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 Corp. (PRGS) provides AI-powered digital experience and infrastructure software used to develop, deploy and manage applications, content, data movement and network operations. Its product portfolio spans Sitefinity, ShareFile, MOVEit, OpenEdge, Chef, Kemp LoadMaster, MarkLogic, DataDirect, Corticon, Flowmon and WhatsUp Gold, covering areas such as content management, document collaboration, managed file transfer, DevOps automation, application development, data connectivity and network security.
Company news commonly covers quarterly financial results, product releases, AI capabilities, security and compliance features, and global workforce operations. Recent recurring themes include Sitefinity Generative CMS, ShareFile document workflows, expansion of engineering and customer operations in India, corporate social responsibility reporting and STEM scholarship initiatives.
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.
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.