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 two reportable segments: Core and Non-Core.
The Core segment includes the OpenEdge, DataDirect Connect and Decision Analytics, including Apama, Corticon and Control Tower product lines.
The Non-Core segment includes the Actional, Artix, DataXtend, FuseSource, ObjectStore, Orbacus, Orbix, Savvion, Shadow and Sonic product lines.
Progress Software was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.