Progress Software Corporation is an American public company that offers software for creating and deploying business applications. Headquartered in Bedford, Massachusetts with offices in 16 countries, the company posted revenues of $397.6 million in 2017 and employs approximately 1500 people.
Progress Software was co-founded by several MIT graduates, including Joseph W. Alsop, in 1981. Initially called Data Language Corporation, the company changed its name in 1987 to match that of its flagship product, Progress.
In October 2002, Progress Software acquired Boston based eXcelon Corporation 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.
In 2004, Progress Software bought out Persistence Software for $16 million.
In January 2006, Progress Software acquired Mountain View-based Actional Corporation, which itself was the merger between Actional Corporation and WestBridge Technologies. Actional focuses on providing enterprise-class SOA Management, Security, and run-time Governance solutions that cross vendor and protocol boundaries, based upon open standards.
In March 2006, Progress Software acquired Neon Systems, which offers a set of capabilities for companies seeking to modernize existing 3270 applications. In 2010, Progress Software acquired the Santa Clara-based Savvion Inc., a provider of Business Process Management technology. Later that year, Progress announced the introduction of its Responsive Process Management suite, including its Progress Control Tower.
Highest paying job titles at Progress Software include Software Engineer, Engineering Manager, and Senior Programmer Analyst