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) announced that CEO Yogesh Gupta will present and hold one-on-one investor meetings at the 16th Annual Needham Technology & Media Conference on May 17, 2021, from 11:00 to 11:40 a.m. ET. The conference, taking place virtually from May 17-20, will feature over 350 public and private companies. Gupta will update on market drivers for Progress during his session. Interested parties can schedule meetings through Needham representatives or the conference coordinator.
Progress (NASDAQ: PRGS) has announced the release of Kendo UI R2 2021, expanding its JavaScript UI components library with over 100 native Angular components and 60 enhancements. This update includes new components such as BottomNavigation and MultiSelectTree, enhancing user engagement and performance. Additionally, updates for KendoReact, Kendo UI for jQuery, and Kendo UI for Vue aim to streamline app development and accessibility features. The release reaffirms Progress's commitment to developers, providing tools to create high-impact business applications efficiently.
Progress (NASDAQ: PRGS) announced the R2 2021 release of its Telerik developer tools, enhancing UI capabilities for Blazor and WinUI. The update introduces over 75 native components for Blazor, making it the largest UI library for this framework. The WinUI component library is also expanded with popular controls, boosting the development of modern Windows apps. Additionally, new features for Telerik Reporting include a Blazor Report Designer. This release supports the upcoming .NET 6, expected in November 2021, facilitating improved application development.
Progress (NASDAQ: PRGS) has introduced MOVEit 2021, a secure Managed File Transfer (MFT) software designed for both on-premises and cloud deployment. This release includes critical enhancements focused on security, usability, and integration, such as data encryption key rotation, multi-factor authentication, and improved REST API capabilities. In response to the shift towards hybrid work models, these features aim to facilitate secure file sharing in a changing business landscape. MOVEit 2021 is now available for customers looking to enhance their data transfer security.
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Progress (NASDAQ: PRGS) recently announced that its network monitoring software, WhatsUp Gold, has been recognized as a Leader in G2’s Winter 2021 Grid Report for Network Management, ranking first among 18 vendors. The software has garnered multiple accolades, including a 89% ROI within 12 months and rankings in various reports. Notably, it ranked third in the Mid-Market Grid for Network Monitoring and sixth in the general Grid report. This recognition underscores Progress's commitment to enhancing customer value and ensuring robust IT infrastructure management.
Progress Software Corporation (NASDAQ: PRGS) has priced its private offering of $325 million of 1.00% Convertible Senior Notes due 2026. The offering size increased from $300 million, with an option for initial purchasers to buy an additional $50 million. The Notes will bear interest at 1.00%, payable semi-annually, and have an initial conversion rate of 17.4525 shares per $1,000 principal. Proceeds are estimated at $316.1 million and will fund share repurchases and acquisitions. The Notes will close on April 13, 2021.
Progress Software, trading as PRGS, announced a $300 million offering of Convertible Senior Notes due 2026, aimed at qualified institutional buyers. An additional $45 million may be offered. The notes are unsecured and will mature on April 15, 2026, with conversion options including cash and stock. Proceeds will fund capped call transactions, stock repurchases of up to $20 million, and general corporate purposes. The offering is subject to market conditions, and the notes have not been registered under U.S. securities laws.
Progress (NASDAQ: PRGS) has launched The Worthy Web, a six-week global hackathon aiming to inspire developers to create impactful web applications during the COVID-19 pandemic. Kicking off April 7 and concluding May 24, the event offers $40,000 in cash prizes across multiple categories.
Winners will be announced on June 9, based on criteria such as community impact and execution quality. Additionally, a Weekly Worthy Web Show will provide insights on creating apps for societal betterment, promoting collaboration among participants.
Progress (NASDAQ: PRGS) has launched its Telerik UI for WinUI, offering day-zero support for Microsoft's new WinUI 3 framework. This development tool enables .NET developers to create modern, high-performing Windows applications. The UI controls enhance performance and unify the user experience across over 1 billion Windows 10 devices. Key features include accessibility, intuitive API, document processing, and improved navigation.
The product aims to facilitate rapid app development, marking a significant advancement in the company's product offerings.