Progress Software


Progress Software Corporation is an American publicly held company headquartered in Bedford, Massachusetts. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management.
Progress posted revenues of $397.6 million in fiscal year 2017. The company employs approximately 1500 employees, and maintains offices in 16 countries.

History

Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, in 1981. Initially called Data Language Corporation, the company changed its name in 1987 to match that of its flagship product, Progress.
In October 2002, Progress Software acquired Boston based eXcelon Corporation for approximately US$24 Million. eXcelon created an XML IDE, Stylus Studio, which is now marketed by Progress Software.
In December 2003, Progress Software acquired DataDirect Technologies Ltd. for $88 million. In 2005, Progress acquired Apama and entered the Complex event processing Space.
In 2004, Progress Software bought out Persistence Software for $16 million.
In January 2006, Progress Software acquired Mountain View-based Actional Corporation, which itself was the merger between Actional Corporation and WestBridge Technologies. Actional focuses on providing enterprise-class SOA Management, Security, and run-time Governance solutions that cross vendor and protocol boundaries, based upon open standards.
In March 2006, Progress Software acquired Neon Systems, which offers a set of capabilities for companies seeking to modernize existing 3270 applications. In 2010, Progress Software acquired the Santa Clara-based Savvion Inc., a provider of Business Process Management technology. Later that year, Progress announced the introduction of its Responsive Process Management suite, including its Progress Control Tower.
In April 2011, Progress Software sold their SWIFT integration product "ADS" to C24 Technologies Ltd. The product was re-branded to its former name "Integration Objects".
In April 2012, Progress announced strategy shift to become a much more narrowly focused, specialist vendor, looking to sell or decommission most of their existing products.
In June 2013, Progress Software acquired Rollbase Inc., a platform as a service for rapid development of cloud business applications. Rollbase was recognized by Gartner as a "2013 Cool Vendor in PaaS".
In June 2013, Software AG acquired Apama activities from Progress Software.
In June 2014, Progress Software announced that it had acquired Cincinnati-based Modulus, a company providing a Node.js and MongoDB cloud platform.
In December 2014, Progress Software completed the acquisition of Telerik, a leading provider of application development tools.
On May 1, 2019, Progress Software completed the acquisition of Ipswitch, Inc., an IT management software developer for small and medium sized businesses, well known for its FTP client, WS_FTP.

Product

The Progress portfolio includes solutions for enterprise integration, data interoperability and application development, including Software as a Service enablement and delivery.
During the early-2000s, SonicMQ became a popular message broker made by Progress Software. It implements the Java Message Service 1.1 API.
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, Artix, and Orbix.
In June 2012, the company sold its subsidiary FuseSource, which was spun out from Progress in October 2010, to Red Hat. In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend to Trilogy which created the company Aurea Software. The company also announced that Jay Bhatt planned to step down from the positions and as a director, effective December 7.
In May 2016, Progress Software re-branded as "Progress" to emphasize its increased focus on delivering cloud-based software.
Current Product Portfolio
Adaptive User Experience
Automated Testing
Mobility and Serverless Cloud
Data Connectivity and Integration
Web Experience Management
Application Development