| Type | Public (NASDAQ: PRGS) |
|---|---|
| Industry | Computer software |
| Founded | 1981 |
| Headquarters | Bedford, Massachusetts, U.S. |
| Key people | Jay Bhatt (President and CEO) Michael Mark (Chairman) Ramesh Loganathan (VP & Managing Director, Progress Software India, Hyderabad) |
| Website | www.progress.com |
Progress Software Corporation (Nasdaq: PRGS), formerly Data Language Corporation, is an American software company that sells business application infrastructure software. Its best known product is the OpenEdge ABL (formerly known as Progress 4GL), which was developed in the early 1980s.[1] The best known application written in (on) Progress is MFG/PRO (from QAD Inc). Progress's headquarters are in Bedford. The company is composed of the following operating units: Responsive Process Management (RPM), Responsive Business Integration (RBI), Responsive Business Applications (RBA), DataDirect. FuseSource is run as an independent subsidiary.
Progress Software was co-founded under the name Data Language Corporation by several MIT graduates, including Joseph W. Alsop, in 1981.[2] The company was renamed in 1987. 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.
In October 2002 Progress Software acquired Boston based eXcelon Corporation (Nasdaq: EXLN, formerly Object Design, Nasdaq: ODIS) for approximately US$24 Million.
eXcelon also created an XML IDE, Stylus Studio, which is now sold by Progress Software.
In 2005 Progress acquired Apama Software and entered the Complex Event Processing Space.
In January 2006 Progress Software acquired Mountain View based Actional Corporation, which itself was the merger between Actional Corporation and WestBridge Technologies (an XML Security company). Actional focuses on providing enterprise-class SOA Management, Security, and run-time Governance solutions that cross vendor and protocol boundaries, based upon open standards.[3]
In March 2006 Progress Software acquired Neon Systems, which offers a set of capabilities for companies seeking to modernize existing 3270 applications.[4]
During the mid-late-2000s, SonicMQ became a popular message broker made by Progress Software. It implements the Java Message Service 1.1 API. The term ESB was termed by David Chappell from the Progress Sonic team.
In June 2008 Progress Software acquired Xcalia, a data integration company, and Mindreef, which developed SOAPscope products. In September 2008, Progress acquired IONA Technologies. IONA brought three product lines into the fold: FUSE (open source SOA), Artix (commercially-licensed SOA), and Orbix (CORBA infrastructure).
In early 2009, Richard D. Reidy succeeded Joseph Alsop as President and Chief Executive Officer. In August 2011 it was announced he would step down when a successor is named.[5]
In 2010, Progress Software acquired the Santa Clara, CA-based Savvion Inc., a provider of Business Process Management technology. Later that year, Progress announced the introduction of its Responsive Process Management (RPM) suite, including its Progress Control Tower.
In late 2011, Jay Bhatt (erstwhile CEO of Autodesk Incorporation) joined Progress Software as the new President & CEO.