Progress Software
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| Type | Public (NASDAQ: PRGS) |
|---|---|
| Industry | Computer software |
| Founded | 1981 |
| Headquarters | Bedford, Massachusetts, U.S. |
| Key people | Richard D. Reidy President and CEO Barry Bycoff (Executive Chairman) |
| Website | www.progress.com |
Progress Software Corporation (Nasdaq: PRGS), formerly Data Language Corporation, is an American software company which sells business application infrastructure software. Its best known product is the OpenEdge ABL (formerly known as Progress 4GL), which was developed in the early 1980s. The best known application written in (on) Progress is MFG/PRO (from QAD Inc). Progress's headquarters are in Bedford. The company is composed of four operating units: Progress OpenEdge Division, Sonic Software, DataDirect Technologies, and Progress Real Time Division.
Progress Software was co-founded under the name Data Language Corporation by several MIT graduates, including Joseph W. Alsop, in 1981.[1] The company was renamed in 1987. Progress products and technology are used at over 60,000 organizations in 140 countries including 90% of the Fortune 500. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail (Smartstores), manufacturing, telecommunications, financial services, and government.
In October 2002 Progress Software acquired Boston based eXcelon Corporation (Nasdaq: EXLN, formerly Object Design, Nasdaq: ODIS) for approximately US$24 Million. Their XML database technology is now part of Sonic Software and their high performance Object Database technology, ObjectStore, is now part of Progress Real Time Division.
eXcelon also created an XML IDE, Stylus Studio, which is now sold by Progress Software.
In January 2006 Progress Software acquired Mountain View based Actional Corporation, which itself was the merger between Actional Corporation and WestBridge Technologies (an XML Security company). Actional has remained an independent product unit within Progress, and focuses on providing enterprise-class SOA Management, Security, and run-time Governance solutions that cross vendor and protocol boundaries, based upon open standards.[2]
In March 2006 Progress Software acquired Neon Systems, which offers a set of capabilities for companies seeking to modernize existing 3270 applications.[3]
During the mid-late-2000s, SonicMQ became a popular message broker made by Progress Software. It implements the Java Message Service 1.1 API.
In June 2008 Progress Software acquired Xcalia, a data integration company, and Mindreef, which developed SOAPscope products. In September 2008, Progress acquired IONA Technologies. IONA brought three product lines into the fold: FUSE (open source SOA), Artix (commercially-licensed SOA), and Orbix (CORBA infrastructure).
In early 2009, Richard D. Reidy succeeded Joseph Alsop as President and Chief Executive Officer.
In 2010, Progress Software acquired the Santa Clara, CA-based Savvion Inc., a provider of Business Process Management technology. Later that year, Progress announced the introduction of its Responsive Process Management (RPM) suite, including its Progress Control Tower.
[edit] References
- ^ "MIT-Related Companies with 10,000 Employees or More". Massachusetts Institute of Technology. http://web.mit.edu/newsoffice/founders/Table1.html. Retrieved 2007-04-02.[dead link]
- ^ Gardner, W. David (2006-01-20). "Progress Software acquires Actional for US$32 million". itnews.com.au. http://www.itnews.com.au/newsstory.aspx?CIaNID=23684. Retrieved 2007-04-02.[dead link]
- ^ "Progress Software Acquires NEON Systems". March 23, 2006. http://www.forrester.com/rb/Research/progress_software_acquires_neon_systems/q/id/39158/t/2.