Progress Software

Progress Software Corporation

Formerly called	Data Language Corporation
Type	Public
Traded as	NASDAQ: PRGS S&P 600 Component
Industry	Computer software
Founded	1981
Headquarters	Bedford, Massachusetts, U.S.
Key people	Yogesh Gupta (President & CEO) Kurt Abkemeier(Chief Financial Officer) Jerry Rulli (Chief Operating Officer) Stephen Faberman (Chief Legal Officer) Michael Benedict (Chief Product Officer) Vassil Terziev (Chief Innovation Officer) Svetozar Georgiev (Senior Vice President, Application Platforms) Melissa Puls (Chief Marketing Officer) Dimitre Taslakov (Chief Talent Officer)
Revenue	$334.0 million (2013)
Operating income	$63.7 million (2013)
Net income	$74.9 million (2013)
Number of employees	942
Website	www.progress.com

Progress is a global software company. The Progress portfolio includes solutions for enterprise integration, data interoperability and application development, including Software as a Service (SaaS) enablement and delivery. Progress's headquarters are in Bedford, Massachusetts.

Progress products and technology are used at over 60,000 organizations in 140 countries including 90% of the Fortune 500. Progress technology provides the infrastructure for applications as diverse as ERP and financial trading, across industries as diverse as retail (Smartstores), manufacturing, telecommunications, financial services, and government. Its best known product is the OpenEdge ABL (formerly known as Progress 4GL), which was developed in the early 1980s.New

The company is composed of the following business units: Application Development & Deployment, OpenEdge, and Data Integration. In September 2016, it was announced that Yogesh Gupta would be named president and CEO, replacing Phil Pead.

Progress Software was co-founded under the name Data Language Corporation by several MIT graduates, including Joseph W. Alsop, in 1981. Initially called Data Language Corporation (DLC), The company was renamed in 1987.

In October 2002, Progress Software acquired Boston based eXcelon Corporation (NASDAQ: EXLN, formerly Object Design, NASDAQ: ODIS) for approximately US$24 Million. eXcelon created an XML IDE, Stylus Studio, which is now marketed by Progress Software.

In December 2003, Progress Software acquired DataDirect Technologies Ltd. for $88 million. In 2005, Progress acquired Apama and entered the Complex Event Processing Space.