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Launch of Progress Data Cloud Creates Platform to Accelerate AI Strategies and Digital Transformation

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Progress (PRGS) has launched Progress® Data Cloud℠, a managed Data Platform as a Service designed to streamline enterprise data and AI operations in the cloud. The platform offers managed hosting for Progress® Semaphore™ and Progress® MarkLogic® products, with plans for future expansion.

The new platform features simplified operations through automated infrastructure management, cost efficiency with predictable pricing and no egress fees, enhanced security with SOC 2 Type 1 compliance, and superior scalability for mission-critical operations. For MarkLogic customers, it provides managed hosting with full feature parity, while Semaphore users will find it replacing Semaphore Cloud with improved performance and additional features.

The platform aims to help organizations accelerate their digital transformation and AI initiatives while reducing operational complexity and IT overhead, offering self-service access controls and comprehensive tenancy management.

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Positive

  • Launch of new revenue-generating cloud platform service
  • Expansion of product portfolio with managed hosting capabilities
  • No egress fees, offering cost advantages over competitors
  • SOC 2 Type 1 compliance, enhancing security credentials

Negative

  • initial product support (only Semaphore and MarkLogic)
  • Replacement of existing Semaphore Cloud service may require customer transitions

News Market Reaction 1 Alert

-5.48% News Effect

On the day this news was published, PRGS declined 5.48%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BURLINGTON, Mass., Jan. 23, 2025 (GLOBE NEWSWIRE) -- New offering empowers enterprises to simplify data operations and enhance AI capabilities in the cloud

Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced the launch of Progress® Data Cloud℠, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud. With Progress Data Cloud, customers can accelerate their digital transformation and AI initiatives while reducing operational complexity and IT overhead.

As global businesses scale their data operations and embrace AI, a robust cloud data strategy has become the cornerstone of success, enabling organizations to harness the full potential of their data for innovation and growth. Progress Data Cloud meets this critical need by providing a unified, secure and scalable platform to build, manage and deploy data architectures and AI projects without the burden of managing IT infrastructure.

“Organizations increasingly recognize that cloud and AI are pivotal to unlocking business value at scale,” said John Ainsworth, GM and EVP, Application and Data Platform, Progress. “Progress Data Cloud empowers companies to achieve this by offering a seamless, end-to-end experience for data and AI operations, removing the barriers of infrastructure complexity while delivering exceptional performance, security and predictability.”

Key Features and Benefits
Progress Data Cloud is a Data Platform as a service that enables managed hosting of feature-complete instances of Progress® Semaphore™ and Progress® MarkLogic®, with plans to support additional Progress products in the future. Core benefits include:

  • Simplified Operations: Eliminates infrastructure complexity with always-on infrastructure management, monitoring service, continuous security scanning and automated product upgrades.
  • Cost Efficiency: Reduces IT costs and bottlenecks with predictable pricing, resource usage transparency and no egress fees.
  • Enhanced Security: Helps harden security posture with an enterprise-grade security model that is SOC 2 Type 1 compliant.
  • Scalability and Performance: Offers superior availability and reliability, supporting mission-critical business operations, GenAI demands and large-scale analytics.
  • Streamlined User Management: Self-service access controls and tenancy management provide better visibility and customization.

For MarkLogic customers:
Progress Data Cloud accelerates time to production by offering managed hosting for the Progress® MarkLogic® Server database and the Progress® MarkLogic® Data Hub solution with full feature parity. Customers can benefit from enhanced scalability, security and seamless deployment options.

For Semaphore customers:
Replacing Semaphore Cloud, Progress Data Cloud provides a next-generation cloud platform with all existing Semaphore functionality plus new features for improved performance, security, reliability, user management and SharePoint Online integration.

“As enterprises continue to invest in digital transformation and artificial intelligence strategies, the need for robust, scalable and secure data platforms becomes increasingly evident,” said Stewart Bond, Vice President, Data Intelligence and Integration Software, IDC. “Progress Data Cloud addresses a critical market need by simplifying data operations and accelerating the development of AI-powered solutions. Its capabilities, from seamless infrastructure management to enterprise-grade security, position it as a compelling choice for organizations looking to unlock the full potential of their data to drive innovation and business value.”

Progress Data Cloud is a cloud-based hosting of foundational products that make up the Progress Data Platform portfolio.

Progress Data Cloud is now available for existing and new customers of the MarkLogic and Semaphore platforms. For more information, visit https://www.progress.com/data-cloud.

About Progress 
Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.  

Progress, MarkLogic, Semaphore, and Progress Data Cloud are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contacts:           
Kim Baker          
Progress        
+1-800-477-6473          
pr@progress.com


FAQ

What new features does Progress Data Cloud (PRGS) offer compared to Semaphore Cloud?

Progress Data Cloud offers improved performance, enhanced security, better reliability, advanced user management, and new SharePoint Online integration compared to the previous Semaphore Cloud service.

How does Progress Data Cloud (PRGS) handle data security and compliance?

The platform implements an enterprise-grade security model with SOC 2 Type 1 compliance, continuous security scanning, and comprehensive self-service access controls.

What cost benefits does Progress Data Cloud (PRGS) offer to enterprises?

Progress Data Cloud offers predictable pricing, transparent resource usage, and notably, no egress fees, helping reduce IT costs and operational bottlenecks.

Which Progress products are currently supported on Progress Data Cloud (PRGS)?

Progress Data Cloud currently supports Progress Semaphore and Progress MarkLogic, with plans to expand support for additional Progress products in the future.

How does Progress Data Cloud (PRGS) simplify AI operations for enterprises?

It provides a unified platform for building, managing, and deploying data architectures and AI projects without infrastructure management burden, supporting GenAI demands and large-scale analytics.
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