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4-Traders Homepage  >  Equities  >  Nasdaq  >  Progress Software Corporation    PRGS

PROGRESS SOFTWARE CORPORATION (PRGS)
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Progress Software : CMS Transport Systems Expands Partnership with Progress

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02/13/2018 | 10:01am CET

Provider of transportation management system built on Progress OpenEdge expands services to help customers better protect and manage their data

Progress (NASDAQ: PRGS), the leading provider of application development and deployment technologies, today announced that CMS Transport Systems, a transport management system provider with more than 30 years’ experience, is expanding its relationship with Progress, providing its customers with a white labeled professional services offering.

“Progress® OpenEdge® platform has enabled us to build our business to where it is today. Through our new services offering provided by Progress, we are now able to grow our business beyond our core technology,” said Grant Walmsley, General Manager, CMS Transport Systems. “Progress is a strategic partner for us and this new offering enables us to have a clear competitive advantage.”

Built on Progress OpenEdge platform, CMS Transport Systems’ flagship product, Freight 2020, is a fully integrated transport management system (TMS). It provides users with a suite of solutions, enabling them to optimize and align a variety of specific business functions including operations management, financial accounting, fleet maintenance, workforce management and more. The system is designed to give management a clear view of what’s happening across operations at any given moment.

Within the transportation and logistics space, the distribution of information and the real-time flow of requests for freight processing is a requirement. To help customers better manage processes and protect their data, CMS Transport Systems turned to Progress to create a white labeled service offering. Through this offering, CMS Transport Systems can deliver OpenEdge services such as Managed Database Administration (MDBA) to their customers.

CMS Transport Systems customers are seeing immediate value in the offering. “We had been infected by a crypto virus that corrupted our auxiliary data,” said Leigh Cripps, General Manager of Finance and IT, SRT Logistics. “To address future issues, we partnered with CMS and Progress to implement OpenEdge Replication Plus, providing near real-time, continuous data duplication to ensure uptime of our databases and applications. Now, with the infrastructure that we have in place, we firmly believe that we’ve covered as much as possible and we can protect the integrity of our customers’ stock.”

“To stay competitive in today’s world, solution providers must be able to respond to their customers’ needs in real time and ensure that mission-critical applications and data are available 24/7, with zero downtime,” said John Ainsworth, Senior Vice President, Core Products, Progress. “We are thrilled to be able to work with partners like CMS Transport Systems to provide the services that will enable them to deliver even more value for their customers.”

To learn more about the story of CMS Transport Systems, click here or view additional customer successes at https://www.progress.com/openedge.

About Progress
Progress (NASDAQ: PRGS) offers the leading platform for developing and deploying mission-critical business applications. Progress empowers enterprises and ISVs to build and deliver cognitive-first applications, that harness big data to derive business insights and competitive advantage. Progress offers leading technologies for easily building powerful user interfaces across any type of device, a reliable, scalable and secure backend platform to deploy modern applications, leading data connectivity to all sources, and award-winning predictive analytics that brings the power of machine learning to any organization. Over 1,700 independent software vendors, 100,000 enterprise customers, and 2 million developers rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473.

Progress and OpenEdge are trademarks or 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 145 M
Net income 2018 59,4 M
Finance 2018 2,12 M
Yield 2018 -
P/E ratio 2018 67,41
P/E ratio 2019 42,83
Capi. / Sales 2018 5,48x
Capi. / Sales 2019 5,41x
Capitalization 2 215 M
Chart PROGRESS SOFTWARE CORPORAT
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Progress Software Corporat Technical Analysis Chart | PRGS | US7433121008 | 4-Traders
Technical analysis trends PROGRESS SOFTWARE CORPORAT
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 46,3 $
Spread / Average Target -3,0%
EPS Revisions
Managers
NameTitle
Yogesh K. Gupta 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 Technology
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