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Progress Software Corporation (PRGS)

  • 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 | Comment!
  • 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 | Comment!
PRGS vs. ETF Alternatives
Company Description
Progress Software Corporation is asoftware company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source.
Sector: Technology
Country: United States