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PROGRESS SOFTWARE CORPORATION (PRGS)
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Progress : Recognizes Winners of Inaugural App Innovation Awards

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06/13/2018 | 11:01am CEST

Announced during ProgressNEXT 2018 conference, winners honored for innovation, excellence and impact in application development and digital experience

Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced the recipients of its first 2018 Progress App Innovation Awards. The awards program honors companies building game-changing business applications and digital experiences using Progress solutions. Winners were announced during the company’s global user conference, ProgressNEXT, which took place May 29-June 1 in Boston, and attended by more than 800 business users, developers, and ISVs.

Submissions ranged from Fortune 500 organizations to startups across industries, and nominees were selected based on the level of innovation, sophistication, and environmental or social impact of their application. From the nominees, a panel of expert judges selected the winning applications. The winners of the 2018 Progress App Innovation Awards are:

  • Best Mobile App: Hello Tractor
    Hello Tractor is a farm equipment sharing application, used by tractor owners and farmers, that is based on Progress® Kinvey™ serverless cloud application backend. It enables sub-Saharan African farmers to request a tractor to come and till their fields via text message, much like ride sharing applications in other parts of the world. Using Hello Tractor’s app to connect with a tractor share, these farmers can plant 40 times faster than before, creating food security for those who otherwise might not have it, and a revenue stream for tractor owners. The Nigerian government, through a public-private partnership, plans to bring 10,000 new Hello Tractor-equipped John Deere tractors to Nigeria over the next five years.
  • Best Web Experience: Aston Martin
    Aston Martin, the iconic luxury British sports car manufacturer, worked with the digital agency Possible to build a new modern web presence that would properly showcase their elite, technologically advanced, modern luxury brand. Working with Progress® Sitefinity™ web content management solution, they built a site that offers a responsive web experience in 15 languages around the world, incorporating 163 dealer websites.
  • Best Modernization Transformation: TVH
    TVH is bringing their ERP system, based on the Progress® OpenEdge® application development platform, into the future using Progress® Kendo UI® frontend tools, and layering on top technologies like NativeScript® for native mobile web development, and Progress® DataRPM® for predictive maintenance.
  • Best Web UI: FDM4
    FDM4 is a provider of warehouse management, ERP, CRM and ecommerce technologies. They used Kendo UI to build a completely new responsive web UI to their system based on the OpenEdge application development platform, making the application accessible on any device. This modern UI enables things like warehouse employees to manage their stock and orders using a compelling handheld user interface.
  • Best Healthcare App/Solution: iTether
    iTether offers a groundbreaking platform, built on Progress® Health Cloud, that transforms how patients with addiction are treated. iTether gives healthcare providers the platform to deliver and measure individual treatment plans for patients. Using their HIPAA-compliant app, patients can self-report their status, ask questions of their provider, and enable the patient and provider to collaborate and manage customized treatment plans together.
  • Best Industrial Manufacturing App/Solution: QAD
    QAD offers a leading manufacturing ERP application. Their app, built on the OpenEdge application development platform and Kendo UI frontend tools, provides powerful functionality and extensibility for their customers, without complexity. QAD is embracing Industry 4.0 by building out advanced technologies like machine learning and data lakes, and plans to work with the DataRPM solution to bring predictive maintenance capabilities to market.

“These organizations are doing such powerful things for their businesses, for technology, and for the world at large,” said Loren Jarrett, Chief Marketing Officer, Progress. “Progress is incredibly honored to be the technology platform and partner supporting these amazing app dev and digital experience initiatives. We are extremely proud of the innovation and social impact being delivered by so many of our customers and partners.”

More information about the awards and the category winners is available at
https://www.progress.com/app-innovation-awards.

Additional Resources

About Progress
Progress (NASDAQ: PRGS) offers the leading platform for developing and deploying strategic business applications. We enable customers and partners to deliver modern, high-impact digital experiences with a fraction of the effort, time and cost. Progress offers powerful tools for easily building adaptive user experiences across any type of device or touchpoint, award-winning machine learning that enables cognitive capabilities to be a part of any application, the flexibility of a serverless cloud to deploy modern apps, business rules, web content management, plus leading data connectivity technology. Over 1,700 independent software vendors, 100,000 enterprise customers, and two million developers rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473.

Progress, Kinvey, OpenEdge, DataRPM, Kendo UI, NativeScript, and Sitefinity are registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.


© Business Wire 2018
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Financials ($)
Sales 2018 404 M
EBIT 2018 149 M
Net income 2018 62,7 M
Finance 2018 1,56 M
Yield 2018 -
P/E ratio 2018 29,86
P/E ratio 2019 28,83
EV / Sales 2018 4,38x
EV / Sales 2019 4,33x
Capitalization 1 769 M
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Progress Software Corporat Technical Analysis Chart | PRGS | US7433121008 | 4-Traders
Technical analysis trends PROGRESS SOFTWARE CORPORAT
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Mean consensus HOLD
Number of Analysts 4
Average target price 42,3 $
Spread / Average Target 8,8%
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Managers
NameTitle
Yogesh K. Gupta President, Chief Executive Officer & Director
John Richard Egan Non-Executive Chairman
Paul A. Jalbert CFO & Principal Accounting Officer
Dmitri Tcherevik Chief Technology Officer
Tony Murphy Chief Information Officer
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