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Home > Company Index > Computer Software & Services > Database & File Management Software > Progress Software Corporation

Progress Software Corporation
Nasdaq: PRGS
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 NEWS FROM THE STANDARD
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 PROFILE
Progress Software envisions a perfect, progressive reproductive cycle -- software begets software begets software. The company's software development and deployment tools help customers (including more than half of the "FORTUNE" 100) such as AT&T, Johnson & Johnson, and PepsiCo create and use business software. Among its offerings are development tools, deployment technologies for application and messaging servers, databases, and data servers. About 60% of Progress' sales come from maintenance, consulting, and other ancillary services; more than 60% of sales come from customers outside the US. The company is boosting its presence in the application services provider software rental market.

 COMPETITION
Ascential Software Corporation (ASCL)
Oracle Corporation (ORCL)
Sybase, Inc. (SY)

 DEALS
Deal: Progress Software Buys Allegrix
Date Announced: 06.04.01
Value of transaction (US $Mil): Not Disclosed
Description: E-business services firm acquires ASP infrastructure company.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: November
2000 Sales (mil.): 271.30
1-Yr. Sales Growth: (5.2)%
Employees: 1,398
Revenue per employee: $194,062.95

 KEY PEOPLE
• Joseph W. Alsop
    CEO
• Norman R. Robertson
    CFO

 CONTACT INFO
14 Oak Park
Bedford, MA 01730
US
Phone: 781-280-4000
Fax: 781-280-4095
Online: Web Site

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