Progress Soft Stock Price, News & Analysis

Progress (NASDAQ: PRGS) has announced the enhanced release of Fiddler Everywhere, a web debugging proxy tool, now supporting HTTP/2. This upgrade allows developers to debug applications with improved efficiency across Windows, macOS, and Linux, utilizing fewer resources. The tool captures all HTTP(S) traffic and enables comprehensive performance analysis, including WebSocket support and advanced filtering capabilities. By simplifying the debugging process, Progress aims to enhance developer productivity significantly.

FileCloud has successfully raised $30 million in Series A funding, led by Savant Growth Fund I LP, with additional participation from Kennet Partners. The company has also secured a $10 million growth capital facility from Avidbank. This funding aims to accelerate innovation and support global market expansion. Notably, Ray Downes has been appointed as CEO and Peter Melerud as Chief Revenue Officer, both hailing from Kemp Technologies, which was recently acquired for $258 million by Progress Software (NASDAQ: PRGS).

Progress (NASDAQ: PRGS) has been recognized as one of the top employers in Massachusetts by The Boston Globe, ranking 12th in the Large Company category. The award, based on confidential employee surveys, highlights leadership, career development, and a supportive work environment. Additionally, Progress has earned Great Place to Work® certification in India, reflecting its commitment to employee satisfaction and a positive workplace culture. This year, Progress received 25 global recognitions for workplace excellence, emphasizing its focus on employee engagement and corporate social responsibility initiatives.

Progress (NASDAQ: PRGS) announced that Milwaukee County, Wisconsin has implemented Progress MOVEit to centralize and streamline secure file transfers across various departments.

The initiative addresses the challenges of disparate systems and ensures compliance with regulations like HIPAA. MOVEit enhances efficiency by allowing secure management of sensitive data, reducing manual transfers. The county expects to triple its usage of MOVEit in the next year, leveraging its workflow automation capabilities and improving collaboration.

Progress (NASDAQ: PRGS) has completed its acquisition of Kemp for $258 million in cash. This strategic move enhances Progress' capabilities in application experience management, optimizing application performance across cloud environments. The acquisition aims to strengthen Progress' existing offerings, including DevOps and network performance monitoring tools. The deal is anticipated to positively impact non-GAAP earnings per share and cash flow starting in Q4 2021. CEO Yogesh Gupta emphasized the growth potential and synergies this acquisition brings to their portfolio.

Progress announces that Build.One, a longtime customer, has achieved a 90% reduction in web app development time using Progress Corticon.js, a serverless rules engine. This integration allows Build.One to implement complex business rules without coding, improving user experiences and response times. The platform's UI command response time increased by 98%. With over 1,700 independent software vendors relying on Progress, the company emphasizes its commitment to accelerating business application development.

Progress (NASDAQ: PRGS) has announced the launch of MOVEit 2021.1, enhancing its Managed File Transfer (MFT) software to better support Web Content Accessibility Guidelines (WCAG) 2.1 compliance. This update aims to improve accessibility for users with disabilities, essential for ethical and business reasons. Key features include a new MySQL database, updates to maximum running tasks for enterprise workloads, and support for embedded images in HTML emails. MOVEit has been recognized as a Gold Medal winner for two consecutive years in the Managed File Transfer Data Quadrant Awards.

Progress (NASDAQ: PRGS) has launched the new Fiddler Jam, a secure troubleshooting solution designed for support teams to resolve customer issues effectively and efficiently. This tool allows teams to capture HTTP(S) logs, console logs, and screenshots, facilitating faster problem-solving, reducing issue resolution time by half. Key features include video recording of user sessions, event capture, and sensitive data masking. The introduction of Fiddler Jam aims to enhance customer satisfaction and streamline support processes by providing essential insights directly from the end user environment.