Progress Software Overview

  • Founded

  • 1981

Founded
  • Status

  • Public

  • Employees

  • 2,103

Employees
  • Stock Symbol

  • PRGS

Stock Symbol
  • Investments

  • 31

  • Share Price

  • $48.02

  • (As of Wednesday Closing)

Progress Software General Information

Description

Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. The firm operates in three segments: OpenEdge, which offers development software for building multi-language applications; Data Connectivity and Integration, which focuses on data integration components of its cloud offerings; and Application Development and Deployment, which focuses on growing application development assets for customers. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States, Europe, the Middle East, and Africa (EMEA).

Contact Information

Website
www.progress.com
Formerly Known As
Data Language Corp
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
IT Consulting and Outsourcing
Other Industries
Business/Productivity Software
Database Software
Stock Exchange
NAS
Primary Office
  • 15 Wayside Road
  • Suite 400
  • Burlington, MA 01803
  • United States
+1 (781) 000-0000

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Progress Software Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$48.02 $46.94 $41.68 - $53.99 $2.04B 43.5M 279K $2.18

Progress Software Financials Summary

In Thousands,
USD 		TTM 31-May-2022 FY 2021 30-Nov-2021 FY 2020 30-Nov-2020 FY 2019 30-Nov-2019
EV 2,593,250 2,334,317 1,891,793 2,032,503
Revenue 581,214 531,313 442,150 413,298
EBITDA 200,913 167,786 140,075 93,944
Net Income 95,466 78,420 79,722 26,400
Total Assets 1,354,582 1,363,537 1,041,782 881,271
Total Debt 646,946 591,350 416,483 294,719
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Progress Software Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Progress Software Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Progress Software Corporation is a provider of cloud-based security solutions to large- and mid-sized organizations in a
IT Consulting and Outsourcing
Burlington, MA
2,103 As of 2021
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000000000000000000000 00000000
Tysons, VA
0000 As of 0000
000.00
0000 0000-00-00
00000000 000.00

000000

labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris n
000000000000000000000 00000000
Waltham, MA
0000 As of 0000
00.000
00000000000 00.000
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Progress Software Competitors (29)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
MicroStrategy Corporation Tysons, VA 0000 000.00 00000000 000.00
000000000 Formerly PE-Backed Waltham, MA 0000 00.000 00000000000 00.000
00000 00000 000000 Formerly PE-Backed Newbury, United Kingdom 00000 00000 000000000 00000
00000 00000000 Private Equity-Backed Palo Alto, CA 0000 00.000 000000000 00.000
000000 Formerly VC-backed San Francisco, CA 0000 00.000 000000&0
You’re viewing 5 of 29 competitors. Get the full list »

Progress Software Patents

  • 205

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 53

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

Progress Software Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11263387-B1 Technology agnostic page builder architecture Active 05-May-2020 0000000000
US-11295511-B1 Multi-user data presentation in ar/vr Active 11-Feb-2020 000000000 0
US-11172050-B1 Self-configuring adapter Active 25-May-2018 0000000000
US-10991369-B1 Cognitive flow Active 31-Jan-2018 000000000 00
US-10616182-B1 Data access and firewall tunneling using a custom socket factory Active 30-Nov-2017 H04L63/029
To view Progress Software’s complete patent history, request access »

Progress Software Executive Team (44)

Name Title Board Seat Contact Info
Yogesh Gupta Chief Executive Officer & Board Member
Loren Jarrett Executive Vice President & General Manager
Sundar Subramanian Executive Vice President & General Manager, DevSecOps
Domenic LoCoco Chief Accounting Officer, Accounting
Ian Pitt Chief Information Officer & Executive Vice President
You’re viewing 5 of 44 executive team members. Get the full list »

Progress Software Board Members (13)

Name Representing Role Since
Angela Tucci Self Board Member 000 0000
Charles Kane Self Board Member 000 0000
David Krall Self Board Member 000 0000
John Egan Self Chairman & Board Member 000 0000
Paul Dacier JD Self Board Member 000 0000
You’re viewing 5 of 13 board members. Get the full list »

Progress Software Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Progress Software Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Progress Software Acquisitions (31)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 00000000 01-Nov-2021 0000000000 00000 Business/Productivity Software 000000 00
0000 00000000 05-Oct-2020 0000000000 00000 Business/Productivity Software 000000 00
00000000 30-Apr-2019 0000000000 00000 Network Management Software 000000 00
000000 01-Jun-2017 0000000000 000.00 Software Development Applications 000000 00
DataRPM 01-Mar-2017 Merger/Acquisition 0000 IT Consulting and Outsourcing 000000 00
You’re viewing 5 of 31 acquisitions. Get the full list »

Progress Software Subsidiaries (3)

Company Name Industry Location Founded
Modulus (Application Software) Application Software Cincinnati, OH 2012
000000 00000000 IT Consulting and Outsourcing Sofia, Bulgaria 0000
0000 00000000 Business/Productivity Software Seattle, WA 0000
To view Progress Software’s complete subsidiaries history, request access »

Progress Software Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
00000000 24-May-2013 000000000000000000 00.00 Completed
  • 00000000 00000000
0000000 12-May-2005 000000000000000000 000 Completed
  • 00000000 00000000
0000000 19-Dec-2002 000000000000000000 000.00 Completed
  • 00000000 00000000
ObjectStore 01-Jan-2002 Merger/Acquisition Completed
To view Progress Software’s complete exits history, request access »