Progress Software

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.

Coalition’s Cyber Threat Index 2024 Predicts Total Published CVEs to Increase by 25% in 2024

Retrieved on: 
Wednesday, February 21, 2024
Technology, Insurance, Security, Business, Professional Services, Software, Networks, Internet, Data Management, SQL Server, MDR, RDP, Risk management, Overalls, Confusion, MOVEit, Risk, Organization, Ecosystem, Progress Software, EOL, Microsoft

Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today published its Cyber Threat Index 2024 , detailing insights on cybersecurity trends from 2023 and emerging threats businesses should be aware of in 2024.

Key Points: 
  • Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today published its Cyber Threat Index 2024 , detailing insights on cybersecurity trends from 2023 and emerging threats businesses should be aware of in 2024.
  • According to the report, Coalition expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month.
  • “New vulnerabilities are published at a rapid rate and growing.
  • With an influx of new vulnerabilities, often sprouting via disparate flagging systems, the cyber risk ecosystem is hard to track.

Regula Urges Awareness as Identity Theft Soars to a Record 3205 Data Compromises

Retrieved on: 
Tuesday, January 30, 2024
Transfer, IDV, Ashkenazi Jews, Roger Hawkins (drummer), Record, Identity theft, American Express, Facial recognition, Face, Weapon, NFC, Sheep, Identity, AI, Iris, 23andMe, Theft, Airport, Regula, Apple, Goat, RFID, ID, Annual report, Progress Software, MyGov, Changi Airport, Cryptocurrency

RESTON, Va., Jan. 30, 2024 /PRNewswire/ -- In a landscape saturated with staggering statistics, the need for innovative solutions to safeguard against the usage of stolen identities becomes more pronounced. The gravity of identity-related crimes is illustrated by the Identity Theft Resource Center's annual report, disclosing a record 3205 data compromises in 2023, marking a seismic 78% increase from the prior year. These breaches facilitated hackers in gaining unauthorized access to the personal information of millions of consumers.

Key Points: 
  • Amidst an alarming surge in identity-related crimes, Regula, a global developer of forensic devices and identity verification solutions, calls for heightened vigilance during Identity Theft Awareness Week.
  • The gravity of identity-related crimes is illustrated by the Identity Theft Resource Center's annual report , disclosing a record 3205 data compromises in 2023, marking a seismic 78% increase from the prior year.
  • Shields Healthcare Group, a Massachusetts-based medical services provider, saw the theft of sensitive patient information and confidential data in a breach that affected approximately 2.3 million people.
  • The breach exposed large volumes of often-sensitive data, including pension information, social security numbers, medical records, and billing data.

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.

TGI Direct, Inc. Provides Notice of Data Event

Retrieved on: 
Wednesday, January 17, 2024
Social Security, Identity theft, Privacy, Social, Holiday, Insurance, Name, Environment, Fraud, MOVEit, Printing, ATTN:, Progress Software, TGI, Online shopping

FLINT, Mich., Jan. 17, 2024 /PRNewswire/ -- TGI Direct, Inc. ("TGI" or "We") provides printing and mailing services to a variety of organizations nationwide, including health plans.

Key Points: 
  • FLINT, Mich., Jan. 17, 2024 /PRNewswire/ -- TGI Direct, Inc. ("TGI" or "We") provides printing and mailing services to a variety of organizations nationwide, including health plans.
  • Today, we provided notice of a recent data event that may impact the privacy of certain individuals' personal information and/or protected health information.
  • We use the MOVEit file transfer tool to help us manage data we collect and store on behalf of our customers.
  • An unauthorized actor did exploit MOVEit's vulnerabilities and accessed data without permission for many companies, including TGI.

AnyQuest Improves Citizen Developer Productivity by Launching Low-code Platform for Generative AI

Retrieved on: 
Wednesday, December 6, 2023
Data Management, Security, Apps, Applications, Technology, Software, Networks, Artificial Intelligence, Progress Software, Language, LLM, Automation, Multimedia, Organization, GPT, Sales, Online shopping

AnyQuest, the enterprise AI enabler, today announced the availability of AnyQuest PyAQ, an open-source low-code platform for cognitive applications.

