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Progress Software Corporation
Progress Software Corporation (Progress) is an American public company that offers software for creating and deploying business applications. Headquartered in Burlington, Massachusetts with offices in 16 countries, the company posted revenues of $531.3 million (USD) in 2021 and employs approximately 2100 people. History Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel and Chip Ziering in 1981. Initially called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987 to match that of its flagship product, Progress. In May 2016, Progress Software re-branded as "Progress" in an effort to "shed any doubts it was not living up to its name" Products The Progress portfolio includes solutions for enterprise integration, data interoperability and application development, including Software as a Service (SaaS) enablement and delivery. Current Product Portfolio Adaptive User Experience * Kendo U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Artix ESB
IONA Technologies was an Irish software company founded in 1991. It began as a campus company linked to Trinity College Dublin had its headquarters in Dublin, and eventually also expanded its offices in Boston and Tokyo. It specialised in distributed service-oriented architecture (SOA) technology, its products connecting systems and applications by creating a network of services without requiring a centralised server or creating an information technology project. IONA was the first Irish company to float on the NASDAQ exchange. It was valued at up to US$1.75 billion at its peak. It was one of the world's 10 largest software-only companies, and around 30 new ventures spun out from it. IONA was sold to Progress Software in 2008. History In 1981, a Trinity College Dublin PhD student, Chris Horn, visited Stanford University, and met Andy Bechtolsheim, inventor of the Stanford University Network (SUN) workstation, and Bill Joy, and when they later went on to co-found Sun Microsyst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kemp Technologies
Kemp, Inc. was founded in 2000 in Bethpage, New York and operates in the application delivery controller industry. The company builds load balancing products which balances user traffic between multiple application servers in a physical, virtual or cloud environment. In 2010, Kemp opened a European headquarters in Limerick, Ireland. Edison Ventures, Kennet Partners and ORIX Venture Finance invested $16 million into the company for research and development, sales and marketing in early 2012. In April 2014, Kemp announced a further investment in its Limerick Operations to expand from 30 positions to 80. Kemp was recognized as a Visionary in the 2015 Gartner Magic Quadrant for Application Delivery controllers and again in 2016. In 2019, Kemp was acquired by private equity firm Mill Point Capital. In November 2021, Kemp was acquired by Progress Software for $258 million. Business Kemp is a software company that develops load balancing and application delivery software built on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progress Chef
Progress Chef (formerly Chef) is a configuration management tool written in Ruby and Erlang. It uses a pure-Ruby, domain-specific language (DSL) for writing system configuration "recipes". Chef is used to streamline the task of configuring and maintaining a company's servers, and can integrate with cloud-based platforms such as Amazon EC2, Google Cloud Platform, Oracle Cloud, OpenStack, IBM Cloud, Microsoft Azure, and Rackspace to automatically provision and configure new machines. Chef contains solutions for both small and large scale systems. Features The user writes "recipes" that describe how Chef manages server applications and utilities (such as Apache HTTP Server, MySQL, or Hadoop) and how they are to be configured. These recipes (which can be grouped together as a "cookbook" for easier management) describe a series of resources that should be in a particular state: packages that should be installed, services that should be running, or files that should be writt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chef (company)
Chef Software, Inc. was an American corporation headquartered in Seattle, Washington, which produced configuration management software. It was acquired in 2020 and merged to become Progress Chef. History The company was founded as Opscode in 2008 by current Chief Technology Officer Adam Jacob, Jesse Robbins, Barry Steinglass, and Nathan Haneysmith. Chef is based in Seattle, with regional offices in Berlin, London, Belfast and San Francisco. In Sep 2015, Chef Chef was valued at $360 million after a $40 million venture capital funding round. In November 2015, the company acquired a German security startup, VulcanoSec. In 2019, it was discovered by a journalist that U.S. Immigration and Customs Enforcement was paying Chef approximately $95,000 per year for a software license. At that time, a former Chef employee deleted his code repository in protest of the contract. The company did not announce any changes to its contracting processes or partners. In September 2020, the compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telerik
