Last $23.50 USD
Change Today +0.34 / 1.47%
Volume 201.8K
As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Snapshot

Open
$23.25
Previous Close
$23.16
Day High
$23.50
Day Low
$23.23
52 Week High
09/26/13 - $26.95
52 Week Low
03/28/14 - $20.06
Market Cap
1.2B
Average Volume 10 Days
128.2K
EPS TTM
$1.00
Shares Outstanding
50.7M
EX-Date
--
P/E TM
23.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for PROGRESS SOFTWARE CORP (PRGS)

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progress software corp (PRGS) Details

Progress Software Corporation provides software solutions for various industries worldwide. Its solutions simplify the development, deployment, and management of business applications on-premise or in the cloud, on any platform or device, to any data source. The company offers application development solutions, including Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; and Progress Rollbase, which allows creation of software as a service (SaaS) business applications using point and click, and drag and drop tools in a standard Web browser. It also provides data integration solutions comprising Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms to any major database for corporate IT organizations and software vendors; and Progress DataDirect Cloud, a SaaS-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. In addition, the company offers Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; and Progress Pacific, a platform-as-a-service, which enables creation and deployment of data-driven business applications with minimal coding by using point-and-click and drag-and-drop tools in a Web browser. Further, it provides product maintenance, consulting, training, and customer support services. The company sells its products directly, as well as through independent distributors to end-users, independent software vendors, original equipment manufacturers, and system integrators. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.

progress software corp (PRGS) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $637.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $331.7K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $350.0K
Chief Product Officer and Senior Vice Preside...
Total Annual Compensation: $320.0K
Senior Vice President of Strategy and Corpora...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

progress software corp (PRGS) Key Developments

Progress Software Corporation Creates Agile Business Units to Accelerate Growth and Optimize the Developer and Customer Experience; Announces Changes in Management Team

Progress Software Corporation announced that it is making strategic changes to its organization to provide greater focus and agility in the delivery of next generation application development, deployment and integration solutions. Effective September 1, 2014, Progress will operate as three distinct business units: OpenEdge, Application Development and Deployment, and Data Connectivity and Integration, each with dedicated sales, product management and product marketing functions. These changes are designed to enable the business to better deliver against the fast paced requirements in the on-premise and cloud application development and data connectivity and integration markets. The three business units will be organized as follows: The OpenEdge business unit will be led by Jerry Rulli, who recently joined Progress. Rulli has over thirty years of experience in the software and technology industry, having served in executive positions at Iron Mountain and Infor. As Executive Vice President of Global Sales at Iron Mountain, Rulli designed and implemented a go-to-market transformation that aligned sales, marketing, and product management to targeted vertical markets and account segmentation which drove higher account retention, customer satisfaction and large account wins. During his six years at Infor, Rulli managed business lines and sales and professional services functions. This dedicated business unit will continue to drive growth within OpenEdge's large, diverse partner base by providing the product enhancements and marketing support these partners need to sell more of their existing solutions to their customers. The OpenEdge business unit will also be focused on providing partners and direct end users with a clear path to develop and integrate cloud-based applications in the future through the Pacific platform and Modulus. The Application Development and Deployment business unit will be led by Karen Tegan Padir, previously the company's Chief Technology Officer. This business unit will be focused on generating net new customers of the application development assets within its Pacific Platform, including Rollbase and Mobility, as well as Corticon and Modulus. Padir joined Progress in September 2012 as senior vice president and business line executive for OpenEdge. Under her leadership, the OpenEdge development platform was revitalized and major new versions incorporating advanced mobile and business rules capabilities introduced. As CTO, she has played a key role in the launch of the Pacific Platform and the acquisitions of Rollbase and Modulus. Prior to joining Progress, Padir held senior positions at EnterpriseDB and Sun Microsystems. This business unit will have the focus and agility of a start-up -- able to react quickly to changes in this rapidly-evolving market. Having a team solely focused on this market will enable it to deliver PaaS innovation at a rapid pace, and meet the demands of developers who are seeking to increase their productivity and move toward the cloud. The Data Connectivity and Integration business unit, which includes the company's DataDirect Connect, DataDirect Cloud and Easyl products, will be led by Michael Benedict, who previously was responsible for leading the company's PaaS and application development businesses. Progress established itself as a key player in the PaaS market during his leadership. Previously, Benedict led the Data Connectivity business line where he led the launch of DataDirect Cloud and growth of the company's data business. Benedict has held other senior leadership roles at Progress including vice president of product management; senior director of product management; senior director of operations and strategy, and director of Americas sales for the DataDirect business. Data is at the core of every application, and with the exponential growth in the number and volume of data sources, this business unit will address the increasingly complex challenges that organizations have in accessing and integrating that data. In connection with the new organizational structure, the company also announced that Andrew Zupsic, Progress' Senior Vice President, Global Field Operations, will be leaving the company effective September 1, 2014. John Goodson, Chief Product Officer, will also assume the role of Chief Technology Officer. In addition to being responsible for Progress's product development, as Chief Product and Technology Officer, Goodson will be responsible for defining and delivering the company's technology strategy, innovation and vision. Goodson joined Progress Software in 2003 and previously served as the general manager of both the DataDirect and Enterprise Business Systems divisions within Progress. In his role as Chief Product Officer, he was instrumental in the development of the Pacific platform and responsible for an increased focus on data connectivity technologies offered as-a-service through DataDirect.

