|Exchange:||NASDAQ national market|
|Industry:||Software - Application|
|Progress Software was incorporated in Massachusetts. It is a global enterprise software company that enables organizations to achieve higher levels of business performance by improving their operational responsiveness. Operational responsiveness is the ability of business processes and systems to respond to changing business conditions and customer interactions as they occur. The Company offers a portfolio of best-in-class, real-time software solutions providing enterprises with significantly improved operational responsiveness within all events and activities that they participate. A key offering is the Progress® Responsive Process Management (Progress RPM®) suite that provides comprehensive visibility and insight into business systems and processes, event processing to respond to events that could affect performance, and business process management enabling companies to continually improve business processes without disruption to their ongoing operations or technology infrastructure. Progress RPM enables enterprises to achieve a higher level of business performance. The Company also provides enterprise data solutions and application development platforms. Additionally, the Company provides independent software vendors and end-user organizations software platform technology so that they can develop, deploy and manage sophisticated business applications in complex business environments. Its three segments are Application Development Platforms, Enterprise Business Solutions and Enterprise Data Solutions. Application Development Platforms segment includes the Progress OpenEdge® product set, which enables independent software vendors (ISVs) and end-user organizations to develop, deploy and manage sophisticated business applications in complex business environments. Enterprise Business Solutions segment includes solutions that provide responsive integration, business transaction management and real-time business visibility, business event processing, and business process management. Products in this segment include the Progress Control Tower®, the Progress Apama® event processing platform, the Progress Actional® business transaction management platform, the Progress Savvion® business process management suite, the Progress Sonic® integration products and the FuseSource™ open source infrastructure products. Enterprise Data Solutions segment helps drive operational responsiveness by delivering the right information, in the right form, at the right time. This segment includes solutions and products that provide data management, data integration, replication, caching, access, and security capabilities spanning multiple data sources. The Company globally markets its products direct to end-users and indirect to ISVs, OEMs, and System Integrators. Purchasers of its solutions and products through its direct sales force are generally either business managers or IT managers in corporations and government agencies. In addition, it market its DataDirect Connect and, and to OEMs who embed its products as part of an integrated solution. The Company sells its products and solutions through its direct global field operations, which comprise sales, service and support personnel, worldwide. The Company competes in various markets with a number of entities, such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and Tibco Software Inc.|
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