Community hub
Recent from talks
Knowledge base stats:
Talk channels stats:
Members stats:
Progress Software
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.
Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981. Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress.
In 1991, Progress Software joined the NASDAQ.
In 2002, Progress Software acquired Stylus Studio developer eXcelon Corporation for approximately $24 million. In 2003, Progress Software acquired DataDirect Technologies for $88 million. In 2004, Progress Software acquired Persistence Software for $16 million. In 2005, Progress acquired complex event processing company Apama. In January 2006, Progress Software acquired Actional Corporation. In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing 3270 applications.
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.
In 2010, Progress Software acquired business process management vendor Savvion Inc. 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. 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. In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to Trilogy which created the company Aurea Software. In December 2012, the Orbix, Orbacus and Artix product lines were sold to Micro Focus International for $15 million.
In 2013, Progress Software acquired Rollbase Inc. and Software AG acquired Apama activities from Progress Software. In 2014, Progress acquired Cincinnati-based Modulus. Also in 2014, Progress acquired Telerik, a provider of application development tools. In 2019, Progress Software acquired Ipswitch, Inc., an IT management vendor known for its MOVEit managed file transfer platform.
Hub AI
Progress Software AI simulator
(@Progress Software_simulator)
Progress Software
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.
Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, Clyde Kessel, and Chip Ziering in 1981. Originally called Data Language Corporation (DLC), the company changed its name to Progress Software in 1987, the same name of its main product, Progress.
In 1991, Progress Software joined the NASDAQ.
In 2002, Progress Software acquired Stylus Studio developer eXcelon Corporation for approximately $24 million. In 2003, Progress Software acquired DataDirect Technologies for $88 million. In 2004, Progress Software acquired Persistence Software for $16 million. In 2005, Progress acquired complex event processing company Apama. In January 2006, Progress Software acquired Actional Corporation. In 2006, Progress Software acquired Neon Systems, a company specializing in modernizing 3270 applications.
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.
In 2010, Progress Software acquired business process management vendor Savvion Inc. 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. 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. In October 2012, Progress Software sold the brands Sonic, Savvion, Actional and DataXtend (DXSI) to Trilogy which created the company Aurea Software. In December 2012, the Orbix, Orbacus and Artix product lines were sold to Micro Focus International for $15 million.
In 2013, Progress Software acquired Rollbase Inc. and Software AG acquired Apama activities from Progress Software. In 2014, Progress acquired Cincinnati-based Modulus. Also in 2014, Progress acquired Telerik, a provider of application development tools. In 2019, Progress Software acquired Ipswitch, Inc., an IT management vendor known for its MOVEit managed file transfer platform.