by Gartner |url=http://www.prweb.com/releases/2013/4/prweb10674105.htm|archive-url=https://web.archive.org/web/20130614012546/http://www.prweb.com/releases/2013/4/prweb10674105.htm|url-status=dead|archive-date=June 14, 2013}}</ref>
-->
<ref name=TelerikAcq>{{cite news |date=October 22, 2014 |title=Progress Software Buys Telerik for $262.5M As Buying Spree Continues|url=https://techcrunch.com/2014/10/22/progress-software-buys-telerik-for-262-5m-as-buying-spree-continues}}</ref>

<ref name=passfront>{{cite news |date=June 12, 2013 |title=Progress Software buys a new front-end for its PaaS play|url=http://www.information-age.com/industry/software/123457122/progress-software-buys-a-new-front-end-for-its-paas-play#sthash.uM6t1Ina.dpuf}}</ref>

<ref name=finz05>{{cite news |date=December 20, 2005 |title=Progress Software Corporation to Acquire NEON Systems Creating Unparalleled Data Connectivity Leader |url=http://www.finanzen.net/nachricht/Progress-Software-Corporation-to-Acquire-NEON-Systems-Creating-Unparalleled-Data-Connectivity-Leader-63458 |work=Finanzen.net |access-date=September 3, 2014}}</ref>

<ref name=ar2021>{{cite web |url=https://investors.progress.com/sec-filings/sec-filing/10-k/0000876167-22-000038 |title=Progress Software Corporation - Annual Report 2021 |access-date=January 28, 2022}}</ref>

<ref name=ar2022>{{cite web |url=https://investors.progress.com/node/25811/pdf |title=Progress Reports 2022 Fiscal Fourth Quarter and Year End Results |access-date=January 17, 2023}}</ref>

<ref name=reg12>{{cite news |last=Morgan |first=Timothy Prickett |date=June 28, 2012 |title=Red Hat snaps up open source SOAer FuseSource |url=https://www.theregister.co.uk/2012/06/28/redhat_buys_fusesource/ |work=[[The Register]] |access-date=September 3, 2014}}</ref>

}}
[[Category:Progress Software| ]]
[[Category:Software companies based in Massachusetts]]
[[Category:Companies listed on the Nasdaq]]
[[Category:Software companies of the United States]]