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Last $27.17 USD
Change Today +0.39 / 1.46%
Volume 224.2K
PRGS On Other Exchanges
As of 5:20 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/24/15 - $27.80
52 Week Low
05/9/14 - $20.41
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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progress software corp (PRGS) Details

Progress Software Corporation provides software solutions for various industries worldwide. It offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; Progress DataDirect Connect software that offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software as a service (SaaS)-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. The company also provides Progress Pacific, a platform-as-a-service, which enables creation and deployment of data-driven business applications with minimal coding by using point-and-click and drag-and-drop tools in a Web browser; Progress Rollbase, which allows creation of SaaS business applications using point and click, and drag and drop tools in a Web browser; Modulus, a control platform for running Node.js applications; and Telerik Dev Tools, a cross-platform for next generation Web, mobile, desktop, and HTML5 applications. In addition, it offers Telerik Dev Cloud, a cloud-based application for design, deployment, hosting, and testing; Telerik Platform, an end-to-end application lifecycle solution; Telerik ALM, an application lifecycle management suite; and Telerik Sifefinity, a next-generation Web content management and customer analytics platform. Further, the company provides application development, consulting, training, and customer support services. It sells its products directly to end-users, as well as indirectly to application partners, original equipment manufacturers, and system integrators. The company was founded in 1981 and is headquartered in Bedford, Massachusetts.

1,075 Employees
Last Reported Date: 01/29/15
Founded in 1981

progress software corp (PRGS) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $650.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $375.0K
President of Application Development & Deploy...
Total Annual Compensation: $330.0K
Chief Technology Officer, Chief Product Offic...
Total Annual Compensation: $344.2K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $270.6K
Compensation as of Fiscal Year 2014.

progress software corp (PRGS) Key Developments

Progress Appoints Sean Doherty to the Role of Chief Sales Officer, Worldwide Sales, for the Progress Application Development and Deployment Business Unit

Progress announced the strategic hire of Sean Doherty to the role of Chief Sales Officer, Worldwide Sales, for the Progress Application Development and Deployment business unit. In this role, Doherty is focused on aligning sales goals, driving results as well as creating innovative and integrated sales initiatives to position Progress as the most important destination for developers the world over. Coming from high impact organizations including Red Hat and EnterpriseDB, Doherty. In addition to his wealth of experience, he has a proven track record for attracting, retaining and motivating successful sales professionals.

Progress Introduces New Telerik Kendo UI Capabilities for Building Modern Web and Mobile Applications

Progress announced enhancements to the Telerik Kendo UI comprehensive HTML5 and JavaScript UI framework, and its server wrappers for ASP.NET MVC, PHP and JSP, addressing the growing need for responsive design elements in cross-platform and mobile application development. Improved Responsiveness: Responsive design, a client-side technique for supporting multiple design layouts, has been expanding into the minds of application developers dedicated to delivering cross-platform solutions to accommodate the many sizes and scopes of devices, screen sizes and more. Historically, with the proliferation of the mobile web and the breadth of form factors and devices, responsiveness has gradually become an important requirement for modern user experience. The Kendo UI framework has responsiveness in its DNA, via a natural integration with the Bootstrap framework and an internal auto-resizing mechanism and API model. With the latest release of the Kendo UI suite, Telerik, a Progress company, has taken responsive design to the next level by introducing a range of improvements targeting mobile web applications of all types and sizes. These new features improve the user experience when interacting with mobile web apps as well as the effectiveness of message delivery by optimizing the usage of screen estate. New features enable developers to: Create a hamburger menu when placed inside of a responsive panel, for usage on smaller screens; Define whether to show the same Grid or TreeList content on desktop, tablet and phone, or specify different settings for each device; Automatically hide the left section of the SplitView widget with on-demand visibility; Shift the overflow of view options in Scheduler into dropdown lists or offer date abbreviations, when possible. Expanding on What Developers Love: With this release, the Kendo UI framework – and the suites for server-side development, UI for ASP.NET MVC, UI for PHP, and UI for JSP – have also made updates to some of its most popular widgets including: Export capabilities for all professional widgets; Excel-like filtering with check boxes and copy/paste cell text in Grid; Column features in TreeList, such as reordering and resizing, show and hide, and static (frozen) columns support; Exposure of visual templates in Chart for core elements, enabling developers to tweak or completely replace portions of the chart with custom visualizations; and virtual scrolling in ComboBox.

Progress Announces the Beta Availability of NativeScript™

Progress announced the beta availability of NativeScript™, an open source framework enabling developers to use JavaScript to build native mobile apps running on all major mobile platforms, including Apple iOS, Google Android and, in the future, Windows Universal. The NativeScript framework is designed to be very familiar to developers comfortable with web technologies such as HTML, CSS and JavaScript, minimizing the learning curve for web developers interested in building native mobile apps. It also uses an innovative method to expose 100% of underlying native device APIs to NativeScript developers, including immediate support for new APIs in new versions of iOS and Android. Telerik, and Progress see the NativeScript framework complementing mobile web and hybrid development approaches, like Apache Cordova and PhoneGap, for cross-platform app development, affording developers the luxury to continue to use JavaScript while gaining direct access to native APIs and UI built using high-performance, native platform UI components. With the NativeScript framework, developers can truly use a single skill set to build web, hybrid and native applications. Developed by Telerik, a Progress company, and available under the Apache v2 open source license at, the NativeScript framework enables developers to write JavaScript that can directly access native APIs. This means NativeScript apps have native performance and full API access, identical to apps created with native platform languages. With the NativeScript framework, developers can write just one app that works on every platform. As a result, developers save considerable development effort and don’t need to learn Objective C, Java and C# or have past experience with any native platform to use it. They can leverage their existing JavaScript skills to develop mobile apps. NativeScript support is also built in to Telerik AppBuilder, part of the Telerik end-to-end mobile application development platform, offering developers premium, no-setup tooling for building NativeScript apps.


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Valuation PRGS Industry Range
Price/Earnings 27.9x
Price/Sales 4.1x
Price/Book 2.5x
Price/Cash Flow 25.5x
TEV/Sales 3.2x

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