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) has received a prestigious 5-Star rating in CRN's 2021 Partner Program Guide, marking its ninth 5-star recognition and 12th year in the guide. This accolade highlights Progress Accelerate's robust partner program, which offers extensive tools and resources across three levels—Titanium, Gold, and Silver. The rating is awarded based on factors such as partner profitability and support, reflecting Progress's commitment to fostering partner growth in a competitive IT landscape.
Progress has launched new DataDirect connectors that facilitate direct, real-time connectivity to major data sources like Google BigQuery and Salesforce. Available on AWS Marketplace, these connectors simplify data movement for users of AWS Glue, a serverless data integration service. The connectors enhance access to real-time data, breaking down silos for better analytics and machine learning applications.
Progress aims to empower developers and analysts by improving data connectivity, throughput, and scalability across various platforms.
Americaneagle.com announced that its client websites for Legal & General America, Cleco, and XTRA Lease won in three categories at the 2021 Progress Sitefinity Website of the Year Awards. Recognized for their outstanding digital experiences, these sites were evaluated based on visual design, content, and innovation. The awards highlight the effectiveness of Americaneagle.com in utilizing the Sitefinity platform, with the company emphasizing that the platform has enabled high-quality website delivery. Progress, a key partner, acknowledged Americaneagle.com for its role in helping clients adapt to a changing digital landscape.
Progress (NASDAQ: PRGS) announced that the Association of Legal Administrators (ALA) has adopted its Sitefinity Cloud as the content management system. This implementation aims to reduce IT complexities while enhancing website performance for ALA's 8,500 legal professionals. Sitefinity Cloud offers benefits like automated updates, improved site speed, and the ability for marketing teams to manage content independently. The architecture supports rapid feature delivery and autoscaling to handle traffic fluctuations effectively.
Progress (NASDAQ: PRGS) announced the winners of its 10th annual Sitefinity Website of the Year Awards, recognizing exceptional digital experiences amid pandemic challenges. Winners were evaluated across criteria like visual design and innovation, with over 5,600 public votes cast. Highlights include:
- World Health Organization saw a 600% increase in site traffic.
- Osborne Quality Seeds achieved an 800% increase in Cyber Monday sales.
- Tom Tailor out-earned brick-and-mortar stores by 10% daily.
The awards celebrate organizations' ability to adapt and innovate in their digital strategies.
Progress (NASDAQ: PRGS) announced that CEO Yogesh Gupta will present and hold one-on-one investor meetings at the 16th Annual Needham Technology & Media Conference on May 17, 2021, from 11:00 to 11:40 a.m. ET. The conference, taking place virtually from May 17-20, will feature over 350 public and private companies. Gupta will update on market drivers for Progress during his session. Interested parties can schedule meetings through Needham representatives or the conference coordinator.
Progress (NASDAQ: PRGS) has announced the release of Kendo UI R2 2021, expanding its JavaScript UI components library with over 100 native Angular components and 60 enhancements. This update includes new components such as BottomNavigation and MultiSelectTree, enhancing user engagement and performance. Additionally, updates for KendoReact, Kendo UI for jQuery, and Kendo UI for Vue aim to streamline app development and accessibility features. The release reaffirms Progress's commitment to developers, providing tools to create high-impact business applications efficiently.
Progress (NASDAQ: PRGS) announced the R2 2021 release of its Telerik developer tools, enhancing UI capabilities for Blazor and WinUI. The update introduces over 75 native components for Blazor, making it the largest UI library for this framework. The WinUI component library is also expanded with popular controls, boosting the development of modern Windows apps. Additionally, new features for Telerik Reporting include a Blazor Report Designer. This release supports the upcoming .NET 6, expected in November 2021, facilitating improved application development.
Progress (NASDAQ: PRGS) has introduced MOVEit 2021, a secure Managed File Transfer (MFT) software designed for both on-premises and cloud deployment. This release includes critical enhancements focused on security, usability, and integration, such as data encryption key rotation, multi-factor authentication, and improved REST API capabilities. In response to the shift towards hybrid work models, these features aim to facilitate secure file sharing in a changing business landscape. MOVEit 2021 is now available for customers looking to enhance their data transfer security.
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