Progress Software Corporation
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ROIC.AI
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- Progress Software Corporation (Nasdaq: PRGS), founded in 1981 and headquartered in Bedford, Massachusetts, develops, deploys and manages AI-powered software solutions for enterprise business applications, including application development platforms such as OpenEdge and Telerik; UI toolkits including Kendo UI and Test Studio; data connectivity and integration tools like DataDirect Connectors and Hybrid Data Pipeline; digital experience management offerings such as Sitefinity and ShareFile; infrastructure management products including WhatsUp Gold, Kemp LoadMaster, Flowmon and Chef; business rules engines like Corticon; file transfer solutions such as MOVEit and WS_FTP; and AI-driven platforms encompassing NativeChat, MarkLogic, Semaphore and agentic Retrieval-Augmented Generation (RAG) technologies from Nuclia. The company serves global customers across industries including finance, healthcare, government and manufacturing, with operations in 16 countries and a recently expanded Center of Excellence in Costa Rica to support customer success, technical support, sales and AI product delivery in the Caribbean and Latin America region. Recent developments include the October 2024 acquisition of ShareFile for $875 million to bolster secure document collaboration and digital experience capabilities; the 2025 acquisition of Nuclia to enhance agentic RAG AI solutions; the Q3 2025 expansion of AI-powered developer tools in Telerik and Kendo UI; the doubling of its Costa Rica workforce in October 2025; and the launch of Agentic RAG as a SaaS platform on AWS to accelerate AI and analytics projects.
Company News
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Progress Software Corporation (PRGS) M&A Call Transcript
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Domo Announces Agreement to Sell Substantially All Assets and Certain Liabilities to Progress Software for $400 Million
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