Progress Software (PRGS +3.7%) moves up after naming Jay Bhatt, a former executive at Autodesk,...

|About: Progress Software Corporation (PRGS)|By:, SA News Editor

Progress Software (PRGS +3.7%) moves up after naming Jay Bhatt, a former executive at Autodesk, as its president and CEO. The business-software maker said in August its current President and CEO Richard Reidy would step down once a successor was named.