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) announced that CEO Yogesh Gupta has been appointed Co-Chair of the MassTLC Board of Trustees for a two-year term. Gupta is recognized for his role in the Executive Diversity and Inclusion Steering Committee and the Tech Compact for Social Justice, which aims to enhance diversity in Massachusetts' tech sector. Over 90 organizations have joined this initiative, making over 420 commitments to promote inclusion. Gupta emphasized his commitment to innovation and diversity within the tech community as he takes on this leadership role.
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Progress (NASDAQ: PRGS) announced the R3 2020 release of Test Studio, enhancing its .NET test automation platform. Key features include a redesigned Test Recorder UI that improves user experience and new support for Telerik UI for Blazor components. The updates aim to streamline software delivery for enterprises amidst modern agile and DevOps practices. The enhanced coding capabilities facilitate the combination of codeless tests with coded steps, promoting efficiency in automated testing workflows.
Progress (NASDAQ: PRGS) is hosting two webinars in November to help developers utilize the newly released .NET 5 platform. The first, 'The Future of Desktop Webinar', is on Nov. 5, focusing on desktop application development. The second, 'The State of .NET Webinar', takes place on Nov. 19, addressing new tooling and performance insights for .NET 5. Progress has been proactive in supporting .NET advancements, already integrating .NET 5 into its development tools, including Telerik UI for various platforms, enhancing developer productivity and application efficiency.
Progress (NASDAQ: PRGS) announced new innovations to enhance the adoption of its Chef DevSecOps portfolio for application development. Key updates include Chef Infrastructure Management, which improves secure infrastructure management and reduces upgrade times; Chef App Delivery, enabling 90% faster application deployment; and compliance enhancements for cloud resource scanning. Additionally, the new 'Learn Chef' skills validation program aims to expedite user training and skill acquisition. These initiatives support broader enterprise adoption and accelerate Progress’ growth in the DevSecOps market.
Progress (NASDAQ: PRGS) has announced that the Danville Area School District (DASD) in Pennsylvania implemented WhatsUp Gold for effective network monitoring amid the challenges of remote learning. The software supports 2,500 users and tracks 600GB of daily network traffic. Key benefits include easy implementation, comprehensive network visibility, and the ability to proactively manage devices. The IT team reports enhanced confidence in handling increased network demands as DASD transitions to a hybrid learning model.
On October 20, 2020, Progress (NASDAQ: PRGS) announced the launch of new DataDirect connectors aimed at bridging data gaps for marketing effectiveness. These connectors facilitate access to data across popular platforms like Google Analytics, HubSpot, Microsoft Dynamics 365, and Oracle Eloqua, enabling near real-time insights into campaign performance. Designed to ease the burden on IT and marketing teams, they reduce the time spent on data discovery and custom coding, thus enhancing productivity and decision-making capabilities.
Progress announced a significant upgrade to its OpenEdge development platform, improving data throughput speed by 3x and enhancing security and scalability. This upgrade, utilized by Constellation Financial Software, transitions their Lease & Loan Portfolio Management solution from Win32 to a web-based application, meeting the demand for fast and secure services in the financial sector. The new features include multi-threaded database capabilities and robust security with OpenSSL and Spring Security, ensuring the application can handle increased loads efficiently.
Progress (NASDAQ: PRGS) announces its DevReach conference, expecting over 1,600 software professionals to attend. The event will be held virtually from October 19-23 and streamed live on Twitch. Registration is free. Attendees will engage in live coding with industry experts, recognize community contributions, and participate in exclusive VR social events. Director of Developer Relations, Sara Faatz, emphasizes the importance of community connection during this virtual format. The conference aims to foster interaction and share the latest development trends.
Progress (NASDAQ: PRGS) has successfully acquired Chef Software for $220 million in cash, enhancing its position in the DevOps and DevSecOps markets. This acquisition aims to bolster Progress's offerings in application automation and compliance across multi-cloud and hybrid environments. CEO Yogesh Gupta expressed confidence that Chef will contribute positively to their growth strategy, starting from Q1 FY2021, with expected accretive effects on earnings per share and cash flow. The acquisition follows Progress's previous purchase of Ipswitch in 2019.