Trade Progress Software
Software Company (Progress) is a u.S. public company that offers software to create and publish business applications. Headquartered in Bedford, Massachusetts with offices in 16 countries, the company recorded revenues of $397.6 million (US$) in 2017 and employs nearly 1,500 people. Progress Program co-founded by several MIT graduates, including Joseph W. Zab, in 1981. Initially, the company was called Data Language Company (DLC), and changed its name in 1987 to comply with the name of its flagship product, Progress. in October 2002, Progress Software acquired Boston-based eXcelon (NASDAQ: EXLN, formerly Object Design, NASDAQ: ODIS) for approximately $24 million. eXcelon created XIDE XML, Stiles Studio, which is now marketed by Progress Software. in December 2003, DataDirect Technologies Progress Software Ltd. received $88 million. In 2005, Progress acquired Alabama and engaged in complex events Space.In 2004, and Progress Software purchased stability software for $16 million. In January 2006, Progress Software acquired Mountain View-based Action, which was the same merger between Action Corporation and Westbridge Technologies (XML Security). Actional focuses on providing ENTERPRISE-class SOA management solutions, security, and start-up governance solutions that cross supplier and protocol boundaries, based on open standards. In March 2006, Progress Software acquired Neon Systems (NASDAQ: NEON), That provides a range of capabilities for companies seeking to update the 3,270 existing applications. In 2010, Progress Software acquired Santa Clara-based Savvion Inc., a company that provides business operations management technology. Later that year, Progress announced the launch of its Responsive Operations Management Wing, including the Progress Watch.