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Profile: Progress Software Corp (PRGS.OQ)

PRGS.OQ on NASDAQ Stock Exchange Global Select Market

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26 May 2017
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Progress Software Corporation, incorporated on December 31, 1981, is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The Company's offerings span Web, mobile and data for on-premise and cloud environments. 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 and solutions through its direct sales force and indirect channel partners. As of November 30, 2016, the Company sold its products and solutions to enterprises in over 180 countries. The Company distributes its products through systems integrators, resellers, distributors, and original equipment manufacturers (OEMs) partners in the United States and internationally.

The Company's global professional services organization delivers business solutions for customers through a combination of products, consulting and education. Its consulting organization offers project management, implementation services, custom development, programming and other services. Its consulting organization also provides services to Web-enable existing applications. Its education organization offers various training options, from traditional instructor-led courses to advanced learning modules available through the Web or on compact discs (CDs). Its services offerings include application modernization; data management, managed database services; performance enhancements and tuning, and analytics/business intelligence.

OpenEdge

The OpenEdge business segment provides product enhancements and marketing support to its partner base. The OpenEdge business segment is also focused on providing partners and direct end users with a path to develop and integrate cloud-based applications. The solutions within the OpenEdge Business Segment include Progress OpenEdge and Progress Corticon. Progress OpenEdge is development software for building multi-language applications for deployment across any platform, any device and any cloud. OpenEdge provides a unified environment consisting of 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 the Company's 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 create or reuse business rules, as well as create, collaborate on and maintain decision logic. Corticon is a platform for automating and executing business rules.

Data Connectivity and Integration

The DCI segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within the DCI Business Segment include Progress DataDirect Connect and Progress DataDirect Cloud. Progress DataDirect Connect software provides data connectivity using interfaces to connect applications running on various platforms to various databases, for both corporate IT organizations and software vendors. With software components embedded in the products of over 350 software companies and in the applications of various enterprises, the DataDirect Connect product operated in the data connectivity market, as of November 30, 2016. The primary products, in addition to other drivers include Open Database Connectivity (ODBC) drivers, Java Database Connectivity (JDBC) drivers and ADO.NET providers.

Progress DataDirect Cloud is a software-as-a-service (SaaS) based connection management service. The DataDirect Cloud service executes structured query language (SQL) queries against the cloud data source, managing Application program interface's (API's) and versioning for the host application. 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

The AppDev business segment is focused on generating customers for its application development assets. The solutions within the AppDev Business Segment include Dev Tools, NativeScript, Dev Cloud, Telerik Platform, Test Studio, Sitefinity and Progress Rollbase. Dev Tools is a cross-platform, user experience design, quality assurance, debugging and reporting suite for Web, mobile, desktop and Hyper Text Markup Language 5 (HTML5) applications. Utilizing Dev Tools enables developers to focus on business logic and not infrastructure. Included in Dev Tools are Fiddler and Kendo UI. NativeScript is an open-source application development platform that enables developers to use JavaScript to build cross-platform, native iPhone operating system (iOS) and Android applications. Dev Cloud is a cloud-based application design, deployment, hosting and testing suite featuring a hybrid application development environment, backend as a service, analytics and mobile testing.

The Telerik Platform is an application lifecycle solution that combines Dev Tools, Dev Cloud and Application lifecycle management (ALM) products into an integrated platform for mobile application development using any approach (Web, hybrid and native). Test Studio is an application lifecycle management suite for testing Web, mobile and desktop applications that covers the process from idea to deployment. Sitefinity 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 Web browser with a minimal amount of code. Progress Rollbase applications can be deployed in any cloud or on-premise infrastructure.

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

Company Address

Progress Software Corp

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

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