PRGS

More than Half of Global Organizations Plan to Increase Their Investment in “Human-Centered” Software Design in the Next Year, According to Progress Sponsored Research Study

Retrieved on: 
Tuesday, April 9, 2024
Organization, Confusion, Disability studies, EVP, Research, Software, Policy, AI, PRGS, Progress, European, Marketplace, Language, Machine learning, Software design, Legislation, Online shopping

BURLINGTON, Mass., April 09, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the results of its global survey, “Human-Centered Software Design: A State of the Marketplace Report.” Sponsored by Progress and conducted by independent research firm Insight Avenue, the survey is based on interviews with more than 700 application developers and IT decision-makers worldwide. The purpose of the survey is to offer insights into businesses’ approaches and levels of maturity in building human-centric applications amidst the increasing importance of accessibility. The full report and findings can be found here.

Key Points: 
  • Human-centered application development refers to building applications and websites that are easy and comfortable to navigate across a diverse community of users.
  • Although nearly every organization participating in the research acknowledged the importance of human-centric app development, a wide disparity existed between intent and action.
  • While 98% of the respondents stated it was important, only 34% are currently addressing the issue through tools, training and policy.
  • They need to identify and work with partners and suppliers who prioritize essential protocols and metrics around inclusion and accessibility.

Progress Releases Corporate Social Responsibility Report for 2023

Retrieved on: 
Thursday, March 28, 2024
Erg, Mindfulness, Inclusion, Annual report, Organization, Education, Growth, Veteran, Woman, Environment, Boston Business Journal, Professional development, Best practice, Committee, The Hive, Singapore, Social responsibility, PRGS, Thought, Corporate social responsibility, Progress, CO2, STEM, Water, CSR, Catalog, Workforce, Computer science and engineering

BURLINGTON, Mass., March 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, announced the release of its fifth annual Corporate Social Responsibility (CSR) report today. This year’s report touches on initiatives to promote an inclusive work environment, professional growth, charitable giving and sustainable practices to reduce the company’s carbon footprint. Click here to view the full details of the report.

Key Points: 
  • Fifth annual report underscores company’s unwavering commitment to inclusion and diversity, charitable giving and sustainability
    BURLINGTON, Mass., March 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, announced the release of its fifth annual Corporate Social Responsibility (CSR) report today.
  • This year’s report touches on initiatives to promote an inclusive work environment, professional growth, charitable giving and sustainable practices to reduce the company’s carbon footprint.
  • Since its establishment in 2019, Progress has awarded scholarships to 14 deserving women across the US, India and Bulgaria.
  • For more information about Progress’ corporate social responsibility initiatives and to access the company's 2023 CSR Report, visit https://www.progress.com/social-responsibility.

Progress Software Corp. Statement regarding Possible Offer for MariaDB plc

Retrieved on: 
Tuesday, March 26, 2024
ACT, MAKE, RDBMS, ANY, Database, FIRM, Sale, PRGS, MADE, IRISH, Progress, NOT, MariaDB, Cryptocurrency

BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress Software Corp. (”Progress”) (Nasdaq: PRGS), the trusted provider of infrastructure software, confirms that it is considering a possible offer for all the issued and to be issued share capital of MariaDB plc (“MariaDB”) at a value of $0.60 per share (the “Possible Offer”).

Key Points: 
  • BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress Software Corp. (”Progress”) (Nasdaq: PRGS), the trusted provider of infrastructure software, confirms that it is considering a possible offer for all the issued and to be issued share capital of MariaDB plc (“MariaDB”) at a value of $0.60 per share (the “Possible Offer”).
  • Progress believes that if it were to make a Firm Offer for MariaDB, this would be in the best interest of all stakeholders.
  • Progress has undertaken due diligence in order to evaluate a possible offer for all the issued and to be issued share capital of MariaDB.
  • Progress is ready to engage with MariaDB’s Board to complete its due diligence and progress its Possible Offer expeditiously, which it believes is in the best interests of all stakeholders.

Progress Partners with Veeam Software to Deliver AI-Powered Network Detection and Response to Global Enterprises

Retrieved on: 
Tuesday, March 26, 2024
Knowledge, Organization, Algorithm, Quadrant, FlowMon, EVP, Partnership, Reputational damage, Power, Gold, Artificial intelligence, ADS, PRGS, Anomaly, Progress, Computer security, Product management, Information privacy, SPARK, NDR, Incident, Risk management

BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced a strategic partnership with Veeam® Software, the #1 leader by market share in Data Protection and Ransomware Recovery, to provide customers with an enterprise-ready cyber defense solution that strengthens the security of their business-critical data.

