Introducing Progress Pacific: Freedom for Cloud and Mobile Apps

  Introducing Progress Pacific: Freedom for Cloud and Mobile Apps

    Fundamental New Development Approach Provides Choice of Data Sources,
               Deployment Environments and Business Logic Tools

Business Wire

BEDFORD, Mass. -- June 10, 2013

Progress Software Corporation (NASDAQ: PRGS) today introduced Progress^®
Pacific^™, a powerful, easy-to-use platform for building and managing
“connected apps” on any cloud, mobile or social platform. Connected
applications integrate with real-time data from multiple sources for faster
business reaction, analysis and problem solving. Progress Pacific is a
fundamental new approach that gives businesses and independent software
vendors (ISVs) the freedom to choose the data sources, deployment environments
and business logic tools that best fit their needs.

This new platform is the foundation of a major PaaS (platform-as-a-service)
transformation Progress previously announced to address customer and partner
demand in one of the fastest growing IT markets. Today, businesses of all
sizes are experiencing unprecedented market pressures and are turning to
rapidly developed software applications for competitive advantage. These are
typically confined to a specific service platform and are insufficient without
integrated access to data from disparate SaaS, relational database, Big Data,
social, CRM and ERP systems. Progress Pacific will uniquely solve this problem
and eliminate lock-in with the industry’s most comprehensive set of integrated
capabilities, including:

  *Rapid Development Using A “Cool” Technology: Powerful, standards-based
    business applications can go from idea to reality faster with innovative
    point-and-click, drag-and-drop tools in a standard browser, saving time
    and money while also providing deployment freedom. To enable this,
    Progress has acquired Rollbase, Inc., a privately held independent
    software vendor based in Saratoga, CA, that was recently named “One of the
    Cool Vendors in PaaS” by Gartner, Inc.^* Over 10,000 users are using
    custom Rollbase™ applications in10 languages globally. See demo.
  *Connection To The Most Data Sources: A comprehensive set of SaaS,
    relational database, NoSQL, Big Data, social, CRM and ERP sources can be
    tapped into for automated, context-aware applications. Technology from
    Progress DataDirect^®, the world’s leading data connectivity provider,
    helps to unlock an application’s full value by allowing faster
    integration, analysis and decision making. See demo.
  *Unique Hybrid Deployment Options: Unlike other vendors where deployment
    options are restricted to either cloud or on-premise, Progress Pacific
    offers developers the opportunity to create cloud apps that can be
    deployed in multiple environments (cloud, on-premise, hybrid) as well as
    connect to existing applications. By working harmoniously with current
    applications, including those using OpenEdge^®, Corticon^® and other
    technologies, critical data is accessible, business logic is preserved and
    investments are protected.

Availability:

  *The Progress Pacific platform will be generally available later in
    Progress’ fiscal third quarter with the Rollbase product available
    immediately.

Customer, Partner and Analyst Quotes:

Krish Mani, senior vice president and CIO, JELD-WEN, said, “We are one of the
world’s leading manufacturers of reliable windows and doors. Our
Progress-based application environment allows us to keep our focus on
providing the best products and service, not the underlying IT infrastructure.
We believe that new platforms like Pacific can help us simplify development
even further as we create innovative, data driven applications to grow our
business.”

Tony Winter, chief technology officer at QAD, said, “Progress and QAD have
partnered for more than 20 years to deliver the technology that supports
ourenterprise resource planning(ERP) capabilities, used by many of the
world's leading manufacturers. Progress Pacific provides the building blocks
to enable our customers to achieve QAD's vision of Effective Enterprises,
where every business process is working at peak efficiency and perfectly
aligned to the customer’s strategic goals. "

Simon Fowler, managing director - commercial at Advanced Business Solutions
(Advanced), said, “This platform gives us the tools to quickly build and
enhance applications and moves from the traditional design, develop, test,
deliver model to a more agile development process where all stakeholders can
be involved not just in the decision but in the execution, build and
deployment of the application”

Carl Lehmann, IT analyst at 451 Research, said, “Application development teams
always struggle to keep up with business demands. Seeking efficiency in the
cloud era they are now considering platforms that emphasize configuration over
coding. PaaS offerings that integrate data connectivity, application
configuration and business rules, like that of Progress Software’s Pacific
offering, represent the next generation of appdev and hybrid cloud IT
strategy.”