Tulane School of Architecture Taps Progress to Add Another Dimension to Student Design

Progress announced that the Tulane University School of Architecture is using Progress(R) Rollbase(R), the rapid application development core of the Progress Pacific(TM) platform as a service (PaaS), to deliver more reliable and accessible printing services to its students via the web. By building a modern, easy to use web portal, the New Orleans, LA --based institution enabled students and faculty to save time and improve productivity. With the adoption of 3D printing, and the need for students to store and print large files for model creation, the Tulane School of Architecture's Digital Output Lab was struggling to accommodate the growing demand for advanced printing and manage the time-sensitive workflow, leading to inefficiency. The system needed to be re-engineered. Initially, the school was trying to manage files and printing using a barebones web form and communicating job updates manually. However, the software wasn't sufficient and jobs with large file sizes would choke the system. It also lacked flexibility and bandwidth to accommodate multiple users. The Tulane School of Architecture turned to consultant and Progress partner, Configment, to implement a robust and efficient way for students and faculty to share information and route output to the lab's printing workstations. As a result, the school was able to quickly and cost-effectively enhance its advanced printing functionality for students and staff using an application created and managed with Progress Rollbase software.

Progress Enhances DataDirect Cloud with OData Connectivity

Progress announced that it has expanded capabilities for its DataDirect Cloud data integration solution with new support for the Open Data Protocol (OData), a data access protocol for querying and updating data. This new capability makes it simple to interact with data from a variety of applications and programming languages so it's easier to consume by both information workers and developers from any platform or device. As businesses look to facilitate access to their wealth of data, OData provides the ideal means to standardize the link between applications and the broad spectrum of enterprise data sources. Because it is built on standards such as REST and JSON, OData makes it easy for mobile, enterprise mobile, SaaS, Web, and PaaS applications to access data from sources such as Salesforce, DB2, Oracle and SQL Server. Much like ODBC and JDBC have done to standardize data connectivity, OData is quickly becoming the standard protocol of choice for mobile and cloud apps in the increasingly agile enterprise. Combined with the speed and simplicity of the DataDirect Cloud solution, businesses can quickly realize results with real-time data analysis from any number of sources on mobile and Web applications. Additional data sources that can be accessed via the DataDirect Cloud data integration solution include: MySQL Enterprise, PostgreSQL, Apache Hadoop Hive, Amazon RedShift, Microsoft Dynamics CRM, Oracle Service Cloud, SugarCRM and Google Analytics.

 

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