Key Points: 
  • The partnership between Progress and Veeam combines the intelligent network detection and response capabilities of Progress® Flowmon® Anomaly Detection System (ADS) with the security features of Veeam Data Platform.
  • Flowmon ADS provides network layer visibility of potential attacks, so customers can leverage early detection and warnings to trigger the Incident API in Veeam Backup & Replication™ .
  • “Veeam’s world-class capabilities and market reach makes them a highly strategic partner for us,” said Sundar Subramanian, EVP & GM of Infrastructure Management at Progress.
  • "Progress, renowned for its market success in network detection and response with Flowmon, has achieved a significant milestone by partnering with Veeam and integrating into the Veeam Incident API,” said Andreas Neufert, Vice President of Product Management, Alliances at Veeam.

Progress Receives 2024 Emotional Footprint Award for Metadata Management from SoftwareReviews

Retrieved on: 
Tuesday, March 19, 2024
Growth, Semaphore, Knowledge, Research, Software, PRGS, Performance, Progress, Metadata, Robert Shaye

BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress® Semaphore™, its metadata management and semantic AI platform, was named a Champion in SoftwareReviews’ 2024 Metadata Management Emotional Footprint Awards. The Emotional Footprint Awards evaluate and rank products based on emotional response ratings from IT and business professionals. Progress achieved the highest score of all ranked companies.

Key Points: 
  • BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress® Semaphore™ , its metadata management and semantic AI platform, was named a Champion in SoftwareReviews’ 2024 Metadata Management Emotional Footprint Awards .
  • The Emotional Footprint Awards evaluate and rank products based on emotional response ratings from IT and business professionals.
  • SoftwareReviews , a division of IT research and consulting firm Info-Tech Research Group , applies an emotional footprint methodology to aggregate scores across 26 dimensions of the vendor-client relationship and product effectiveness.
  • The result is a Net Emotional Footprint score—representing overall user sentiment.

Progress Software to Report First Quarter 2024 Financial Results on March 26, 2024

Retrieved on: 
Tuesday, March 12, 2024
PRGS, Progress

BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2024 after the market close on Tuesday, March 26, 2024.

Key Points: 
  • BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2024 after the market close on Tuesday, March 26, 2024.
  • The company’s first quarter of fiscal year 2024 ended on February 29, 2024
    Progress will host a conference call to review and discuss the results at 5:00 p.m.
  • A live webcast of the call will be available on the Investor Relations page of Progress’ website.
  • An archived version of the conference call and supporting materials will be available on the Progress Investor Relations webpage after the live conference call.

ABN AMRO Moves Progress-Powered Credit Store App to Azure Cloud; Achieves 40% Faster Data Processing, Lower TCO and Improved Business Resilience

Retrieved on: 
Tuesday, March 12, 2024
Microsoft, Total cost of ownership, Azure, MarkLogic, ABN, Database, EVP, Total cost, Infosys, ABN AMRO, Data hub, History, Software, PRGS, TCO, Progress, AMRO Bank, Cryptocurrency

BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that ABN AMRO Bank, one of the largest banks in the Netherlands, migrated its Progress-powered Credit Store application from on-premises to Microsoft Azure leveraging MarkLogic® Data Hub's cloud neutrality and deployment flexibility—resulting in faster data processing, increased business resilience and lower Total Cost of Ownership (TCO).

Key Points: 
  • Built on the MarkLogic Data Hub repository, the bank’s Credit Store application enables business users to assess the risks of and approve or reject credit applications based on client data collected from various siloed sources.
  • To boost its performance and simplify its overall technology environment, ABN AMRO partnered with Infosys to migrate the Credit Store application.
  • The MarkLogic Data Hub helps organizations gain operational excellence by delivering a 360-degree view of their operations, customers and people.
  • “The MarkLogic Data Hub reoffers the ability to adapt to changing business needs, navigate regulatory requirements and improve business continuity.”

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

Retrieved on: 
Monday, March 11, 2024
Ability, Acquisition, DX, EVP, PRGS, API, GM, Grid, Progress, Gartner, DXP, Online shopping

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
Wells Fargo, PRGS, Citizens Bank, Bank, Growth, Chase Bank, Credit, Silicon, Progress, PNC Financial Services, Toronto-Dominion Bank, Citibank, Silicon Valley Bank, Bank of America, JPMorgan Chase

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
International, Woman, BGN, INR, PRGS, Education, CSR, Progress, United, International Women's Day

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.