Executive Quotes:

Phil Pead, president and CEO, at Progress, said, “Progress started 30 years
ago with a simple premise that software shouldn’t be the sole purview of the
computer programmer. That premise is still true today. We’ve designed this new
platform for application development with the user experience in mind. It is
built for the real world and the businesses that compete in it and where speed
and simplicity matter most. We’re making it possible for anyone to bring their
ideas to reality.”

Matt Robinson, co-founder and CEO of Rollbase, said, "We started Rollbase with
the goal of creating a rapid application development platform for building
cloud business applications with a minimal amount of code. After six years
growing Rollbase into an industry-recognized innovator we are thrilled to be
acquired by Progress Software to be at the center of Pacific."

Additional Resources:

Progress Corporate Blog

Progress OpenEdge Blog

Rollbase Blog

Follow the conversation on Twitter at #PRGSPacific and #PaaS

Follow Progress Software on Twitter, Facebook, LinkedIn and Google+

Follow Progress DataDirect on Twitter, Facebook, LinkedIn and Google+

Follow Rollbase on Twitter, Facebook and LinkedIn

About Progress Software Corporation

Progress Software Corporation(NASDAQ: PRGS) is a global software company that
simplifies the development, deployment and management of business applications
on-premise or in the cloud, on any platform or device,to any data
source,with enhanced performance, minimal IT complexity and low total cost of
ownership. Progress Software can be reached atwww.progress.comor
1-781-280-4000.

Follow Progress Software on Twitter: @ProgressSW. Follow Progress DataDirect
on Twitter: @DataDirect_News

*Gartner: "Cool Vendors in PaaS, 2013". Published April 15, 2013

Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to select only
those vendors with the highest ratings. Gartner research publications consist
of the opinions of Gartner's research organization and should not be construed
as statements of fact. Gartner disclaims all warranties, expressed or implied,
with respect to this research, including any warranties of merchantability or
fitness for a particular purpose.

Progress, Pacific, OpenEdge, DataDirect, Corticon and Rollbase are trademarks
or registered trademarks of Progress Software Corporation or one of its
subsidiaries or affiliates in the U.S. and other countries. Any other names
contained herein may be trademarks of their respective owners.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Progress
has identified some of these forward-looking statements with words like
“believe,” “may,” “could,” “would,” “might,” “should,” “expect,” “intend,”
“plan,” “target,” “anticipate” and “continue,” the negative of these words,
other terms of similar meaning or the use of future dates. Forward-looking
statements in this press release include, but are not limited to, statements
regarding the future operation, direction and success of Progress’s business.
There are a number of factors that could cause actual results or future events
to differ materially from those anticipated by the forward-looking statements,
including, without limitation: (1) Progress’ ability to release its product
development initiatives in a timely manner; (2) market acceptance of
Progress’s product development initiatives; (3) pricing pressures and the
competitive environment in the software industry and Platform-as-a-Service
market; (4) Progress’s ability to make technology acquisitions and to realize
the expected benefits and anticipated synergies from such acquisitions; (5)
economic conditions in the U.S. and international economies; (6) business and
consumer use of the Internet and the continuing adoption of Cloud
technologies; (7) the receipt and shipment of new orders; (8) Progress’s
ability to expand its relationships with channel partners and to manage the
interaction of channel partners with its direct sales force; (9) the timely
release of enhancements to Progress’s products and customer acceptance of new
products; (10) the positioning of Progress’s products in its existing and new
markets; (11) variations in the demand for professional services and technical
support; (12) Progress’s ability to penetrate international markets and manage
its international operations; and (13) changes in exchange rates. For further
information regarding risks and uncertainties associated with Progress’s
business, please refer to Progress’s filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal year ended
November 30, 2012 as amended, and Quarterly Report on Form 10-Q for the fiscal
quarter ended February 28, 2013. Progress undertakes no obligation to update
any forward-looking statements, which speak only as of the date of this press
release.

Contact:

Press:
Progress Software
Rick Lacroix, +1 781-280-4604
rlacroix@progress.com
Twitter: @ProgressSW
or
Investor:
Progress Software
Tom Barth, +1 781-280-4135
tobarth@progress.com
 
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