Progress Software Corp. PRGS

What this company does

Progress Software Corporation provides software products that enable customers to develop, deploy and manage AI-powered applications and digital experiences. It operates in North America, Latin America, Europe, the Middle East and Africa, and Asia and Australia, through local subsidiaries as well as independent distributors. It operates as a single operating segment, with its Chief Executive Officer serving as its chief operating decision maker. As of November 30, 2025, it had 2,801 employees worldwide, including 932 in sales and marketing, 523 in customer support and services, 1,048 in product development and 298 in administration. Its MOVEit product is managed file transfer software for managing and controlling the movement of sensitive files, providing the ability to secure them both at-rest and in-transit, and meeting compliance requirements. Its OpenEdge product is an application development platform for running business-critical applications that need high-performance, high availability and flexible deployment options for extensibility, scalability, security and performance. Nearly half of its worldwide revenue is realized through relationships with indirect channel partners, principally independent software vendors, original equipment manufacturers, distributors and value-added resellers. It acquired Ipswitch in April 2019, Chef Software in October 2020, Kemp Technologies in November 2021, MarkLogic in February 2023, ShareFile in October 2024 and Nuclia in June 2025.

Written from the business description in PROGRESS SOFTWARE CORP /MA's annual report to the U.S. Securities and Exchange Commission, filed 20 January 2026. Every sentence was checked against that document before publication.