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.
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.
Progress (NASDAQ: PRGS) will host Progress Accelerated ’21, a virtual partner event on October 12-13, gathering over 250 global partners. The event will feature keynotes, breakout sessions, and networking opportunities focused on building future applications.
Attendees will learn about the Progress Accelerate Partner Program, designed to enhance partner effectiveness and success with various levels of support. The program has received a 5-Star rating in CRN’s 2021 Partner Program Guide.
Summary not available.
Progress (NASDAQ: PRGS) reported strong Q3 2021 results, with revenue of $147.4 million, up 34% year-over-year, and non-GAAP revenue reaching $152.6 million, reflecting a 38% increase. Diluted earnings per share rose to $0.70 from $0.53, marking a 32% growth. The company also signed an agreement to acquire Kemp for $258 million. Progress raised its full-year revenue guidance to $520 - $524 million and EPS to $1.56 - $1.58, showcasing confidence in its growth strategy.
Progress (NASDAQ: PRGS) announced the acquisition of Kemp for $258 million in cash, expected to close in October 2021. The acquisition aims to enhance Progress' offerings in Application Experience Management by integrating Kemp's solutions, known for optimizing application performance across cloud environments. This strategic move is set to boost recurring revenue, increase cash flow, and create shareholder value. The deal aligns with Progress' total growth strategy, emphasizing complementary technologies and robust customer bases.