Progress Software Corporation is an American

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

that produces

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

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.

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. 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 eXcelon Corporation for approximately $24 million. In 2003, Progress Software acquired DataDirect Technologies for $88 million. In 2004, Progress Software acquired Persistence Software for $16 million. In 2005, Progress acquired complex event processing company Apama. In January 2006, Progress Software acquired Actional Corporation. In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing 3270 applications. 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 and Orbix, for $146 million.

2010s: Focusing and rebranding

In 2010, Progress Software acquired business process management vendor Savvion Inc. In April 2011, Progress Software sold their 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. In June 2012, the company sold its open source division FuseSource, which was spun out from the IONA business in October 2010, to Red Hat. In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to

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which created the company Aurea Software. In December 2012, the Orbix, Orbacus and Artix product lines were sold to Micro Focus International for $15 million. In 2013, Progress Software acquired Rollbase Inc. and Software AG acquired Apama activities from Progress Software. In 2014, Progress acquired Cincinnati-based Modulus. Also in 2014, Progress acquired Telerik, a provider of application development tools. In 2019, Progress Software acquired Ipswitch, Inc., an IT management vendor known for its MOVEit managed file transfer platform. In May 2016, Progress Software re-branded as "Progress" in an effort to "shed any doubts it was not living up to its name".

2020s: Targeted expansion

In 2020, Progress Software announced the acquisition of Chef Software Inc., the developers of the

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configuration management tool. The acquisition was completed by October 2020. In 2021, Progress Software acquired Kemp Technologies, who build load balancing products. The acquisition was completed on November 1, 2021. In 2023, Progress Software acquired database vendor MarkLogic Corporation. In 2024, Progress Software acquired ShareFile from Cloud Software. The acquisition was completed on October 31, 2024.

Products

The Progress portfolio includes solutions for enterprise integration,

data Data ( , ) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted for ...

interoperability, and application development, including

Software as a Service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike o ...

(SaaS) enablement and delivery.

Current products

* Sitefinity – web content management. * Sitefinity Digital Experience Cloud – customer experience tool for customer journey analysis, personalization, and optimization. * NativeChat – an AI platform for creating and deploying chatbots. * Corticon – business rules engine. * Kemp LoadMaster * Flowmon * WhatsUp Gold *

* Kendo UI – UI toolkit for web development. * Telerik – UI tools for .NET development. * Test Studio – test automation. * Fiddler Everywhere *DataDirect Connectors – connectors to integrate data across relational, big data and cloud databases. * DataDirect Hybrid Data Pipeline – hybrid connectivity to data in the cloud or on-premises. * MOVEit * WS_FTP * OpenEdge – 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

data breach A data breach, also known as data leakage, is "the unauthorized exposure, disclosure, or loss of personal information". Attackers have a variety of motives, from financial gain to political activism, political repression, and espionage. There ...

affecting various companies and government organizations. 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. The cybercriminal organization Clop was alleged to have been partially responsible for the attacks, and claimed responsibility for breaches of 1st Source, the

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, the New York City Department of Education, Putnam Investments, and

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among others.

References

{{reflist, refs= {{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 {{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 {{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 {{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 {{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 {{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 ''The Register'' (often also called El Reg) is a British Technology journalism, technology news website co-founded in 1994 by Mike Magee (journalist), Mike Magee and John Lettice. The online newspaper's Nameplate_(publishing), masthead Logo, s ...

, access-date=September 3, 2014 Software companies based in Massachusetts Companies listed on the Nasdaq Software companies of the United States