Progress

Progress Recognized by Gartner® in the 2024 Magic Quadrant™ for Digital Experience Platforms for Third Consecutive Year

Retrieved on: 
Monday, March 11, 2024

Progress was one of 14 vendors evaluated in the report, which analyzed the company’s overall “Completeness of Vision and Ability to Execute” on its digital experience platform (DXP).

Key Points: 
  • Progress was one of 14 vendors evaluated in the report, which analyzed the company’s overall “Completeness of Vision and Ability to Execute” on its digital experience platform (DXP).
  • Progress’ Digital Experience (DX) portfolio gives organizations the power to rapidly build and deliver expansive digital experiences, across websites, portals and applications of all types, to help drive customer acquisition, retention and competitive success.
  • Most recently, it was named as a Leader in G2’s Winter 2024 Grid Report® for Digital Experience Platforms (DXP).
  • Progress was also recognized as a 2023 Gartner Peer Insights Customers’ Choice for DXP2, based on ratings from end-users.

Progress Announces Amended Credit Facility

Retrieved on: 
Thursday, March 7, 2024

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) --  Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities. The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029. As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.  

Key Points: 
  • BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software, today announced that it has entered into a Fourth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured credit facilities.
  • The revolving facilities under the Amended Credit Agreement will mature on March 7, 2029.
  • As of the closing date, the Amended Credit Agreement has no term loan facility and there are no revolving credit loans outstanding.
  • Progress CFO Anthony Folger stated, “This new credit facility provides more scale and flexibility, both of which are important to support Progress’ continued growth.

Progress Opens Applications for 2024 Women in STEM Scholarship Series in Bulgaria and India Honoring International Women’s Day

Retrieved on: 
Thursday, March 7, 2024

BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that the application process for the 2024 Women in Tech Scholarship program in Bulgaria and the Akanksha Scholarship for Women in STEM in India, both part of the Progress Women in STEM Scholarship series, will open Friday, March 8 in honor of International Women's Day. The deadline to submit for both scholarships is Friday, April 12, 2024.

Key Points: 
  • “Appropriately, the United Nations’ theme for this year’s International Women’s Day is, ‘Invest in Women: Accelerate Progress’, putting a spotlight on greater economic inclusion for women and girls everywhere to reach their full potential,” said Yogesh Gupta, CEO, Progress.
  • The Akanksha Scholarship for Women in STEM in India is a four‐year, renewable scholarship of up to INR 1,50,000 (approximately $2,000) annually to cover tuition, fees and educational expenses.
  • The 2024 Mary Székely Scholarship for Women in STEM is a $10,000, four-year renewable scholarship to cover tuition, fees and educational expenses.
  • The Women in STEM Scholarship series is part of the Progress for Tomorrow Corporate Social Responsibility (CSR) program.

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering

Retrieved on: 
Wednesday, February 28, 2024

The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.

Key Points: 
  • The offering of the Notes is expected to close on March 1, 2024, subject to customary closing conditions.
  • The Notes will be Progress’ senior unsecured obligations and will mature on March 1, 2030, unless earlier converted, redeemed or repurchased.
  • Before November 1, 2029, Noteholders will have the right to convert their Notes only upon the occurrence of certain events.
  • This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.

COLLEGE TRANSFER ENROLLMENT GREW BY 5.3% IN THE FALL OF 2023

Retrieved on: 
Wednesday, February 28, 2024

Herndon, Va, Feb. 28, 2024 (GLOBE NEWSWIRE) -- College transfer enrollment grew in the fall of 2023 by 5.3 percent compared to fall 2022 (+62,600), according to the latest report from the National Student Clearinghouse Research Center.

Key Points: 
  • Herndon, Va, Feb. 28, 2024 (GLOBE NEWSWIRE) -- College transfer enrollment grew in the fall of 2023 by 5.3 percent compared to fall 2022 (+62,600), according to the latest report from the National Student Clearinghouse Research Center.
  • Transfer enrollment represents 13.2 percent of all continuing and returning undergraduates, up from 12.5 percent last year and 12.3 percent in fall 2021.
  • The first portion of the report describes the enrollment, demographic characteristics, and transfer behaviors of 11.7 million undergraduate students in fall 2023, from a three-year fixed panel of institutions that consistently reported data in fall 2021 to 2023.
  • Two-year college students from middle and low neighborhood income backgrounds made large gains in transfer enrollment to more selective four-year colleges.

Progress Software Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, February 26, 2024

The Notes will be Progress’ senior unsecured obligations.

