Welcome to our dedicated page for Progress Software (DE) news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Software (DE) 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 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.
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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.
Progress (NASDAQ: PRGS) has released an updated version of its network monitoring software, WhatsUp Gold, which features enhanced usability and security improvements. Key updates include log management archiving, allowing businesses to adhere to compliance requirements and improve security audits, and support for OpenID Connect for user authentication across applications. Additionally, the software now supports Cisco Meraki devices and Microsoft Edge, addressing the needs of modern network administrators. These enhancements aim to optimize network monitoring and reduce troubleshooting times.
Progress (NASDAQ: PRGS) announced the R3 2021 release, enhancing their Telerik and Kendo UI product lines with over 50 new UI components and features. Key updates include more than 85 components for Blazor, new Telerik UI for MAUI, and multiple enhancements for WinUI. The Telerik and Kendo UI Kits for Figma aim to streamline collaboration between designers and developers. Enhanced support for .NET 6 is also included. The release is designed to help developers create applications faster and more efficiently.
Progress (NASDAQ: PRGS) announced the launch of Sitefinity DX 14.0, a digital experience platform that enhances multichannel content, integration, and analytics capabilities. This new platform supports low-code integration and chat-driven engagement, allowing organizations to craft tailored digital experiences. Recent research revealed that 35% of businesses have yet to adopt a DXP due to complexity and cost. Sitefinity DX 14.0 aims to simplify these challenges, enabling data-driven marketing and efficient content delivery, while recently being recognized as a leader in the digital experience platform space.