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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 : 942 persons.
Sales per Businesses
20122013Delta
USD (in Million)%USD (in Million)%
Core335.21100%334.00100% -0.36%
Non-Core-----
Sales per Regions
20122013Delta
USD (in Million)%USD (in Million)%
North America146.3743.7%---
Europe, Middle East and Africa131.1539.1%133.6040% +1.83%
Asia Pacific31.419.4%20.756.2% -51.38%
Latin America26.277.8%25.377.6% -3.56%
United States--140.0241.9%-
Canada--14.264.3%-
International-----
Managers
NameAgeSinceTitle
Philip M. Pead612011President, Chief Executive Officer & Director
John Richard Egan562011Non-Executive Chairman
Chris E. Perkins, CPA512013Chief Financial Officer & Senior VP-Administration
David A. Benson542009Chief Information Officer & Executive VP
Karen Tegan Padir, MBA452012Chief Technology Officer & Senior Vice President
Michael L. Mark681987Lead Independent Director
Charles Francis Kane MBA, CPA562006Independent Director
Barry N. Bycoff, MBA652007Director
David A. Krall, MBA532008Independent Director
Ram Kishor Amar Nath Gupta522008Independent Director
Shareholders
NameShares%
Praesidium Investment Management Co. LLC 4,965,899 9.90%
T. Rowe Price Associates, Inc. 4,572,270 9.11%
BlackRock Fund Advisors 4,544,691 9.06%
The Vanguard Group, Inc. 3,337,544 6.65%
Fiduciary Management, Inc. 2,183,300 4.35%
Van Berkom & Associates, Inc. 1,758,572 3.50%
Third Avenue Management LLC 1,650,889 3.29%
Artisan Partners LP 1,492,633 2.97%
Dimensional Fund Advisors LP 1,296,465 2.58%
Columbia Management Investment Advisers LLC 1,212,765 2.42%
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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