Progress Software Corp

F:PGR

Business Description

Sector

Information Technology

Industry

Technology

Headquarters

United States of America US

Employees

2 801

IPO date

Jul 30, 1991

Progress Software makes software tools that help other companies build, connect, run, and manage business applications. Its products are used for application development, data integration, secure file transfer, and managing websites and digital experiences. Customers usually buy its software to speed up internal IT work and keep older and newer systems talking to each other.

The company sells mainly through software licenses and subscriptions, plus support and maintenance services. Its main customers are businesses and government organizations that need reliable enterprise software rather than consumer apps. Progress often sits behind the scenes in a customer’s technology stack, which makes its products useful for long periods once they are installed.

What sets Progress apart is that it focuses on the plumbing of enterprise software, not on flashy end-user products. It makes money by charging for the tools that developers, IT teams, and system administrators use every day to build and keep critical applications running. That gives it a steady role in the software industry as a provider of infrastructure and development tools.