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Last $26.51 USD
Change Today -0.21 / -0.79%
Volume 98.9K
PRGS On Other Exchanges
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As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

14 Oak Park Drive

Bedford, MA 01730

United States

Phone: 781-280-4000

Fax:

Progress Software Corporation provides software solutions for various industries worldwide. The company’s comprehensive portfolio of products provides solutions for rapid application development, data integration, and data analysis. The company’s solutions are used across various industries. The company’s products are sold as perpetual licenses, but certain products and business activities also use term licensing models and its Progress Pacific platform offering uses a subscription based model. Majority of its worldwide license revenue is realized through relationships with indirect channel partners, principally application partners and original equipment manufacturers (OEMs). The company operates in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA); and the Asia Pacific region, through local subsidiaries as well as independent distributors. Business Units OpenEdge Business Unit The OpenEdge business unit provides the product enhancements and marketing support partners need to sell more of their existing solutions to their customers. The OpenEdge business unit 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 the OpenEdge Business Unit include the following: Progress OpenEdge Progress OpenEdge is development software for building dynamic 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 components in the Pacific platform. Progress Corticon Progress Corticon is a Business Rules Management System (BRMS) that enables applications with decision automation, decision change process and decision-related insight capabilities. Corticon helps both business and IT users to quickly create or reuse business rules as well as create, improve, collaborate on, and maintain decision logic. Data Connectivity and Integration Business Unit The Data Connectivity and Integration Business Unit (DCI) focuses on the growth of its data assets, including the data integration components of the Pacific Platform. This business unit addresses the complex challenges that organizations have in accessing and integrating that data. The solutions within the DCI Business Unit include the following: Progress DataDirect Connect Progress DataDirect Connect software provides data connectivity using industry-standard interfaces to connect applications running on various platforms to any major database, for both corporate IT organizations and software vendors. The primary products, in addition to other drivers 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 other components in the Pacific platform. Progress DataDirect Cloud Progress DataDirect Cloud is a 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, API’s, and versioning for the host application. Progress Easyl Progress Easyl is a cloud-based data preparation tool that allows non-technical business professionals to access data from any source with easy-to-use templates and no coding required. Application Development and Deployment (AppDev) Business Unit The Application Development and Deployment business unit is focused on generating net new customers of the application development assets within its Pacific Platform and, starting December 2, 2014, from Telerik. The solutions within the AppDev Business Unit include the following: Progress Pacific Progress Pacific is a modern platform-as-a-ser

 

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PRGS

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Valuation PRGS Industry Range
Price/Earnings 36.2x
Price/Sales 4.0x
Price/Book 2.5x
Price/Cash Flow 27.8x
TEV/Sales 2.9x
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