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Progress Software Reviews

Burlington, Massachusetts

4.3/ 5

3 reviews

Progress Software Corporation is an American public company that provides software products to develop, deploy, and manage high-impact business applications and AI-powered digital experiences. Founded in 1981 as Data Language Corporation by MIT graduates Joseph W. Alsop, Clyde Kessel, and Chip Ziering in Burlington, Massachusetts, the company went public in 1991 and is traded on the Nasdaq stock exchange under the ticker symbol PRGS. Over its history, the organization relocated its global headquarters to Bedford, Massachusetts, and operates under the leadership of President and Chief Executive Officer Yogesh Gupta alongside Executive Vice President and Chief Financial Officer Anthony Folger. The company's extensive product portfolio is engineered to simplify the development of complex enterprise applications, automate infrastructure environments, and secure critical data across hybrid cloud ecosystems. Key product offerings include Agentic RAG, a next-generation retrieval-augmented generation platform for enterprise AI; Chef, a widely adopted DevOps and DevSecOps IT automation framework; and MOVEit and Automate MFT, which offer secure managed file transfer capabilities. Additionally, Progress provides Corticon for business rules automation, DataDirect for high-performance data connectivity across relational and NoSQL databases, OpenEdge for application development, and Sitefinity for web content and digital experience management. Infrastructure monitoring and application delivery are supported by its WhatsUp Gold network monitoring software and Kemp LoadMaster application delivery controllers. Progress Software has historically expanded its technological capabilities and market footprint through an aggressive corporate development and acquisition strategy. Notable acquisitions include Ipswitch in 2019, Chef Software in 2020, Kemp Technologies in 2021, MarkLogic Corporation in 2023, and ShareFile from Cloud Software Group in 2024. Most recently, in 2025, the company completed the acquisition of Nuclia to integrate advanced AI-driven search and data extraction technologies into its platform. Financially, Progress Software generates revenue primarily from the United States, alongside an established international presence spanning regions in Europe, the Middle East, Africa, Latin America, and Asia-Pacific. For the trailing twelve months ending February 28, 2026, the company reported a consolidated revenue of $988 million and a net income of approximately $85 million. As of June 2026, the company maintains a market capitalization of approximately $1.21 billion with 42.1 million outstanding shares. Progress employs a global workforce of over 2,800 individuals and distributes its software licenses through a combination of direct enterprise sales and a worldwide network of independent software vendors, system integrators, value-added resellers, and distributors.