Telerik AD (''Телерик АД'') is a Bulgarian company offering software tools for web, mobile, desktop application development, tools and subscription services for cross-platform application development. Founded in 2002 as a company focused on .NET development tools, Telerik now also sells a platform for web, hybrid and native app development. On October 22, 2014 Progress Software announced its acquisition of Telerik. The acquisition was finalized on December 1, 2014. Overview Telerik was founded in 2002 by four graduates of American University in Bulgaria and Technical University of Sofia. Initially focused on providing outsourced software development for foreign and Bulgarian companies, the company shifted its direction to the creation of application development tools. Its first product, RAD editor (rapid application development), was a web page editor designed to support the then recently launched Microsoft technology, ASP.NET. The company then expanded its offerings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Software AG
Founded in 1969, Software AG is an enterprise software company with over 10,000 enterprise customers in over 70 countries. The company is the second largest software vendor in Germany, and the seventh largest in Europe. Software AG is traded on the Frankfurt Stock Exchange under the symbol “SOW” and part of the technology index TecDAX. History The company was founded in 1969 by six young employees at the consulting firm AIV (Institut für Angewandte Informationsverarbeitung). One of the founders was the mathematician Peter Schnell, who later became chairman of the board for many years. ADABAS was launched in 1971 as a high-performance transactional database management system. In 1979, Natural, a 4GL application development English-like language, that was mainly developed by Peter Pagé, was launched. The company continued to open offices and subsidiaries in North America (1971), Japan (1974), UK (1977), France (1983), Spain (1984), Switzerland, Austria, Belgium, and Saudi A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rollbase
Infinite Blue Platform, (previously Rollbase) is a platform as a service (PaaS) software solution. It was founded by the eponymous software vendor based in Saratoga, California and previously owned by Progress Software (Nasdaq: PRGS) in June 2013. In May 2019, Rollbase was acquired bBC in the Cloud a business continuity and disaster recovery application company, who then formed the new companInfinite Blue as they expanded their offerings. Founded in 2007, the Rollbase platform allows users to create Software as a Service (SaaS) business applications using point and click, drag and drop In computer graphical user interfaces, drag and drop is a pointing device gesture in which the user selects a virtual object by "grabbing" it and dragging it to a different location or onto another virtual object. In general, it can be used to ... tools in a standard web browser with minimal programming. Product Rollbase provides software vendors, ISVs, and organizations with a multitenant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trilogy (company)
Trilogy is a software company based in Austin, Texas. It specializes in software products to Global 1000 companies, especially in the automotive, consumer electronics, and insurance agencies. It was founded by Stanford dropout Joe Liemandt. Trilogy has additional offices in Bangalore and Hangzhou. Its clients include Ford Motor Company, Daimler-Chrysler, Nissan, Goodyear, Prudential, Travelers Insurance, Gateway, and IBM. Trilogy was a 90's pioneer of two new categories of enterprise software: config-price-quote (CPQ) software, which allowed distributed sales forces to accurately quote and configure complex solutions such as mainframes, central office switches, airplanes, and automobiles; and sales compensation software, which allowed sales leaders and HR teams to move sales commissions from spreadsheets to a software database and workflow engine. Trilogy was featured in the October 1998 ''Rolling Stone'' article "Wooing the Geeks". Trilogy is notable for its Trilogy Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Hat
Red Hat, Inc. is an American software company that provides open source software products to enterprises. Founded in 1993, Red Hat has its corporate headquarters in Raleigh, North Carolina, with other offices worldwide. Red Hat has become associated to a large extent with its enterprise operating system Red Hat Enterprise Linux. With the acquisition of open-source enterprise middleware vendor JBoss, Red Hat also offers Red Hat Virtualization (RHV), an enterprise virtualization product. Red Hat provides storage, operating system platforms, middleware, applications, management products, and support, training, and consulting services. Red Hat creates, maintains, and contributes to many free software projects. It has acquired several proprietary software product codebases through corporate mergers and acquisitions and has released such software under open source licenses. , Red Hat is the second largest corporate contributor to the Linux kernel version 4.14 after Intel. On Octob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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