Progress Soft Stock Price, News & Analysis

Progress (NASDAQ: PRGS) announced the first recipient of the Mary Székely Scholarship for Women in STEM, awarded to Kaya Dorogi from Marlborough, MA. The scholarship, honoring Progress' co-founder, provides $10,000 annually for women pursuing degrees in computer science and related fields. Kaya, a graduate of the Bancroft School, is recognized for her outstanding academic achievement and involvement in technology startups and STEM leadership initiatives. She will study computer science at Columbia University, embodying the entrepreneurial spirit celebrated by the scholarship.

Progress (NASDAQ: PRGS) announced that its Progress MOVEit has been awarded the Gold Medal in the 2020 Managed File Transfer Data Quadrant Awards by SoftwareReviews, marking the second consecutive year of recognition. Evaluated against nine MFT solutions, MOVEit excelled based on over 670 user reviews, ranking highly in features, usability, ease of integration, and administration. The award reflects the growing importance of secure file transfer solutions as remote workforces proliferate, emphasizing customer support and effective technology.

Progress has announced the release of MOVEit 2020, an enhanced secure Managed File Transfer (MFT) solution featuring MOVEit Mobile 2.0, designed for both on-premises and cloud deployment. The mobile app allows non-technical users to securely manage file transfers, especially in remote work environments. The update includes native support for Azure Blob storage, customizable security classifications, and a redesigned MOVEit Gateway. This release addresses the growing demand for secure file sharing and compliance needs as businesses adapt to hybrid working conditions.

Progress (NASDAQ: PRGS) announced winners of the 2020 Website of the Year Awards, recognizing excellence in design, user experience, and innovation across 13 categories. Over 11,000 votes were cast for websites powered by Progress Sitefinity. Notable winners included the Association for Institutional Research and Rhea Lana's. This event highlights the platform's capability in delivering engaging digital experiences, celebrating organizations that excel in leveraging Sitefinity features to overcome business challenges.

Progress (NASDAQ: PRGS) announced the appointment of Jeremy Segal as Senior Vice President, Corporate Development. With over 20 years of experience in M&A at technology firms, Segal is set to spearhead the company’s inorganic growth strategy, aiming to double in size through acquisitions within five years. His previous roles include Global Head of Corporate Development at LogMeIn and Vice President at Akamai Technologies, where he managed over 35 acquisitions valued at $8 billion. CEO Yogesh Gupta expressed confidence in Segal's ability to enhance shareholder value through disciplined acquisition efforts.

Progress (NASDAQ: PRGS) has launched the Sitefinity 13 Digital Experience Platform, enhancing personalization and productivity for organizations facing digital transformation challenges. The platform offers capabilities such as data-driven analytics, omni-channel engagement, and machine learning insights to optimize customer journeys. In a recent survey, 79% of organizations emphasized the need for digital experiences to gain competitive advantages. Progress aims to help businesses adapt to changing consumer behaviors and improve operational efficiency, crucial in the current unpredictable market landscape.

Progress (NASDAQ: PRGS) has strengthened its collaboration with Microsoft, integrating Microsoft Azure services into the Progress Sitefinity digital experience management platform. This expansion positions Sitefinity as a full Platform-as-a-Service (PaaS) on Azure, enhancing developer productivity and streamlining digital experience implementations. The integration includes key Azure features that facilitate efficient management and deployment of digital services. Customers have reported going live on the platform in as little as ten business days and experiencing up to 66% faster page load times.

Progress Software (NASDAQ: PRGS) has launched OpenEdge 12.2, enhancing application development capabilities with a focus on cloud-first, business continuity, and security. This update introduces features such as immediate auto recovery, improved performance monitoring, and the potential for up to 200% increase in data throughput compared to earlier versions. Security improvements include OpenSSL library upgrades and enhanced user permissions. Progress also offers a Long-Term Support (LTS) release for operational stability, ensuring customers can modernize without disrupting user experience.