Key Points: 
  • AnyQuest, the enterprise AI enabler, today announced the availability of AnyQuest PyAQ, an open-source low-code platform for cognitive applications.
  • View the full release here: https://www.businesswire.com/news/home/20231206364076/en/
    Generative AI Cognitive apps can be deployed on AnyQuest and accessed from business applications and services with LLMs and plug-in tools.
  • AnyQuest is an Enterprise AI enabler with an open-source, low-code development platform.
  • “Once tested, applications can be deployed on a more robust cloud-based version of AnyQuest for improved performance, scalability, security, and control.”
    To get started with AnyQuest PyAQ, a low-code platform for cognitive applications, visit AnyQuest at https://www.anyquest.ai .

Pan-American Life Insurance Group Announces Data Security Incident

Retrieved on: 
Tuesday, December 5, 2023
Other Consumer, Technology, Insurance, Finance, Security, Professional Services, Health Insurance, Consumer, Health, Data Management, Transfer, Progress Software, Risk, Privacy, Progress, Name, Environment, Life, Software, Risk management

Pan-American Life Insurance Group (PALIG) a leading provider of life, accident and health insurance throughout the Americas, shared today that it was impacted by the widespread data security incident involving Progress Software’s MOVEit Transfer software where third parties took advantage of a previously unknown, critical, zero-day vulnerability in the software.

Key Points: 
  • Pan-American Life Insurance Group (PALIG) a leading provider of life, accident and health insurance throughout the Americas, shared today that it was impacted by the widespread data security incident involving Progress Software’s MOVEit Transfer software where third parties took advantage of a previously unknown, critical, zero-day vulnerability in the software.
  • Progress Software announced the vulnerability and recommended users disable the software until it could be patched due to a potential risk of data exposure.
  • PALIG immediately ceased using MOVEit Transfer, disabled it in its system and, once available from Progress Software, successfully deployed all security patches within PALIG’s environment.
  • For more details on this data security incident, what PALIG is doing to address it, and available resources, please visit PALIG’s website at palig.com.

Board, the leader in Intelligent Planning, appoints data industry veteran Jeff Casale as Chief Executive Officer

Retrieved on: 
Monday, November 13, 2023
Professional Services, Business, Technology, Other Technology, Software, Consulting, BOARD, Data management, Acquisition, Senior, Organization, International, Progress Software, DTS, MarkLogic, Board International, Dell Technologies, Intelligence, Geography, EMC, Growth, Environment, VMware, Management

Board International, the global leader for Intelligent Planning solutions, today announced the appointment of Jeff Casale as its new Chief Executive Officer effective November 6.

Key Points: 
  • Board International, the global leader for Intelligent Planning solutions, today announced the appointment of Jeff Casale as its new Chief Executive Officer effective November 6.
  • Mr. Casale is a seasoned technology industry executive, uniquely qualified to lead Board’s next phase of expansion and continued international growth.
  • Casale most recently served as CEO of MarkLogic, focusing on providing data management and data integration platforms.
  • Previously Casale was a President with Dell Technologies where he created and led the DTS group into a global multi-billion-dollar business.

WELLTOK, INC. PROVIDES NOTICE OF DATA PRIVACY EVENT

Retrieved on: 
Tuesday, November 21, 2023
Transfer, Identity, Holiday, ID, Social, Complaint, Privacy, Progress Software, Social Security, Mass, Learning, Identity theft, Letter, Online shopping, Medical device, Mail, Medicaid

DENVER, Nov. 21, 2023 /PRNewswire/ -- Welltok, Inc. ("Welltok") is providing notice of an event that may affect the privacy of certain individuals' information.

Key Points: 
  • DENVER, Nov. 21, 2023 /PRNewswire/ -- Welltok, Inc. ("Welltok") is providing notice of an event that may affect the privacy of certain individuals' information.
  • Welltok subsequently undertook a time-consuming and detailed review of the data stored on the server at the time of this incident to understand the contents of that data and to whom that data relates.
  • Upon learning of this event, Welltok moved quickly to investigate and respond to the event, and notify potentially affected individuals.
  • As part of its ongoing commitment to the security of information, Welltok is reviewing and enhancing its existing policies and procedures related to data privacy to reduce the likelihood of a similar future event.