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Business Summary
Logo Progress Software Corporat
Develops real-time data management software

Progress Software Corp. develops real-time data management software.

It is a global software company, which simplifies and enables the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal information technology complexity.

The company's portfolio of products provides solutions for enterprise integration, data interoperability and application development, including Software as a Service enablement and delivery in the cloud and its solutions are used in various industries, including travel & leisure, capital markets, and communications.

It operates in single segment, Core.

The Core segment includes the OpenEdge, DataDirect Connect and Decision Analytics, including Apama, Corticon and Control Tower product lines.

Progress Software was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.

Number of employees : 1 075 persons.
Sales per Businesses
20132014Delta
USD (in Million)%USD (in Million)%
Core334.00100%---
OpenEdge--296.7289.2%-
Data Connectivity & Integration--34.7710.5%-
Application Development & Deployment--1.040.3%-
Sales per Regions
20132014Delta
USD (in Million)%USD (in Million)%
United States140.0241.9%137.1141.2% -2.13%
Europe, Middle East and Africa133.6040%131.3439.5% -1.72%
Latin America25.377.6%24.927.5% -1.82%
Asia Pacific20.756.2%25.577.7% +18.85%
Canada14.264.3%13.614.1% -4.76%
International-----
Managers
NameAgeSinceTitle
Philip M. Pead622011President, Chief Executive Officer & Director
John Richard Egan572011Non-Executive Chairman
Chris E. Perkins, CPA522013Chief Financial Officer & Senior VP-Administration
David A. Benson552009Chief Information Officer & Executive VP
John P. Goodson502003Senior VP, Chief Product & Technology Officer
Michael L. Mark691987Lead Independent Director
Charles Francis Kane MBA, CPA572006Independent Director
Barry N. Bycoff, MBA662007Independent Director
David A. Krall, MBA542008Independent Director
Ram Kishor Amar Nath Gupta532008Independent Director
Shareholders
NameShares%
BlackRock Fund Advisors 5,248,063 10.4%
Praesidium Investment Management Co. LLC 4,670,267 9.23%
T. Rowe Price Associates, Inc. 3,403,890 6.73%
The Vanguard Group, Inc. 3,362,975 6.65%
Fiduciary Management, Inc. 2,140,773 4.23%
Fidelity Management & Research Co. 1,615,256 3.19%
Van Berkom & Associates, Inc. 1,555,618 3.08%
Dimensional Fund Advisors LP 1,475,334 2.92%
Cardinal Capital Management LLC 1,043,300 2.06%
SSgA Funds Management, Inc. 1,007,927 1.99%
Sector
Technology
Software & IT Services
 Software & IT Services
  IT Services & Consulting
   IT Services & Consulting - NEC
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Company contact information
Progress Software Corp.
14 Oak Park Drive
Bedford, MA 01730-1414

Phone : +1.781.280.4000
Fax : +1.781.280.4949
Web : www.progress.com
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