Progress Software

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Progress Software Corporation (Nasdaq: PRGS) is an American software company which sells business application infrastructure software. Its best known product is the Progress 4GL language, which was developed in the early 1980s. The best known application written in (on) Progress is MFG/PRO (from QAD). Progress is the largest software company based in Massachusetts; their headquarters are in Bedford. Progress is composed of four operating units: Progress OpenEdge Division, Sonic Software, DataDirect Technologies, and Progress Real Time Division.

In October 2002 Progress Software acquired Boston based eXcelon Corporation (Nasdaq: EXLN, formerly Object Design, Nasdaq: ODIS) for approximately US$24 Million. Their XML database technology is now part of Sonic Software and their high performance Object Database technology, ObjectStore, is now part of Progress Real Time Division.

eXcelon also created an XML IDE, Stylus Studio, which is now sold by Progress Software.

Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, in 1981. [1]Progress products and technology are used at over 60,000 organizations in 140 countries including 90% of the Fortune 500. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail (Smartstores), manufacturing, telecommunications, financial services, and government.