Welcome to our dedicated page for Progress Software (DE) news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Software (DE) stock.
Progress Software Corporation (Nasdaq: PRGS) is a global leader in providing software solutions that simplify the development, deployment, and management of business applications. Headquartered in Bedford, MA, the company offers a comprehensive suite of products designed to operate on-premise, in the cloud, on any platform, and on any device with minimal IT complexity and low total cost of ownership.
Progress' flagship product, OpenEdge, powers applications for over 400,000 end-user customers globally and more than 1,400 ISVs (Independent Software Vendors). The company also offers a variety of other robust products, including Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, and Corticon. These tools are designed to enhance application development, business continuity, data connectivity, network performance, and IT infrastructure management.
Progress derives revenue through perpetual licenses, term licensing models, and subscription-based models for its cloud-based offerings. The majority of its revenue comes from the United States, with significant additional revenue streams from Canada, EMEA (Europe, Middle East, and Africa), Latin America, and the Asia Pacific region.
Recent Achievements and Partnerships:
- In March 2024, Progress announced a strategic partnership with Veeam® Software to provide enterprise-ready cybersecurity solutions, combining Progress' Flowmon® Anomaly Detection System (ADS) with Veeam’s Data Protection and Ransomware Recovery capabilities.
- Flowmon ADS was recognized as a Technology Leader in the 2023 SPARK Matrix™: Network Detection and Response (NDR) report and won gold in the 2023 Globee® Cybersecurity Awards.
- In May 2024, Progress released the latest versions of Progress® Telerik® and Progress® Kendo UI®, enhancing AI integration, design-to-code productivity, and accessibility features across its .NET and JavaScript UI libraries.
Progress' continued innovation and strategic alliances underline its commitment to providing top-tier solutions that address modern IT challenges. Over 4 million developers and technologists across hundreds of thousands of enterprises depend on Progress to enhance their technology landscapes and drive business success.
Progress (Nasdaq: PRGS) announced that Emovis UK upgraded to WhatsUp Gold network monitoring software to enhance its IT operations across a 400-server environment. The previous solution lacked detailed alerts, causing missed performance issues and financial penalties. With WhatsUp Gold, Emovis can now monitor its entire infrastructure continuously, improving issue detection and response. This transition has significantly reduced operational costs and improved service reliability, empowering Emovis to avoid SLA violations and enhance customer experience.
Progress (Nasdaq: PRGS) has opened registration for its upcoming event, Progress360, scheduled for September 11-14, 2022, in Boston. This multi-dimensional event aims to tackle significant challenges in technology and information security, featuring speakers from leading organizations like Amazon and Google. Attendees will benefit from tailored content across various sectors, including developers, IT operations, and executive decision-makers. Keynote speaker Jason Pontin will address technology's role in solving major global issues. For registration and more information, visit www.progress.com/progress360.
On May 31, 2022, Americaneagle.com announced that five of its clients received awards in the 2022 Progress Sitefinity Website of the Year competition. This marks a significant achievement for Americaneagle.com as a Progress Titanium Partner, recognizing their exceptional digital experiences across various categories. The awarded clients include P.F. Chang's, RDO Equipment Co., Affinity Plus Credit Union, NECA, and Legal & General America. Over the past decade, 16 clients from Americaneagle.com have been honored in this prestigious program.
Progress (Nasdaq: PRGS) has announced the winners of the 2022 Sitefinity Website of the Year Awards, celebrating exceptional digital experiences created by partners and customers. Over 6,200 votes were cast to recognize winners across various categories, including Associations, Consumer Goods, and Healthcare. Highlighted successes include a 40% visitor increase for Diamant Zucker and a 6% session increase for Affinity Plus Federal Credit Union. Progress emphasizes its Sitefinity platform as a cloud-enabled solution that enhances customer engagement and delivers personalized experiences, recently honored by Gartner in its 2022 Magic Quadrant.
Progress (Nasdaq: PRGS) has launched **Telerik UI for .NET MAUI**, marking the **day-zero support** for .NET MAUI General Availability. This library is the most comprehensive suite of UI components for Microsoft's new framework, enabling developers to create **native cross-platform applications** for Android, iOS, Windows, and macOS from a single codebase. With over **50 customizable components**, including ListView and DataGrid, the suite allows developers to focus on user experience and business logic. This advancement enhances Progress's commitment to supporting the **3.5 million-strong** developer community.
Progress (Nasdaq: PRGS) has announced participation in the 17th Annual Needham Technology & Media Conference, with CFO Anthony Folger and VP of Investor Relations Michael Micciche representing the company. The conference will occur both in-person and virtually, providing opportunities for one-on-one meetings with qualified investors on May 18. Progress, a leader in infrastructure software, continues to empower businesses through innovative solutions that enhance application development and management. For more details, potential investors can reach out to the Needham conference coordinator.
Progress (Nasdaq: PRGS) announced the release of MOVEit 2022, an enhanced Managed File Transfer (MFT) software that simplifies secure file sharing within organizations. Key features include a new Microsoft Outlook Add-in for seamless file transfer, SQL Server Always-On compatibility for improved availability, and enhanced logging and reporting capabilities. This update aims to bolster data security and streamline user experience as data sharing increases in enterprises. MOVEit 2022 is available as a free upgrade for current customers.
Progress (PRGS) announced an exciting update for its Telerik and Kendo UI libraries, adding over 30 new components compatible with .NET 7 and enhancing cross-product integration. The release features nearly 100 UI components for Blazor, comprehensive support for .NET MAUI, and several new features aimed at improving developer productivity. Key updates include new components for both Telerik and Kendo UI frameworks, along with productivity tools for Visual Studio. This release underscores Progress's commitment to empowering developers in creating modern applications efficiently.
Progress (Nasdaq: PRGS) announces the launch of Progress Chef Cloud Security on May 25, aimed at enhancing DevSecOps capabilities for cloud environments. This solution supports compliance across various cloud assets, significantly improving security and management for organizations operating in multi-cloud landscapes. The offering aligns with the growing demand for cloud services, projected to exceed $1.3 trillion by 2025. Key features include policy checks throughout the DevOps pipeline and expanded integrations for diverse technologies, enhancing ease of use and operational efficiency.
Progress (Nasdaq: PRGS) has announced the launch of Progress360, a global conference merging DevReach, ChefConf, and an Executive Forum. Scheduled for September 11-14, 2022, this event aims to empower industry professionals with actionable insights tailored to their needs. Held at the Westin Waterfront Hotel in Boston, MA and streamed globally, it will feature discussions on app development technologies, DevOps, and executive leadership. The CEO emphasized the need for an innovator mindset in today’s competitive landscape.
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