Key Points: 
  • The Notes will be Progress’ senior unsecured obligations.
  • The interest rate, the initial conversion rate and the other terms of the Notes will be determined upon pricing of the offering.
  • This activity could increase (or reduce the size of any decrease in) the market price of Progress’ common stock or the Notes at that time.
  • In addition, if any such capped call transaction fails to become effective, whether or not the offering of the Notes is completed, the option counterparty party thereto may unwind its hedge positions with respect to Progress’ common stock, which could adversely affect the value of Progress’ common stock and, if the Notes have been issued, the value of the Notes.

Diageo North America expands ‘Don’t Trash Glass’ partnership to increase glass recycling across strategic regions in the U.S.

Retrieved on: 
Tuesday, March 5, 2024

Diageo North America announces 2.2 million pounds of glass collected in its first-year partnership with ‘Don’t Trash Glass’ in Illinois and is now expanding to the state of Kentucky.

Key Points: 
  • Diageo North America announces 2.2 million pounds of glass collected in its first-year partnership with ‘Don’t Trash Glass’ in Illinois and is now expanding to the state of Kentucky.
  • ‘Don’t Trash Glass’ is a campaign in collaboration with the Glass Packaging Institute and GlassKing Recovery & Recycling , to encourage more bars, restaurants and local businesses to collect used glass bottles and improve regional recycling rates.
  • Through ‘Don’t Trash Glass’, Diageo North America has the goal to help increase glass recycling in both states where the company has multiple production facilities.
  • Packed with potential, the ‘Don’t Trash Glass’ program is expected to start operating in the state this spring and support efforts to increase glass recycling in the region.

SEEHER AND DENTSU RESEARCH SHOWS GLOBAL CONSUMERS BELIEVE MEDIA AND BRANDS BEAR A RESPONSIBILITY TO IMPROVE WOMEN'S EQUALITY

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 7, 2024 /PRNewswire/ -- A new report finds that 82% of adults surveyed globally believe the media has a responsibility to improve women's equality, while 80% believe brands bear the same responsibility.

Key Points: 
  • Conducted by SeeHer , the global gender equality initiative within the ANA that champions the positive representation of women, in partnership with dentsu , "Global Perceptions of Progress on Gender Equality" uncovers viewpoints around gender equality and what role media and advertising play across cultures.
  • The study also revisits U.S. perceptions of gender equality by analyzing results from SeeHer and dentsu's first iteration of the research report from 2021.
  • "Global Perceptions of Progress on Gender Equality" uncovered numerous findings and insights, including:
    HOPE TURNS TO DISILLUSIONMENT IN THE U.S.
  • Research from "Global Perceptions of Progress on Gender Equality" found:
    However, the report found there are significant differences in how gender equality is perceived, addressed, and approached by region.

New actions from RBC to support client decarbonization efforts and the transition to a greener economy

Retrieved on: 
Wednesday, March 6, 2024

These actions are included as part of the release of the RBC Climate Report 2023 , an annual update from the bank on progress made against the bank's climate strategy.

Key Points: 
  • These actions are included as part of the release of the RBC Climate Report 2023 , an annual update from the bank on progress made against the bank's climate strategy.
  • "The actions we are announcing today will help support our clients in their efforts to reduce emissions, contribute to bringing more renewable energy online and provide needed capital to innovative climate solutions."
  • Absolute emissions from the oil & gas sector must decline over time as part of the transition to a net-zero economy.
  • This includes support for clients' decarbonization efforts alongside the acceleration of the bank's strategy to prioritize working with clients who are proactively taking steps to decarbonize.

Hyundai IONIQ 5 Named Among List of 2024 PARENTS Best Family Cars Awards

Retrieved on: 
Wednesday, March 6, 2024

With its long rangei and ultra-fast 800-volt/350kWii charging capability, IONIQ 5 seamlessly aligns with today's modern family life

Key Points: 
  • With its long rangei and ultra-fast 800-volt/350kWii charging capability, IONIQ 5 seamlessly aligns with today's modern family life
    FOUNTAIN VALLEY, Calif., March 6, 2024 /PRNewswire/ -- PARENTS has named the Hyundai IONIQ 5 as the Best Electric 5 Passenger SUV for Families in their 2024 Best Family Cars Awards .
  • The group conducted a thorough evaluation of over 140 cars and SUVs across 22 categories to determine the list of the Best Family Cars for 2024.
  • "We're extremely proud that the Hyundai IONIQ 5 has been recognized as PARENTS' Best Electric 5 Passenger SUV for Families this year," said Ricky Lao, director, product planning, Hyundai Motor North America.
  • Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision.