PRGS

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.

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering

Retrieved on: 
Wednesday, February 28, 2024
Person, PRGS, Share repurchase, Sale, Progress, Exercise, Debt-to-GDP ratio, Observation, Progress Software, Security (finance)

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.

Progress Software Announces Proposed Convertible Senior Notes Offering

Retrieved on: 
Monday, February 26, 2024
Person, PRGS, Share repurchase, Sale, Progress, Exercise, Debt-to-GDP ratio, Observation, Convertible, Progress Software, Security (finance)

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.

Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge

Retrieved on: 
Tuesday, February 6, 2024
Transport Layer Security, Apache Kafka, GDPR, OpenEdge, TLS 1.3, HIPAA, PRGS, Environment, Progress, HSM, API, ABL, TLS, DDM, Database, Hardware security module, OECC, APM, Organization, Cryptocurrency

BURLINGTON, Mass., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the latest release of Progress® OpenEdge®, the flagship application development platform used by over 100,000 customers across the globe to simplify the delivery of mission-critical business applications. By leveraging the new features and enhancements of OpenEdge 12.8, organizations can optimize their development processes, improve database performance, enhance application security and stay current with the evolving technology landscape.

Key Points: 
  • Metrics assist in managing your OpenEdge applications, while traces provide developers with deep insights into application performance to identify code bottlenecks and optimize application performance.
  • Faster turn-around on builds: With incremental build support, developers can change their codebase and quickly rebuild only the affected parts.
  • OpenEdge 12.8 delivers advancements in application integration and environment management through improved monitoring and administration capabilities.
  • For more information, visit https://www.progress.com/openedge/whats-new or register for the What’s New In OpenEdge 12.8 webinar occurring February 22.

Progress Chief Inclusion and Diversity Officer Selected as a Keynote Speaker for Bulgaria’s Academy for Diversity, Equity and Inclusion

Retrieved on: 
Wednesday, January 31, 2024
Bias, PRGS, Progress, Publication, Diversity, Shell plc, DEI, Council, Inclusion, Equity, Education, Coca-Cola Hellenic Bottling Company, Culture, Workplace, Trust, HPE, Management

BURLINGTON, Mass., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Dr. Shirley Knowles, Chief Inclusion and Diversity Officer, will be a guest speaker at the Academy for Diversity, Equity and Inclusion, a first of its kind certification program in Bulgaria, organized by the Council of Women in Business in Bulgaria in cooperation with Sofia University “St. Kliment Ohridski.” Her session will take place in-person Friday, February 2, 2024. This is the second iteration of the certification program and Dr. Knowles’ second time participating in the event.

Key Points: 
  • “The work in diversity, equity and inclusion is key to building healthy communities and welcoming working environments.
  • It requires thoughtful planning and consistent efforts, fueled by a passion for doing the right thing,” said Dr. Shirley Knowles, Chief Inclusion and Diversity Officer, Progress.
  • In her role as Chief Inclusion and Diversity Officer, Dr. Knowles is dedicated to cultivating a culture of inclusion, diversity and belonging at Progress, so that everyone feels seen, heard and valued.
  • To learn more about Progress’ inclusion and diversity efforts, go to https://www.progress.com/inclusion-diversity .

Now Accepting Applications for the 2024 Progress Software Mary Székely Scholarship for Women in STEM

Retrieved on: 
Thursday, January 18, 2024
Woman, Learning, Mathematics, Science, International, CSR, PRGS, Progress, Engineering, Progress Software, Management

BURLINGTON, Mass., Jan. 18, 2024 (GLOBE NEWSWIRE) --  Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that the application process is open for the 2024 Progress Software Mary Székely Scholarship for Women in STEM. Now in its fifth year and part of the global Progress Women in STEM scholarship series, this US-based scholarship was created to honor the late Mary Székely (pronounced: “See-kay”), Progress co-founder and lead software engineer of more than 30 years.

Key Points: 
  • Part of the global Progress Women in STEM scholarship series, the US scholarship is designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathematics
    BURLINGTON, Mass., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that the application process is open for the 2024 Progress Software Mary Székely Scholarship for Women in STEM.
  • Now in its fifth year and part of the global Progress Women in STEM scholarship series, this US-based scholarship was created to honor the late Mary Székely (pronounced: “See-kay”), Progress co-founder and lead software engineer of more than 30 years.
  • The Progress Software Mary Székely Scholarship for Women in STEM is a $10,000, four-year renewable scholarship to cover tuition, fees and educational expenses.
  • Completed applications for the Mary Székely Scholarship for Women in STEM are due on International Women’s Day, March 8, 2024, by 5:00 pm ET.

Progress Named a Top Place to Work and 2023 DEI Champion by The Boston Globe

Retrieved on: 
Wednesday, January 3, 2024
Progress, Culture, CSR, PRGS, Workplace, Trust, DEI, Child, Nursing

BURLINGTON, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it earned multiple recognitions from industry leaders in the second half of 2023 for its employee engagement, inclusion and diversity initiatives and corporate social responsibility (CSR) program, bringing its total accolades to 25 for the year.

Key Points: 
  • In December, The Boston Globe named Progress to its annual “ Top Places to Work” list for the third consecutive year.
  • Progress operates with a “people-centric” mindset and strives to provide an inclusive work environment where every employee has a sense of belonging and equal opportunity to succeed.
  • The Boston Globe recognition follows multiple employer of choice recognitions for 2023.
  • Progress was also honored multiple times for its ongoing commitment to inclusion and diversity and its vibrant CSR program, Progress for Tomorrow .

Progress Software to Report Fourth Quarter and Fiscal Year 2023 Financial Results on January 16, 2024

Retrieved on: 
Tuesday, January 2, 2024
Progress, PRGS

BURLINGTON, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2023 after the market close on Tuesday, January 16, 2024.

Key Points: 
  • BURLINGTON, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2023 after the market close on Tuesday, January 16, 2024.
  • The company’s fiscal year 2023 ended on November 30, 2023.
  • Progress will host a conference call to review and discuss the results at 5:00 p.m.
  • An archived version of the conference call and supporting materials will be available on the Progress Investor Relations webpage after the live conference call.

Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management

Retrieved on: 
Tuesday, December 12, 2023
Progress, Metadata management, Metadata, Software, Research, Gold, Semaphore, PRGS, Knowledge, Organization

BURLINGTON, Mass., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress® Semaphore™, its metadata management and semantic AI platform, has been recognized as a gold medalist and overall leader in the 2023 Metadata Management Data Quadrant from SoftwareReviews, a division of IT research and consulting firm Info-Tech Research Group. The data in the report is collected from real end users, providing a comprehensive evaluation of popular products in the Metadata Management market to create a holistic, unbiased view that helps prospective purchasers make better decisions.

Key Points: 
  • The data in the report is collected from real end users, providing a comprehensive evaluation of popular products in the Metadata Management market to create a holistic, unbiased view that helps prospective purchasers make better decisions.
  • "It’s an honor to be recognized as the leader in the 2023 Metadata Management Data Quadrant, particularly since the ranking is determined by those who matter to us most—genuine users,” said John Ainsworth, Executive Vice President, General Manager, Application and Data Platform, Progress.
  • Semaphore removes layers of information complexity and enables organizations to use enterprise data not just for knowledge but with the power of wisdom to act faster.
  • A complimentary copy of the 2023 Metadata Management Data Quadrant report is available here .