Providing Best-in-Class Application Infrastructure Software
Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. We strive to increase your business’ effectiveness by offering you the most effective and open set of infrastructure products possible.
Progress products and technology are used by nearly 140,000 organizations in more than 180 countries, including 70% of the Fortune 100. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail, manufacturing, telecommunications, financial services, and government.
Today’s competitive times call for IT infrastructure solutions that will work together to support your business’ goals. See how Progress’ industry-leading solutions can modernize and streamline your IT environments and help your business achieve greater return on existing and future IT investments.
Since 1981 Progress Software has delivered superior software products and services that empower its partners and customers to dramatically improve their development, deployment, integration and management of quality applications worldwide.
Progress Software was founded as Data Language in 1981 by Joseph Alsop, Clyde Kessel, and Charles Ziering. Focusing on application development and deployment software, Data Language introduced its Progress database management and applications development system in the mid-1980s.
Data Language changed its moniker to Progress Software in 1987 and by the early 1990s had enhanced its products with interfaces to databases such as Oracle. The company went public in 1991 and released a Windows version of its software two years later.
By the mid-1990s Progress had established a global profile and acquired Apptivity, which let Progress offer tools for developing Java-based applications.
In 1999 Progress created a unit to offer products and services to independent software vendors looking to enter the application services provider market. In 2001 the company split its business into three operating units, establishing development software business Progress Company (a division of Progress Software), and forming wholly owned subsidiaries Sonic Software Corporation (messaging software) and NuSphere Corporation (open source software and services). Progress added new unit PeerDirect Corporation for distributed computing applications in 2002. That year the company acquired database software company eXcelon for $24 million in a move to expand its offerings to include XML services and database products.
The following year Progress acquired DataDirect Technologies, a supplier of data connectivity tools, for about $88 million in cash. Acquisitions of Persistence Software for $16 million in 2004 and Apama for about $25 million in 2005 helped expand its ObjectStore unit.
During fiscal 2006, the company continued to make significant progress on its strategic goal of providing a richer and broader portfolio of products to assist business and IT professionals in developing, deploying, integrating, and managing critical business applications.
In early fiscal 2006, Progress Software acquired NEON Systems, a leading provider of mainframe data access and integration software, and Actional Corporation, a provider of service-oriented architecture (SOA) management software.
In June 2006, Progress Software acquired Pantero, the industry’s first product to address the real-time semantic data integration challenges through a model-driven approach. In October 2006, the company acquired OpenAccess Software, a provider of development toolkits for rapid development of ODBC and JDBC drivers as well as ADO.NET and OLE DB providers.
In June 2008, Progress Software acquired Xcalia, a data integration leader that iscombined with DataDirect Technologies and strengthens the company’s support for standards-based data access. Also in June, Progress Software acquired Mindreef Inc. Mindreef develops and markets the award-winning Mindreef® SOAPscope® products, which enable business analysts, system architects, application developers, testers, operations and support staff to build, deploy, and maintain better software at each phase of an SOA, Web service or composite application development lifecycle. At the end of June 2008, Progress acquired IONA Technologies. IONA’s products offer cutting-edge, best-in-class technology and enable a wider variety of interoperability and deployment options, including the support of high-performance, mission-critical systems based on C++ and CORBA.
In January 2010, Progress Software acquired Savvion Inc., a pioneering and leading provider of Business Process Management (BPM) technology. The combination of Progress Software’s Business Event Processing (BEP), Business Transaction Assurance (BTA) and Integration portfolio, coupled with the Savvion BPM suite better enables enterprises to achieve the highest levels of operational responsiveness.