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

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Progress Software Corporation : Progress Software Demos Advanced Business Rules Control at Gartner Business Process Management Summit

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03/14/2012 | 01:05pm CET

Progress Corticon Rules Engine Delivers Improved decision management and increased ROI

Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, has announced a new release of the Progress® Corticon® 5.2 business rules engine. The new release provides several innovative features that deliver faster decision management through the market-leading Corticon business rules management system (BRMS).

Progress will demonstrate the following Corticon 5.2 advancements at the Gartner Business Process Management Summit in London:

  • Web-based rule maintenance - business users can modify rules within an already deployed decision service using simple, predefined web templates;
  • Natural language support - business rules can be represented in pure natural language and supporting any locale, simplifying rule maintenance by business users;
  • Improved mobility - business users can change business rules directly from an iPad, and IT can monitor and manage Corticon server performance via their tablet computer;
  • High-performance batch processor - IT users can deploy Corticon BRMS in a batch processing architecture to maximize performance and scalability;
  • XML namespace - This supports multiple namespaces for XML payloads.

Tae Sondreal, Business Rules Architect, Prime Therapeutics, noted: "Corticon's approach to natural language is amazingly simple, yet incredibly powerful. Unlike other BRMS products, it is remarkably easy to setup, and enables true business user control of complex decision logic."

The Progress Corticon BRMS is now integrated into the Progress Responsive Process Management™ suite, a pioneering offering in the emerging intelligent business process management space.

The Progress RPM suite also comprises the Progress Actional® Business Transaction Management (BTM), the Progress Apama® Complex Event Processing (CEP) and the Progress Savvion® Business Process Management (BPM) platforms, all of which are managed using the revolutionary Progress Control Tower® interface that delivers the real-time intelligence other business dashboards cannot.

Dr. Mark Allen, chief Technology Officer of decision management at Progress Software, said: "This new release further reinforces Progress Corticon's leadership position in the BRMS market. In addition, customers using the Savvion, Apama and Actional products can take full advantage of the Corticon product to improve their operational responsiveness through advanced rules automation, which will enhance their existing BPM and SOA investments."

The Progress Corticon BRMS product is used by many of the world's largest financial services, insurance, and eCommerce companies as well as federal and state government organizations, collectively automating millions of decisions per day to improve productivity and customer service. Corticon's model-driven approach makes rules accessible to business domain experts who can maintain and adapt rules, according to changing market conditions.

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) is an independent enterprise software company that enables businesses to be operationally responsive to changing conditions and customer interactions as they occur - to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class enterprise software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment - all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

Corticon, Progress, Progress Responsive Process Management, Progress Control Tower, and Progress RPM are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other marks contained herein may be trademarks of their respective owners.

Progress Software Corporation
Rachel Harnden, +44 (0)1344 386387
rharnden@progress.com
or
LEWIS PR
Jon Brigden, +44 (0)20 7802 2626
jon.brigden@lewispr.com
or
Progress Software
Colleen Sheehan, +1-781-280-4362
csheehan@progress.com
@ProgressSW
or
LEWIS PR
Kim Karelis, +1-617-226-8844
progresssoftware@lewispr.com


© Business Wire 2012
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Financials ($)
Sales 2016 412 M
EBIT 2016 122 M
Net income 2016 31,4 M
Debt 2016 1,90 M
Yield 2016 -
P/E ratio 2016 45,65
P/E ratio 2017 44,94
EV / Sales 2016 3,40x
EV / Sales 2017 3,29x
Capitalization 1 398 M
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Number of Analysts 3
Average target price 27,5 $
Spread / Average Target -4,4%
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Yogesh K. Gupta President, Chief Executive Officer & Director
John Richard Egan Non-Executive Chairman
Jerry Rulli Chief Operating Officer
Kurt J. Abkemeier Chief Financial Officer
Michael L. Mark Lead Independent Director
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