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

Delayed Quote. Delayed  - 08/25 10:00:00 pm
28.88 USD   +0.91%
08/02 PROGRESS : Introduces Day One Support for High-Performance Big Data ..
07/26 PROGRESS : Appoints Former EMC and Oracle Executive, Mitch Breen, to..
07/25 PROGRESS SOFTWA : The Progress Common Component Specification Projec..
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Progress : Introduces Day One Support for High-Performance Big Data Connectivity

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08/02/2016 | 11:02am CEST

New Day One Support strategy enables Progress DataDirect data connectivity tools enterprise customers and ISVs to adopt fast-changing big data frameworks with speed, ease and reliability

Progress (NASDAQ: PRGS) today announced that its Progress® DataDirect® suite of data connectivity tools now provides Day One Support for disruptive big data technologies with frequent release cycles, including Hadoop Hive, Spark SQL, MongoDB and more. With this strategy – the first of its kind for any data connectivity provider – Progress DataDirect on-premises ODBC and JDBC drivers will support any new versions of supported data sources.

“Big data is one of the cornerstones of digital transformation, but in order for businesses to successfully transform into data-driven organizations, they need to be flexible and adaptive,” said Dion Picco, General Manager, Data Connectivity & Integration, Progress. “As a worldwide leader in data connectivity, we’re committed to helping our customers navigate this period of constant innovation and disruption, no matter what new data distribution or interface they’re using, from day one. That way, if they experience an issue, we can help them address it immediately, so they can accelerate their initiatives, monetize big data sources and respond more quickly to business needs and competitive threats.”

The Progress DataDirect suite of data connectivity tools offers a unique data connectivity solution for businesses needing to better manage and integrate data across relational, big data and cloud data sources. It provides proven, high-performance connectivity despite demanding data migration, integration and management scenarios.

Software companies struggle to access big data across all customer environments because it’s impossible to continuously certify and manage hundreds of big data components and versions that change monthly, in many cases. With Progress DataDirect Day One Support, those organizations get “big data insurance” with a dedicated technology partner in Progress to ensure all of their customers are successful with big data projects.

"Our partnership with Progress has allowed us to stay on the bleeding edge with all big data, SQL as well as NoSQL data sources, without incurring a lot of additional QA and engineering resources,” said Tom Tortolani, Head of Jaspersoft Product Management, TIBCO.

Progress offers DataDirect drivers for a variety of big data sources including MongoDB, SparkSQL, Impala, SAP HANA, Apache Cassandra and Apache Hive, as well as commercial distributions of Hive from Amazon, Cloudera, Hortonworks, MapR and Pivotal. This is on top of unmatched Progress DataDirect relational and SaaS application adapters that include: Salesforce Lightning Connect, SalesForce.com, Database.com, Force.com, Hubspot, Marketo, Eloqua, Oracle Service Cloud, ServiceMax, Oracle, Microsoft SQL Server, MySQL, Progress® OpenEdge®, Progress® Rollbase® and many more.

For more information about Progress DataDirect, click here.

Additional Resources

About Progress

Progress (NASDAQ: PRGS) is a global leader in application development, empowering the digital transformation organizations need to create and sustain engaging user experiences in today’s evolving marketplace. With offerings spanning web, mobile and data for on-premises and cloud environments, Progress powers startups and industry titans worldwide, promoting success one customer at a time. Learn about Progress at www.progress.com or 1-781-280-4000.

Progress, OpenEdge, Rollbase, and DataDirect 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 2016
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Latest news on PROGRESS SOFTWARE CORPORAT
08/02 PROGRESS : Introduces Day One Support for High-Performance Big Data Connectivity
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Financials ($)
Sales 2016 414 M
EBIT 2016 123 M
Net income 2016 36,1 M
Debt 2016 1,90 M
Yield 2016 -
P/E ratio 2016 37,66
P/E ratio 2017 29,51
EV / Sales 2016 3,36x
EV / Sales 2017 3,24x
Capitalization 1 387 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 28,7 $
Spread / Average Target 0,16%
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Managers
NameTitle
Philip M. Pead President, Chief Executive Officer & Director
John Richard Egan Non-Executive Chairman
Jerry Rulli Chief Operating Officer
Chris E. Perkins CFO & Senior VP-Finance & Administration
Michael L. Mark Lead Independent Director
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