Formerly | Data Language Corporation |
---|---|
Company type | Public |
Nasdaq: PRGS S&P 600 Component | |
Industry | Computer software |
Founded | 1981 |
Headquarters | , U.S. |
Key people | Yogesh Gupta (president & CEO) |
Revenue | $602 million (2022) [1] |
Number of employees | 2,100 [2] |
Website | progress |
Progress Software Corporation is an American public company that produces software for creating and deploying business applications. Founded in Burlington, Massachusetts with offices in 16 countries, the company posted revenues of $531.3 million (USD) in 2021 and employs approximately 2100 people. [3]
Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981. [4] Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress. In May 2016, Progress Software re-branded as "Progress" in an effort to "shed any doubts it was not living up to its name". [5]
In 2002, Progress Software acquired Stylus Studio developer eXcelon Corporation for approximately $24 million. [6] In 2003, Progress Software acquired DataDirect Technologies for $88 million. [7] In 2004, Progress Software acquired Persistence Software for $16 million. [8] In 2005, Progress acquired complex event processing company Apama. [9] In January 2006, Progress Software acquired Actional Corporation. [10] In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing 3270 applications. [11] [12]
In 2008, Progress Software acquired Xcalia, a data integration company, and Mindreef, which developed SOAPscope products. In September 2008, Progress acquired IONA Technologies, developer of service-oriented architecture platforms Artix and Orbix, for $146 million. [13] [14] In April 2011, Progress Software sold their SWIFT integration product "ADS" (formally Iona's "Artix Data Services") to C24 Technologies Ltd. The product was re-branded to its former name "Integration Objects". In 2010, Progress Software acquired business process management vendor Savvion Inc. [15] [16]
In 2012, Progress announced its shift to become a much more narrowly focused specialist vendor, looking to sell or decommission most of their existing products. [17] [18] In June 2012, the company sold its open source division FuseSource, which was spun out from the IONA business in October 2010, to Red Hat. [19] In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to Trilogy which created the company Aurea Software. [20] In December 2012, the Orbix, Orbacus and Artix product lines were sold to Micro Focus International for $15 million. [21]
In 2013, Progress Software acquired Rollbase Inc. [22] and Software AG acquired Apama activities from Progress Software. [23]
In 2014, Progress acquired Cincinnati-based Modulus. [24] Also in 2014, Progress acquired Telerik, a provider of application development tools. [25] [26]
In 2019, Progress Software acquired Ipswitch, Inc., an IT management vendor known for its MOVEit managed file transfer platform. [27] [28]
In 2020, Progress Software announced the acquisition of Chef Software Inc., the developers of the Chef configuration management tool. The acquisition was completed by October 2020. [29] [30] [31]
In 2021, Progress Software acquired Kemp Technologies, who build load balancing products. [32] The acquisition was completed on November 1, 2021. [33]
In 2023, Progress Software acquired database vendor MarkLogic Corporation. [34]
The Progress portfolio includes solutions for enterprise integration, data interoperability, and application development, including Software as a Service (SaaS) enablement and delivery.
In 2023, a security vulnerability in Progress-owned file transfer software MOVEit was exploited in a data breach affecting various companies and government organizations. [44] A running total maintained by cybersecurity company Emsisoft showed that more than 2,500 organizations were known to have been impacted as of October 25, 2023 with more than 80 percent of those organizations being US-based. [45] The cybercriminal organization Clop was alleged to have been partially responsible for the attacks, [46] and claimed responsibility for breaches of 1st Source, the BBC, British Airways, the New York City Department of Education, [47] Putnam Investments, and Shell among others. [48] [49]
McAfee Corp., formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California.
Software AG is a German multinational software corporation that develops enterprise software for business process management, integration, and big data analytics. Founded in 1969, the company is headquartered in Darmstadt, Germany, and has offices worldwide.
Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys supplies tools and services to the semiconductor design and manufacturing industry. Products include tools for logic synthesis and physical design of integrated circuits, simulators for development, and debugging environments that assist in the design of the logic for chips and computer systems. As of 2023, the company is a component of both the Nasdaq-100 and S&P 500 indices.
Dell EMC is an American multinational corporation headquartered in Hopkinton, Massachusetts, and Round Rock, Texas, United States. Dell EMC sells data storage, information security, virtualization, analytics, cloud computing and other products and services that enable organizations to store, manage, protect, and analyze data. Dell EMC's target markets include large companies and small- and medium-sized businesses across various vertical markets. The company's stock was added to the New York Stock Exchange on April 6, 1986, and was also listed on the S&P 500 index.
