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Profile: Progress Software Corp (PRGS.OQ)

PRGS.OQ on NASDAQ Stock Exchange Global Select Market

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29 Sep 2016
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Progress Software Corporation, incorporated on December 31, 1981, is a global software company. The Company offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Company operates through three segments: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The Company's portfolio of products provides solutions for application development, data integration and data analysis. Its solutions are used across a range of industries. 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. The Company sells its products as perpetual licenses. Its products also use term licensing models and its cloud-based offerings use a subscription based model. The Company markets its products globally through channels, including end users and application partners, original equipment manufacturers (OEMs) and system integrators.

OpenEdge business segment

The OpenEdge business segment provides the product enhancements and marketing support to its partner base. The solutions within the OpenEdge business segment include Progress OpenEdge and Progress Corticon. Progress OpenEdge is development software for building multi-language applications for secure deployment across various platforms, various mobile devices and various clouds. OpenEdge provides a unified environment, including 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 Progress products. 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 information technology (IT) users to quickly create or reuse business rules, as well as create, collaborate on and maintain decision logic. Corticon is a platform for automating and executing business changes.

Data Connectivity and Integration business segment

The Data Connectivity and Integration business segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within Data Connectivity and Integration business segment include Progress DataDirect Connect and Progress DataDirect Cloud. The Progress DataDirect Connect software provides data connectivity using interfaces to connect applications running on various platforms to any database, for both corporate IT organizations and software vendors. The primary products, in addition to other drivers the Company has developed, are ODBC drivers, JDBC drivers and ADO.NET providers. The products provide the capability to connect and integrate with other applications and data sources independently or with its cloud-based offerings.

The Progress DataDirect Cloud is a software-as-a-service (SaaS) based connection management service that simplifies structured query language (SQL) access to a spectrum of cloud-based data sources through a single standards-based interface. The DataDirect Cloud service executes SQL queries against the appropriate cloud data source. In addition to integrating with its other cloud-based offerings, it provides the capability to connect and integrate with other applications and data sources independently.

Application Development and Deployment business segment

The Application Development and Deployment business segment is focused on generating net customers of the Company's application development assets, including its cloud-based offerings. The solutions within the Application Development and Deployment business segment include Telerik Dev Tools, Telerik Dev Cloud, Telerik Platform, Telerik ALM, Telerik Sitefinity, Progress Rollbase and Modulus. Telerik Dev Tools is a cross-platform, user experience design, quality assurance, debugging and reporting suite for next generation Web, mobile, desktop and hypertext markup language (HTML5) applications. Utilizing Telerik's Dev Tools enables developers to focus on business logic. The Telerik Dev Tools include Telerik Fiddler and Kendo UI. Telerik Dev Cloud is a cloud-based application design, deployment, hosting and testing suite featuring hybrid application development environment, backend as a service, analytics and mobile testing.

The Company's solution, Telerik Platform, is an application lifecycle solution that combines Telerik's Dev Tools, Dev Cloud and ALM products into an integrated platform for mobile application development using various approaches (Web, hybrid and native). Telerik ALM is an application lifecycle management suite, for testing Web, mobile and desktop applications, that covers the process from idea to deployment. The principal product that makes up Telerik ALM is Telerik Test Studio. Telerik Sifefinity is a Web content management and customer analytics platform for managing and optimizing digital experiences. Progress Rollbase is application development software that allows creation of SaaS business applications using point and click, and drag and drop tools in a standard Web browser. Progress Rollbase applications can be deployed in various clouds or on premise infrastructure. Modulus is a control platform for running Node.js applications. It also offers MongoDB cloud platform.

The Company competes with salesforce.com, Inc., Amazon.com, Inc., Software AG, RedHat, Inc., Pivotal Software, Inc., Microsoft Corporation and Oracle Corporation.

Company Address

Progress Software Corp

14 Oak Park Dr
BEDFORD   MA   01730-1414
P: +1781.2804473
F: +1781.2804095

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