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message progress software corporation formerly called data language corporation type public traded as nasdaq prgs industry computer software founded 1981 headquarters bedford massachusetts u.s. key people yogesh gupta president & ceo chris perkins chief financial officer jerry rulli chief operating officer stephen faberman chief legal officer michael benedict chief product officer vassil terziev chief innovation officer svetozar georgiev senior vice president application platforms melissa puls chief marketing officer dimitre taslakov chief talent officer revenue 334.0 million 2013 1 operating income 63.7 million 2013 1 net income 74.9 million 2013 1 number of employees 942 2 website www.progress.com 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 . 3 progress s 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 . 4 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 . 5 contents 1 history 2 product 3 references 4 external links history edit progress software was co founded under the name data language corporation by several mit graduates including joseph w. alsop in 1981 . 6 initially called data language corporation dlc the company was renamed in 1987 . in october 2002 progress software acquired boston based excelon corporation nasdaq exln formerly object design nasdaq odis 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 . 7 in 2005 progress acquired apama and entered the complex event processing space . in january 2006 progress software acquired mountain view based actional corporation which itself was the merger between actional corporation and westbridge technologies an xml security company . actional focuses on providing enterprise class soa management security and run time governance solutions that cross vendor and protocol boundaries based upon open standards . 8 in march 2006 progress software acquired neon systems nasdaq neon which offers a set of capabilities for companies seeking to modernize existing 3270 applications . 9 10 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 rpm suite including its progress control tower . in april 2011 progress software sold their swift integration product ads formally iona s artix data services to c24 technologies ltd uk . the product was re branded to its former name integration objects . in april 2012 progress announced strategy shift to become a much more narrowly focused specialist vendor looking to sell or decommission most of their existing products . 11 12 in june 2013 progress software acquired rollbase inc. a platform as a service paas for rapid development of cloud business applications . 13 rollbase was recognized by gartner as a 2013 cool vendor in paas . 14 in june 2013 software ag acquired apama activities from progress software . in june 2014 progress software announced that it had acquired cincinnati based modulus a company providing a node.js and mongodb cloud platform . 15 in december 2014 progress software completed the acquisition of telerik a leading provider of application development tools . 16 17 product edit the progress portfolio includes solutions for enterprise integration data interoperability and application development including software as a service saas enablement and delivery . during the early 2000s sonicmq became a popular message broker made by progress software . it implements the java message service 1.1 api . gilliland s notion was that the term bus being the fast communication layer in computer hardware architecture was analogous with the sonicxq capabilities ; further he felt the term more marketable generally . gilliland reviewed his idea with sonic marketing director danny goodall they concluded enterprise over application and goodall shared the thinking with us management . the idea was taken up by greg o connor bill cullen and gordon van huizen of the progress sonic team and subsequently adopted by it analyst firm gartner to become an industry accepted term . in june 2008 progress software acquired xcalia a data integration company and mindreef which developed soapscope products . in september 2008 progress acquired iona technologies . iona brought three product lines into the fold fuse open source soa artix commercially licensed soa and orbix corba infrastructure . in june 2012 the company sold its subsidiary fusesource which was spun out from progress in october 2010 to red hat . 18 in october 2012 progress software sold the brands sonic savvion actional and dataxtend dxsi to trilogy which created the company aurea software . 19 the company also announced that jay bhatt planned to step down from the positions and as a director effective december 7 . in may 2016 progress software re branded as progress to emphasize its increased focus on delivering cloud based software . 20 references edit a b c progress software corp ma 10 k 20140129 income statement . edgar online . january 29 2014 . retrieved september 3 2014 . progress software corporation . insideview . retrieved september 3 2014 . progress software corporation news . the new york times . retrieved september 3 2014 . progress software corporation overview . xensys progress software library . retrieved 2010 09 15 . ray tiernan . progress software names gupta as new ceo replacing pead . barrons . retrieved 2016 10 11 . mit related companies with 10 000 employees or more . massachusetts institute of technology . archived from the original on march 23 2007 . retrieved 2007 04 02 . sec form 8 k progress software corporation . united states securities and exchange commission . december 5 2003 . gardner w. david january 1 2006 . progress software acquires actional for us 32 million . itnews.com.au . archived from the original on september 17 2006 . retrieved 2007 04 02 . progress software acquires neon systems . march 23 2006 . archived from the original on february 23 2012 . progress software corporation to acquire neon systems creating unparalleled data connectivity leader . finanzen.net . december 20 2005 . retrieved september 3 2014 . empowering organizations through digital transformation progress . progress.com . retrieved 2016 10 14 . john r. rymer s blog . blogs.forrester.com . retrieved 2016 10 14 . progress software buys a new front end for its paas play . june 12 2013 . rollbase named 2013 cool vendor in paas by gartner . april 29 2013 . progress acquires modulus ; enables fast scalable node.js and mongodb app development and deployment nasdaq prgs . investors.progress.com . retrieved 2016 10 14 . progress completes acquisition of telerik and expands executive management team nasdaq prgs . investors.progress.com . retrieved 2016 10 14 . progress software buys telerik for 262.5 m as buying spree continues . october 22 2014 . morgan timothy prickett june 28 2012 . red hat snaps up open source soaer fusesource . the register . retrieved september 3 2014 . progress software announces agreement to sell four non core product lines to investment arm of trilogy enterprises nasdaq prgs . investors.progress.com . retrieved 2016 10 14 . so why did mark bittman leave purple carrot after all the boston globe . bostonglobe.com . retrieved 2016 05 17 . external links edit official website retrieved from https en.wikipedia.org w index.php title progress software & oldid 744322205 categories computer companies of the united statescompanies based in massachusettssoftware companies based in massachusettscompanies listed on nasdaqhidden categories articles with a promotional tone from june 2016all articles with a promotional tonearticles needing additional references from august 2010all articles needing additional referencesuse mdy dates from july 2015all pages needing factual verificationwikipedia articles needing factual verification from january 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article 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