Welcome to our dedicated page for Progress Soft news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Soft stock.
Progress Software Corporation (Nasdaq: PRGS) is a provider of AI-powered digital experience and infrastructure software. This news page aggregates company announcements, press releases and other coverage related to Progress, giving readers a central view of how the business evolves across its product portfolio and markets.
According to the company’s own descriptions, Progress focuses on software that helps customers develop, deploy and manage responsible AI-powered applications and personalized digital experiences. News about Progress often highlights updates to its digital experience platforms, such as Sitefinity and Agentic RAG for Sitefinity, where the company has introduced retrieval-augmented generation capabilities and dynamically generated digital experiences driven by trusted AI.
Progress also regularly reports on enhancements to its developer tools, including Telerik and Kendo UI, where it has added features like the Agentic UI Generator and AI coding assistants. These announcements provide insight into how Progress is embedding AI into application development workflows and user interface components.
Other recurring news themes include launches and updates for data and AI platforms such as Progress Agentic RAG and Progress Data Platform, new offerings in managed file transfer like Automate MFT, and developments at Progress Federal Solutions, the subsidiary focused on U.S. federal and public sector customers. Financial results, guidance updates and capital structure developments are reported through earnings releases and Form 8-K filings that are often accompanied by press releases.
Investors, developers, partners and customers can use this page to follow Progress Software’s product announcements, AI initiatives, platform enhancements, federal sector milestones and financial disclosures over time.
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.
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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.
Progress (NASDAQ: PRGS) announced that the German fashion brand Tom Tailor selected its Sitefinity Digital Experience Platform to enhance its ecommerce capabilities in response to the COVID-19 pandemic. By partnering with Vareo, Tom Tailor migrated its site to Sitefinity, creating a unified content and commerce platform. Within 10 days of launch, the ecommerce site surpassed its top brick-and-mortar store by 10% in earnings, and SEO scores increased by 71%. Additionally, the marketing team's efficiency improved, reducing agency costs by 70%.
Progress (NASDAQ: PRGS) expanded its partnership with Proginov, a leading ERP provider in France, enhancing its offerings with OpenEdge RDBMS and Telerik technologies. Proginov's ERP solution focuses on data management, protection, and user experience, aiding over 1,300 organizations. With 25 years of experience and nearly 300 employees, Proginov integrates OpenEdge capabilities, such as real-time data replication and encryption, supporting 24,000 concurrent users. Both companies emphasize their long-standing collaboration as key to Proginov's market leadership.