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 been recognized with multiple awards in the first half of 2024 for its leadership, inclusive workplace culture, and contributions to the tech community. Notable accolades include being named one of Boston Business Journal’s Best Places to Work for the fourth consecutive year, ranking fourth in the large category. Progress also received honors from Forbes Business Awards, MassTLC, and USA Today for its commitment to inclusion, diversity, and sustainability. Key leaders were highlighted for their exemplary contributions, including Shirley Knowles and Jeremy Segal. Progress was also named a 2024 Middle Market Leader by the Boston Business Journal and ranked #13 in the Largest Software Developers in Massachusetts list.
Progress Software (Nasdaq: PRGS) will release its second quarter 2024 financial results on June 25, 2024, after market close. The results will cover the fiscal period ending May 31, 2024. A conference call will follow at 5:00 p.m. ET to discuss the outcomes. The call will be webcast live, with a replay available shortly after. Detailed dial-in information and supporting materials will be posted on the Progress Investor Relations webpage.
Progress (Nasdaq: PRGS) has announced its latest Q2 2024 release featuring enhanced capabilities in its Telerik and Kendo UI libraries. The release includes new UI components for Generative AI integration, enabling developers to create applications with AI-driven content and features. Additionally, improvements in design-to-production workflows with enhanced Figma UI Kits and a new unified rendering across different frameworks are introduced. The update also emphasizes accessibility with compliance to Section 508, WCAG 2.2, and WAI Aria standards. Further, Progress has added new capabilities for data visualization and legacy project modernization.
Progress announced that PruTech, a global IT services company, used Progress DataDirect to speed up and scale cloud migration for a healthcare insurer, saving months of development time. The solution, called Secure Database Gateway, exceeded expectations and is now available for other organizations. DataDirect technology helped create a centralized management capability, saving time and ensuring data security. Progress believes PruTech's solution will benefit their business and customers in the long run.
Progress Software Corp. (Nasdaq: PRGS) has announced that it will not be making an offer for MariaDB plc, confirming their compliance with Rule 2.8 of the Irish Takeover Rules. Progress reserves the right to reconsider this decision within the next 6 months if permitted under the rules. This announcement marks Progress's clear stance on their intentions regarding potential offers.
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