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. Progresss 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.[verification needed] 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.