Progress Software

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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 $753 million (USD) in 2024.<ref>Template:Cite web</ref>

History

1980s: DLC to Progress Software

Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981.<ref>Template:Cite web</ref> Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress.

1990s: Public company

In 1991, Progress Software joined the NASDAQ.

2000s: Broad expansion

In 2002, Progress Software acquired Stylus Studio developer eXcelon Corporation for approximately $24 million.<ref>Template:Cite web</ref> In 2003, Progress Software acquired DataDirect Technologies for $88 million.<ref>Template:Cite web</ref> In 2004, Progress Software acquired Persistence Software for $16 million.<ref>Template:Cite web</ref> In 2005, Progress acquired complex event processing company Apama.<ref>Template:Cite web</ref> In January 2006, Progress Software acquired Actional Corporation.<ref>Template:Cite web</ref> In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing 3270 applications.<ref>Template:Cite web</ref><ref name="finz05" />

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.<ref name="Indo_Jun08_sale162M">Template:Cite news</ref><ref>eWeek Wed, 25 June 2008</ref>

2010s: Focusing and rebranding

In 2010, Progress Software acquired business process management vendor Savvion Inc.<ref>Template:Cite web</ref><ref>Template:Cite web</ref> 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 2012, Progress announced its shift to become a much more narrowly focused specialist vendor, looking to sell or decommission most of their existing products.<ref>Template:Cite web</ref><ref>Template:Cite web</ref> 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.<ref name="reg12" /> In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to Trilogy which created the company Aurea Software.<ref>Template:Cite web</ref> In December 2012, the Orbix, Orbacus and Artix product lines were sold to Micro Focus International for $15 million.<ref>Micro Focus International plc Template:Webarchive 2012-12-24</ref>

In 2013, Progress Software acquired Rollbase Inc.<ref name="passfront" /> and Software AG acquired Apama activities from Progress Software.<ref>Template:Cite web</ref> In 2014, Progress acquired Cincinnati-based Modulus.<ref>Template:Cite web</ref> Also in 2014, Progress acquired Telerik, a provider of application development tools.<ref>Template:Cite web</ref><ref name="TelerikAcq" /> In 2019, Progress Software acquired Ipswitch, Inc., an IT management vendor known for its MOVEit managed file transfer platform.<ref>Template:Cite web</ref><ref>Template:Cite web</ref>

In May 2016, Progress Software re-branded as "Progress" in an effort to "shed any doubts it was not living up to its name".<ref>Template:Cite web</ref>

2020s: Targeted expansion

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.<ref>Template:Cite web</ref><ref>Template:Cite web</ref><ref>Template:Cite web</ref> In 2021, Progress Software acquired Kemp Technologies, who build load balancing products.<ref>Template:Cite web</ref> The acquisition was completed on November 1, 2021.<ref>Template:Cite web</ref> In 2023, Progress Software acquired database vendor MarkLogic Corporation.<ref>Template:Cite web</ref> In 2024, Progress Software acquired ShareFile from Cloud Software.<ref>Template:Cite web</ref> The acquisition was completed on October 31, 2024. In 2025, Progress Software acquired Nuclia, a provider of agentic Retrieval-Augmented Generation (RAG) technology.<ref>Template:Cite web</ref>

Products

The Progress portfolio includes solutions for enterprise integration, data interoperability, and application development, including Software as a Service (SaaS) enablement and delivery.

Current products

  • Sitefinity<ref>Template:Cite web</ref> – web content management.
  • Sitefinity Digital Experience Cloud – customer experience tool for customer journey analysis, personalization, and optimization.
  • NativeChat – an AI platform for creating and deploying chatbots.<ref>Template:Cite news</ref>
  • Corticon<ref>Template:Cite web</ref> – business rules engine.
  • DataDirect Connectors<ref>Template:Cite press release</ref> – connectors to integrate data across relational, big data and cloud databases.
  • DataDirect Hybrid Data Pipeline<ref>Template:Cite web</ref> – hybrid connectivity to data in the cloud or on-premises.

Data breaches

In 2023, a security vulnerability in Progress-owned file transfer software MOVEit was exploited in a data breach affecting various companies and government organizations.<ref name="ArsInfo">Template:Cite web</ref> 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.<ref>Template:Cite web </ref> The cybercriminal organization Clop was alleged to have been partially responsible for the attacks,<ref>Template:Cite web</ref> and claimed responsibility for breaches of 1st Source, the BBC, British Airways, the New York City Department of Education,<ref>Template:Cite web</ref> Putnam Investments, and Shell among others.<ref name=":1">Template:Cite web</ref><ref>Template:Cite web</ref>

References

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