Progress

Progress Software Corporation (Nasdaq: PRGS) is a trusted provider of AI-powered infrastructure software, designed to help organizations develop, deploy and manage responsible AI-powered applications and experiences. Founded in 1981, Progress offers a robust portfolio of enterprise software products that enable businesses to achieve transformational success in the face of disruptive change. The company reported annual revenue of USD 609.7 million for fiscal year 2022.

Progress offers several key product lines:

• Data Platform: Accelerates data, AI and analytics projects to manage costs and deliver enterprise growth.

• Digital Experience: Provides real solutions for organizations and end users, configured to be flexible and scalable.

• Infrastructure Management: Speeds up the time and reduces effort required to manage networks, applications and underlying infrastructure.

• Federal Solutions: Software products and services for federal government, defense and public sector.

In September 2024, Progress announced plans to acquire ShareFile, a SaaS-native, AI-powered document collaboration platform, for USD 875 million. This strategic acquisition is expected to add over USD 240 million in annual revenue and more than 86,000 customers to Progress's portfolio. The company continues to execute its Total Growth Strategy through strategic acquisitions that complement its existing software offerings and align with its culture of innovation and customer focus.