Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
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
Jon Brigden, +44 (0)20 7802 2626
Progress Software
Colleen Sheehan, +1-781-280-4362
Kim Karelis, +1-617-226-8844

© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
11/21 PROGRESS : Releases New Components for Ground Breaking NativeScript Mobile Devel..
11/16 PROGRESS SOFTWARE : Named a "Cool Company in Cognitive Computing" by Big Data Qu..
11/16 PROGRESS : Named a “Cool Company in Cognitive Computing” by Big Data..
11/15 PROGRESS : Brings Predictive Analytics to OpenEdge
11/08 PROGRESS SOFTWARE : Daily Nanny App Released Five Times Faster with NativeScript..
11/06 PROGRESS : CEO, Yogesh Gupta to Keynote on The Future of Business Applications a..
11/02 PROGRESS SOFTWARE : Announces Plan to Expand Its Board of Directors
11/01 PROGRESS SOFTWARE : Praesidium Releases Questions for Shareholders to Ask Progre..
10/31 PROGRESS SOFTWARE : 500+ to Attend EMEA Progress User Group (PUG) Challenge; Pro..
10/24 PROGRESS SOFTWARE : Announces Plan to Expand Its Board of Directors
More news
News from SeekingAlpha
10/24 Progress Software seeks to expand board
09/27 Progress Software's (PRGS) CEO Yogesh Gupta on Q3 2017 Results - Earnings Cal..
09/27 Progress Software beats by $0.01, beats on revenue
09/26 Notable earnings after Wednesday?s close
09/12 Progress Software updates guidance for Q3; Shares +3%
Financials ($)
Sales 2017 396 M
EBIT 2017 140 M
Net income 2017 38,9 M
Finance 2017 1,50 M
Yield 2017 -
P/E ratio 2017 72,34
P/E ratio 2018 60,54
EV / Sales 2017 5,10x
EV / Sales 2018 5,04x
Capitalization 2 023 M
Duration : Period :
Progress Software Corporat Technical Analysis Chart | PRGS | US7433121008 | 4-Traders
Technical analysis trends PROGRESS SOFTWARE CORPORAT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 40,0 $
Spread / Average Target -5,5%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
RED HAT INC81.62%22 400
HEXAGON29.95%17 530
SYNOPSYS, INC.51.78%13 423