Company Research Report: Progress Software Corporation
Company Overview
- Name: Progress Software Corporation
- Mission of the Company: To be the trusted provider of the best products to develop, deploy, and manage responsible AI-powered applications and experiences.
- Founded: 1981
- Founders: Joseph Alsop, Clyde Kessel, Mary Székely, Chip Ziering
- Key People:
- Yogesh Gupta, President and CEO
- Anthony Folger, Chief Financial Officer
- John Ainsworth, Executive Vice President, General Manager, Application and Data Platform
- Amanda Arria, Chief People Officer
- Loren Jarrett, Executive Vice President, General Manager, Digital Experience
- Jennifer Ortiz, Executive Vice President, Marketing
- Sundar Subramanian, Executive Vice President, General Manager, Infrastructure Management
- YuFan Stephanie Wang, Chief Legal Officer and Secretary
- Headquarters: Burlington, MA, USA
- Number of Employees: 2,300+
- Revenue: No specific revenue information is available
- Known For: AI-powered infrastructure software, developer tools, digital experience management solutions
Products
1. ShareFile
- Description: A SaaS-native platform for document-centric collaboration and workflow automation.
- Key Features: AI-powered collaboration, eSignature integration, secure file sync, and share.
2. Podio
- Description: A project management platform for task management and real-time collaboration.
- Key Features: Customizable workflows, real-time collaboration tools.
3. Sitefinity
- Description: A content and experience management suite.
- Key Features: Cross-platform digital experiences, content optimization, customer journey tracking.
4. Corticon
- Description: A decision automation platform.
- Key Features: Streamlines and automates complex business rules without coding.
5. Kemp LoadMaster
- Description: Application load balancing with layered security.
- Key Features: Available as virtual, hardware, and cloud-native.
6. Chef
- Description: Automation software for compliance and application delivery.
- Key Features: Infrastructure management automation, compliance enforcement.
7. MarkLogic
- Description: Enterprise-grade data management solution.
- Key Features: Integrates structured and unstructured data, maintains data quality.
Recent Developments
- Acquisitions:
- Completion of the acquisition of ShareFile from the Cloud Software Group.
- Recent acquisitions include Chef (2020) and Kemp (2021) to expand their product portfolio.
- Product Updates:
- Sitefinity version 15.1 released with AI enhancements for content editing and customer data modeling.
- Recognition:
- Recognized in the 2024 Gartner Magic Quadrant™ for DXP.
- Progress Flowmon named a Leader in the SPARK Matrix™ report for NDR.
- Partnerships and Events:
- Engaged in continual corporate development to explore new acquisitions.
- Hosts webinars to cover advancements in AI and their impacts on business value.
- Research and Strategy:
- Progress is executing a strategy to double the company size every five years through strategic acquisitions.
- Emphasis on implementing human-centered software design and fostering inclusion and diversity.
This document has been compiled using publicly available information from Progress Software Corporation as of October 2023. Please refer to the company’s official publications for the most current updates and announcements.
