Last $23.56 USD
Change Today -0.07 / -0.30%
Volume 168.9K
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Company Description

Contact Info

14 Oak Park Drive

Bedford, MA 01730

United States

Phone: 781-280-4000

Fax:

Progress Software Corporation operates as a software company that simplifies the development, deployment and management of business applications. The company’s comprehensive portfolio of products provides solutions for rapid application development, broad data integration and data analysis. The company’s products are sold as perpetual licenses, but certain products and business activities also use term licensing models and its new Progress Pacific platform offering uses a subscription based model. It has relationships with indirect channel partners, including application partners and original equipment manufacturers (OEMs). The company operates in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA); and the Asia Pacific region, through local subsidiaries as well as independent distributors. Products Application Development Progress OpenEdge Progress OpenEdge is a development software for building dynamic multi-language applications for secure deployment across any platform, any mobile device, and any cloud. OpenEdge provides a unified environment comprising development tools, application servers, application management tools, an embedded relational database management system, and the capability to connect and integrate with other applications and data sources independently or with other components in the Pacific platform. Progress Rollbase Progress Rollbase is rapid application development software that allows rapid creation of software as a service (SaaS) business applications using point and click, drag and drop tools in a standard Web browser with a minimal amount of code. Progress Rollbase applications can be deployed in any cloud or on-premise infrastructure. In addition to integrating with other components in the Pacific platform, it provides the capability to connect and integrate with other applications and data sources independently. Data Integration Progress DataDirect Connect Progress DataDirect Connect software provides data connectivity using interfaces to connect applications running on various platforms to any major database, for both corporate IT organizations and software vendors. With software components embedded in the products of approximately 350 software companies and in the applications of thousands of large enterprises. Progress DataDirect Cloud Progress DataDirect Cloud is 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 to integrating with other components in the Pacific platform, it provides the capability to connect and integrate with other applications and data sources independently. Business Rules Progress Corticon Progress Corticon is a Business Rules Management System (BRMS) that enables applications with decision automation, decision change process and decision-related insight capabilities. Corticon helps both business and IT users to quickly create or reuse business rules as well as create, improve, collaborate on, and maintain decision logic. In addition to integrating with other components in the Pacific platform, it provides the capability to connect and integrate with other applications and data sources independently. Platform as a Service Progress Pacific Progress Pacific is a platform-as-a-service (PaaS) that enables the rapid creation and deployment of data-driven business applications with minimal coding by using point-and-click, drag-and-drop tools in a Web browser. Standard interfaces enable fast, easy, real-time integration with various SaaS, relational database, NoSQL, Big Data, social, CRM and ERP data sources for automated applications. Professional Services The company’s global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The company’s education organization offers various training options, from traditional instructor-led courses to advanced learning modules available via the Web or on CDs. Research and Development As of November 30, 2013, the company has three primary development offices in North America, one primary development office in EMEA and one primary development office in India. The company spent $57.3 million, excluding an insignificant amount of capitalized software development in the year 2013 on product development. Customers The company markets its products through several channels: directly to end-users and indirectly to application partners (or ISVs), OEMs, and system integrators. The company also markets its products through indirect channels, primarily application partners and OEMs who embed its products as part of an integrated solution. Sales and Marketing The company sells its products and solutions through its direct global field operations, which comprises sales, service and support personnel worldwide. Additionally, the company sells its products and solutions through independent distributors. The company has sold its products and solutions to enterprises in approximately 180 countries. The company operates by region in the Americas, EMEA and the Asia Pacific. Customer Support: The company provides support to customers primarily through its main regional customer support centers in Bedford, Massachusetts; Morrisville, North Carolina; Rotterdam, The Netherlands; Hyderabad, India; and Melbourne, Australia. Competition The company competes in various markets with entities, such as salesforce.com, Inc.; Amazon.com, Inc.; Software AG; RedHat, Inc.; Pivotal Software, Inc.; Microsoft Corporation; and Oracle Corporation. History Progress Software Corporation was founded in 1981.

 

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Price/Sales 3.7x
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Price/Cash Flow 18.0x
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