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Company Description

Contact Info

14 Oak Park Drive

Bedford, MA 01730

United States

Phone: 781-280-4000


Progress Software Corporation operates as a software company worldwide. The company’s portfolio of products provides major solutions for rapid application development, data integration and efficient data analysis. Its solutions are used across various industries. The company’s products are sold as perpetual licenses, but certain products also use term licensing models and the company’s cloud-based offerings use a subscription based model. The company has relationships with indirect channel partners, principally application partners and original equipment manufacturers (OEMs). Application partners are independent software vendors (ISVs) that develop and market applications using the company’s technology and resell its products in conjunction with sales of their own products that incorporate the company’s technology. OEMs are companies that embed the company’s products into their own software products or devices. The company operates in North America and Latin America; Europe, the Middle East, and Africa; and the Asia Pacific region, through local subsidiaries, as well as independent distributors. Segments OpenEdge segment This segment provides the product improvements and marketing support the partners need to sell more of their existing solutions to their customers. This segment is also focused on providing partners and direct end users with a clear path to develop and integrate cloud-based applications in the future. The solutions within this comprise: Progress OpenEdge Progress OpenEdge is development software for building multi-language applications for secure deployment across any platform, any mobile device, and any cloud. OpenEdge provides a unified environment comprising development tools, application servers, application management tools, an embedded relational database management system, and the capability to connect and integrate with other applications and data sources independently or with other Progress products. Progress Corticon Progress Corticon is a Business Rules Management System that enables applications with decision automation, decision change process and decision-related insight capabilities. Corticon helps both business and IT users to create or reuse business rules, as well as create, improve, collaborate on, and maintain decision logic. Corticon is a platform for automating and executing business changes. Data Connectivity and Integration segment This segment is focused on the growth of the company’s data assets, including the data integration components of its cloud offerings. This segment addresses the complex requirements that organizations have in accessing and integrating that data. The solutions within this segment comprise: Progress DataDirect Connect Progress DataDirect Connect software provides data connectivity using interfaces to connect applications running on various platforms to any major database, for both corporate IT organizations and software vendors. With software components embedded in the products of approximately 350 software companies and in the applications of various large enterprises, the DataDirect Connect product set is a global leader in the data connectivity market. The primary products, in addition to other drivers that the company has developed, are ODBC drivers, JDBC drivers and ADO.NET providers. They provide the capability to connect and integrate with other applications and data sources independently or with the company’s cloud-based offerings. Progress DataDirect Cloud Progress DataDirect Cloud is 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 DataDirect Cloud service executes SQL queries against the appropriate cloud data source, managing all of the complexity, APIs, and versioning for the host application. In addition to integrating with the company’s other cloud-based offerings, it provides the capability to connect and integrate with other applications and data sources independently. Application Development and Deployment segment This segment is focused on generating n


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Valuation PRGS Industry Range
Price/Earnings 100.0x
Price/Sales 3.3x
Price/Book 2.7x
Price/Cash Flow 35.7x
TEV/Sales 2.4x

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