Progress Software Corporation (PRGS) - NASDAQ
  • Oct. 18, 2012, 12:25 PM

    Progress Software (PRGS +6.1%) pops after announcing a deal to sell 4 product lines to private software firm Trilogy Enterprises for $114M. Progress says the product lines have generated $83M in sales this year, and that their divestment will leave only two more lines to be sold as part of the company's efforts to rid itself of "non-core" offerings. (CEO resignation/guidance withdrawal)

    | Oct. 18, 2012, 12:25 PM
  • Jun. 27, 2012, 4:51 PM

    Red Hat (RHT) is acquiring Progress Software's (PRGS) FuseSource business, which provides open-source middleware tools, for an undisclosed sum. The acquisition is the latest example of Red Hat's efforts to build an app infrastructure platform that runs on Linux, and is based on open-source software. FuseSource competes with middleware market leaders IBM, ORCL, and TIBX. (PR)

    | Jun. 27, 2012, 4:51 PM
Company Description
Progress Software Corp. develops real-time data management software. It is a global software company, which simplifies and enables the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal information technology... More
Sector: Technology
Industry: Application Software
Country: United States