Cognos Incorporated was an Ottawa, Ontario-based company making business intelligence (BI) and performance management (PM) software. Founded in 1969, at its peak Cognos employed almost 3,500 people and served more than 23,000 customers in over 135 countries until being acquired by IBM on January 31, 2008. While no longer an independent company, the Cognos name continues to be applied to IBM's line of business intelligence and performance management products.
Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities.
Fortinet, Inc. is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.
IONA Technologies was an Irish software company founded in 1991. It began as a campus company linked to Trinity College Dublin had its headquarters in Dublin, and eventually also expanded its offices in Boston and Tokyo. It specialised in distributed service-oriented architecture (SOA) technology, its products connecting systems and applications by creating a network of services without requiring a centralised server or creating an information technology project. IONA was the first Irish company to float on the NASDAQ exchange. It was valued at up to US$1.75 billion at its peak. It was one of the world's 10 largest software-only companies, and around 30 new ventures spun out from it. IONA was sold to Progress Software in 2008.
Rogue Wave Software was an American software development company based in Louisville, Colorado. It provided cross-platform software development tools and embedded components for parallel, data-intensive, and other high-performance computing (HPC) applications.
iMacros is a browser-based application for macro recording, editing and playback for web automation and testing. It is provided as a standalone application and extension for Mozilla Firefox, Google Chrome, and Internet Explorer web browsers. Developed by iOpus/Ipswitch, It adds record and replay functionality similar to that found in web testing and form filler software. The macros can be combined and controlled via JavaScript. Demo macros and JavaScript code examples are included with the software. Running strictly JavaScript-based macros was removed in later versions of iMacros browser extensions. However, users can use alternative browser like Pale Moon, based on older versions of Mozilla Firefox to use JavaScript files for web-based automated testing with Moon Tester Tool.
Qlik [pronounced "klik"] provides a business analytics platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. The company's main products are Qlik Replicate and Qlik Sense, both software for business intelligence and data integration.
Micro Focus International plc was a British multinational software and information technology business based in Newbury, Berkshire, England. The firm provided software and consultancy. The company was listed on the London Stock Exchange and the New York Stock Exchange until it was acquired by the Canadian software firm OpenText in January 2023.
Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a web-style interface. Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations.
Progress Chef is a configuration management tool written in Ruby and Erlang. It uses a pure-Ruby, domain-specific language (DSL) for writing system configuration "recipes". Chef is used to streamline the task of configuring and maintaining a company's servers, and can integrate with cloud-based platforms such as Amazon EC2, Google Cloud Platform, Oracle Cloud, OpenStack, IBM Cloud, Microsoft Azure, and Rackspace to automatically provision and configure new machines. Chef contains solutions for both small and large scale systems.
Ipswitch is an IT management software developer for small and medium sized businesses. The company was founded in 1991 and is headquartered in Burlington, Massachusetts and has operations in Atlanta (Alpharetta) and Augusta, Georgia, American Fork, Utah, Madison, Wisconsin and Galway, Ireland. Ipswitch sells its products directly, as well as through distributors, resellers and OEMs in the United States, Canada, Latin America, Europe and the Pacific Rim. Since 2019, Ipswitch is part of Progress Software.
Telerik AD is a Bulgarian company offering software tools for web, mobile, desktop application development, tools and subscription services for cross-platform application development. Founded in 2002 as a company focused on .NET development tools, Telerik now also sells a platform for web, hybrid and native app development.
Logi Analytics, Inc. is a computer software company headquartered in McLean, Virginia, United States with offices in the UK and Ireland. It offers interactive data visualization products for business intelligence and business analytics. On April 7, 2021, Logi Analytics, Inc. was acquired by insightsoftware.
Apama is a complex event processing (CEP) and event stream processing (ESP) engine, developed by Software AG. Apama serves as a platform for performing streaming analytics over a range of high volume/low latency inputs and applications, such as IoT devices, financial exchanges, fraud detection, social media and similar. Users can define data patterns to listen for and actions to take when these patterns are found, which are defined in the provided domain-specific language called the Event Processing Language (EPL). The core Apama engine is written in C++; the process can also optionally contain a JVM for interacting with user created Java code. Apama focuses on high throughput, low latency and memory efficient performance; used in both Intel benchmarks and smaller machines such as the Raspberry Pi, routers and other Edge/IoT devices. It is particularly noteworthy within the CEP space as being one of the earliest projects, a long term market leader, and innovator of many patents.
Datto, Inc. is an American cybersecurity and data backup company. In 2017, it was acquired by Vista Equity Partners. In 2022, it became a subsidiary of Kaseya.
A wave of cyberattacks and data breaches began in June 2023 after a vulnerability was discovered in MOVEit, a managed file transfer software.
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