About Progress
Progress is a company based in Bedford (United States) founded in 1981.. The company has 2,810 employees as of November 30, 2024. Progress has completed 19 acquisitions, including Chef, Corticon and DataDirect. Progress operates in a competitive market with competitors including Webflow, Odoo, JFrog, BloomReach and Acquia, among others.
- Headquarter Bedford, United States
- Employees 2810 as on 30 Nov, 2024
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Progress Software Corporation
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Annual Revenue
$753.41 M8.49as on Nov 30, 2024
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Net Profit
$68.44 M-2.51as on Nov 30, 2024
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EBITDA
$258.14 M10.91as on Nov 30, 2024
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Latest Funding Round
- Investors
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Employee Count
2810
as on Nov 30, 2024
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Investments & Acquisitions
Chef
& 18 more
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IPO & Listings of Progress
Progress is a publicly listed company on the NASDAQ with ticker symbol PRGS in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
193 people
Sales and Marketing
135 people
Senior Team
67 people
Leadership Team
37 people
Finance and Accounting
29 people
Creative and Marketing Team
23 people
Product Management Team
21 people
Principal Team
16 people
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Funding Insights of Progress
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(08 Apr 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Grant - Progress | Valuation |
investors |
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| Apr, 2021 | Amount | Post-IPO - Progress | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Progress
Progress has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Progress
Progress has strategically engaged in corporate development activities, having acquired 19 companies. Notable acquisitions include Chef, Corticon and DataDirect. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Agentic RAG-as-a-Service platform is provided for AI search and answers.
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2019 | ||||
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Big Data Business Intelligence Solution for predictive maintenance
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2012 | ||||
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Node.js hosting platform with scalable deployment and management tools.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Progress
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Progress Comparisons
Competitors of Progress
Progress operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Webflow, Odoo, JFrog, BloomReach and Acquia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based website development platform
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| domain | founded_year | HQ Location |
Open-source business management software is developed with integrated modules.
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| domain | founded_year | HQ Location |
Cloud based suite of devops solutions
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| domain | founded_year | HQ Location |
SaaS-based product discovery and personalization for e-commerce are provided.
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Progress
Frequently Asked Questions about Progress
When was Progress founded?
Progress was founded in 1981 and raised its 1st funding round 40 years after it was founded.
Where is Progress located?
Progress is headquartered in Bedford, United States.
Who is the current CEO of Progress?
Yogesh Gupta is the current CEO of Progress.
How many employees does Progress have?
As of Nov 30, 2024, the latest employee count at Progress is 2,810.
What is the annual revenue of Progress?
Annual revenue of Progress is $753.41M as on Nov 30, 2024.
What does Progress do?
Founded in 1981 and based in Bedford, United States, Progress operates in the software industry. Application infrastructure software is offered for the development, deployment, integration, and management of business applications. A platform is provided for cross-platform mobile app development and for managing business rules through automated decision processes. Application lifecycle management solutions are also included in the offerings.
Who are the top competitors of Progress?
Progress's top competitors include DigitalOcean, Webflow and JFrog.
Is Progress publicly traded?
Yes, Progress is publicly traded on NASDAQ under the ticker symbol PRGS.
How many acquisitions has Progress made?
Progress has made 19 acquisitions, including Chef, Corticon, and DataDirect.
Who are Progress's investors?
Progress has 1 investor. Key investors include European Union.
What is Progress's ticker symbol?
The ticker symbol of Progress is PRGS on NASDAQ.
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