Progress Soft Stock Price, News & Analysis

Progress (NASDAQ: PRGS) has enhanced its Chef portfolio to support multi-cloud compliance and operator productivity, facilitating DevOps acceleration. New features include automation for cloud resources across AWS, Azure, and GCP, improved integration for operator productivity, and SaaS-based access to Chef products. Sundar Subramanian emphasized the importance of a DevSecOps approach for secure delivery. These updates aim to simplify the adoption of DevSecOps practices, responding to increasing organizational needs for security and compliance automation in cloud environments.

Progress (NASDAQ: PRGS) announced its 10th annual ChefConf, to be held virtually on September 7-9, 2021. The conference will unite industry leaders and DevOps professionals to discuss advancements in DevOps and DevSecOps. Notable speakers include experts from Google, Netflix, SAP, and UBS. The event aims to enhance skills and foster innovation in the DevOps space, featuring keynotes, workshops, and networking opportunities. Attendees will delve into topics such as infrastructure compliance and automation, helping them navigate the evolving landscape of technology.

Progress (NASDAQ: PRGS) announced that CFO Anthony Folger and VP of Investor Relations Michael Micciche will participate in investor meetings at Oppenheimer's 24th Annual Technology, Internet & Communications Conference on August 9. The virtual event, running from August 9-11, will showcase cutting-edge technologies and provide a platform for investors to assess leading companies in the sector. Interested parties can arrange one-on-one meetings by contacting an Oppenheimer representative or the conference coordinator.

Progress (NASDAQ: PRGS) has appointed Ian Pitt as its new Chief Information Officer. With over 30 years of IT leadership, Pitt will enhance the company’s IT strategy, focusing on security practices and M&A integration. He reports directly to CEO Yogesh Gupta, who emphasized the importance of IT for growth. Pitt's prior experience includes roles as CIO at LogMeIn and Thunderhead. His leadership is expected to drive innovation and operational efficiency, crucial for safeguarding Progress's infrastructure and supporting its growth strategy.

Progress (NASDAQ: PRGS) has announced the R2 2021 release of Telerik Test Studio, enhancing its UI test automation platform. Key improvements include advanced debugging capabilities for faster app deployment, new support for .NET 5, .NET Core, and .NET 6 Preview, and updated license management options for large teams. These upgrades aim to minimize testing cycle delays and improve operational efficiency. The release is available now, with a webinar scheduled for August 26 to provide further insights.

Progress (NASDAQ: PRGS) has launched MOVEit Cloud, a cloud-based Managed File Transfer (MFT) solution, available on Microsoft Azure for businesses in the UK and Australia. This offering is designed to aid compliance with data protection laws, including GDPR and CCPA, especially post-Brexit. MOVEit Cloud is compliant with PCI, SOC 2 type 2, and HIPAA standards, ensuring data security during transfers. The service allows organizations to maintain control and visibility over file transfers while benefiting from reduced latency and enhanced security.

Progress (NASDAQ: PRGS) recently announced the winners of its global hackathon, The Worthy Web, which ran from April 7 to May 24, 2021. The event attracted 1,200 developers from 83 countries, yielding 52 innovative projects aimed at benefiting humanity. Participants competed for $40,000 in cash and prizes across nine categories. The winning projects included applications focused on blood donation, environmentalism, and corporate social responsibility, demonstrating Progress' commitment to innovation and community engagement.

Progress (NASDAQ: PRGS) has expanded its Women in STEM scholarship series to India, introducing the Progress Software Akanksha Scholarship for Women in STEM, offering a $2,000 renewable scholarship for women pursuing degrees in computer science and related fields. This addition raises annual contributions to over $30,000. The company also announced the 2021 recipient of the Mary Székely Scholarship, Gavriela Tejedor Meyers, who will study at Wesleyan University. These initiatives highlight Progress's commitment to supporting women in technology both in the U.S. and globally.

Progress (NASDAQ: PRGS) announces that its MOVEit file transfer solution has achieved major recognition in G2’s Summer 2021 Grid Report, named a top Leader in Managed File Transfer with 21 awards including Easiest to Use and Best ROI. MOVEit also secured a Gold Medal at the SoftwareReviews Data Quadrant Awards for its exceptional user ratings. The solution, noted for ease of deployment and reliability, responds to increased electronic data exchange demands during the COVID-19 pandemic, ensuring secure and compliant data handling.