About Progress
Progress is a publicly listed company based in Bedford (United States) founded in 1981. IDE-based software is provided for application development and management. The company has 2,810 employees. Progress has completed 19 acquisitions, including Chef, Corticon and DataDirect. Its chief executive, as recorded, is Yogesh Gupta. Its website progress.com draws about 447 thousand monthly visits. Its Indian entity Progress Software Development Private Limited reported revenue of ₹311 Cr. Its focus areas include Enterprise Infrastructure, Application Development Tools, Code Development and Integrated Development Environment. Its competitors include Webflow, JFrog and BloomReach; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bedford, United States
- Employees 2,810
- Stage Public
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Phone•••• ••••
- Website progress.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Progress Software Corporation
- Indian entity revenue₹311 Cr
FY 2025 · +31% YoY
- Indian entity net profit₹38.01 Cr
FY 2025 · 12% margin
- Indian entity EBITDA₹60.30 Cr
FY 2025 · 19% margin
- Investors
- Employee Count2,810
- Investments & AcquisitionsChef
& 18 more
Associated legal entities of Progress
Progress operates through Progress Software Development Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Progress Software Development Private Limited CIN U74200TG2005PTC045304 | Active | 09 Feb 2005 | Hyderabad, Telangana | ₹311 Cr | 424 | 3 | View details |
Apps and channels of Progress
its YouTube channel Progress Software has 17.2K subscribers and 30 videos.
Videos from Progress
The most watched videos on Progress's YouTube channel, Progress Software (17.2K subscribers). Click a video to play it here.
More on Progress Software.
Funding Insights of Progress
- Total Rounds 2
- First Round $325M
(Apr 2021)
- Investors Count 1
All 2 funding rounds of Progress with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | Grant | – | – | ||
| Apr 2021 | $325M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Progress
Progress has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Progress
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Progress Software Development Private Limited (Progress)
Progress Software Development Private Limited is the primary company behind Progress. The board of Progress Software Development Private Limited currently have 3 directors; the longest-serving is Domenic Lococo, appointed in 2022. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Domenic Lococo DIN 06485476 | Director | 29 Jun 2022 | 4 yrs 4 mo | Progress Software Development Private Limited |
| Anthony Alfred Folger DIN 06766461 | Director | 11 Oct 2022 | 4 yrs | Progress Software Development Private Limited |
| Chandra Sekhar Cheruku DIN 09707792 | Director | 30 Nov 2022 | 3 yrs 11 mo | Progress Software Development Private Limited |
People of Progress
663 people are tracked at Progress (155 in leadership, 8 in board & advisors, 500 in team); the tracked headcount is 2,810.
| Name | Role | Group |
|---|---|---|
Alexander Fries | Director | Leadership |
Yogesh Gupta | CEO & President | Leadership |
Santhosh Reddy Cheerla | Director Software Engineering | Leadership |
Poonam P. | Talent Acquisition Partner - APJ People Team | Leadership |
Brian Loomis | Director of Architecture, Chef | Leadership |
Sandy Bodzin | Director Sales Engineering | Leadership |
Kim Baker | Director, Corporate Communications | Leadership |
Ani Girgitsova-Dimitrova | Talent Enablement Director | Leadership |
Manish Mamidichetti | Senior Talent Acquisition Partner, APJ - People Team | Leadership |
Ian Pitt | Chief Information Officer, EVP | Leadership |
| Chief Financial Officer | Leadership | |
Adela Usi | Senior Director, International Renewals & Order Management At Progress Software Europe BV | Leadership |
Charlene Saini | Partner Development Specialist, Senior | Leadership |
Megan Gouveia | Director, Digital Strategy | Leadership |
Susan Woodbury | Director, Customer Order Management | Leadership |
Dinara Doyle | Chief of Staff | Leadership |
YuFan Stephanie Wang | Chief Legal Officer & Secretary | Leadership |
Dan Choquette | Director, Global Presales, Services & Education | Leadership |
Brandon Smith | Senior Director Of Accounting | Leadership |
Monique-Kiki Bruins | Marketing Director | Leadership |
643 more people are available in the full profile.
Complete people profiles for Progress
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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.
- IPO date02 Aug 1991
- Listed onNASDAQ: PRGS
- Listed entityProgress Software Corporation
- Exchange sectorTechnology services
- ISINUS7433121008
- Share price$39.41 (+1.08% on the day) · 2026-10-13
- Market capitalisation$1.61B
- Price to earnings18.1
- EPS (diluted, trailing year)$2.18
- Volume (last session)541,844
Financials of Progress
Figures of Progress Software Development Private Limited, the primary company behind Progress, for FY 2025. Revenue was ₹311 Cr (+31% year on year). Net profit was ₹38.01 Cr (12% margin). EBITDA was ₹60.30 Cr (19% margin). Revenue has grown at a compounded annual rate of +28% over three years and +30% over five years.
- ₹311 CrRevenue · FY 2025 · +31% YoY
- ₹38.01 CrNet profit · 12% margin
- ₹60.30 CrEBITDA · 19% margin
- ₹5 LakhPaid-up capital
- 424Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $977.8M | $73.1M | $326.2M |
| 2024 | $753.4M | $68.4M | $258.1M |
| 2023 | $694.4M | $70.2M | $232.7M |
| 2022 | $602.0M | $95.1M | $209.2M |
| 2021 | $531.3M | $78.4M | $189.9M |
Balance sheet, profit and loss, cash flow and ratios of Progress Software Development Private Limited are on its company page.
Detailed financial statements for Progress
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Progress
Progress has strategically engaged in corporate development activities, having acquired 19 companies. Notable acquisitions include Chef, Corticon and DataDirect.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Agentic RAG-as-a-Service platform is provided for AI search and answers. | nuclia.com | Barcelona, Spain | 2019 | Jul 2025 | •••• | |
Secure file sharing and storage are facilitated for businesses. | sharefile.com | Raleigh, United States | 2005 | Sep 2024 | $875M | |
Schema-agnostic NoSQL database for data integration and search is offered. | marklogic.com | San Carlos, United States | 2001 | Jan 2023 | $355M | |
Cloud, network management, and SaaS monitoring services are provided. | kemptechnologies.com | New York, United States | 2000 | Sep 2021 | $258M | |
Infrastructure automation is provided for application servers and cloud integration. | chef.io | Seattle, United States | 2008 | Sep 2020 | $220M | |
Secure file transfers and network monitoring are offered by Ipswitch. | ipswitch.com | Lexington, United States | 1991 | Mar 2019 | $225M | |
Cloud backend services are offered for mobile and web applications. | kinvey.com | Boston, United States | 2010 | Jun 2017 | $49M | |
Big Data Business Intelligence Solution for predictive maintenance | datarpm.com | Redwood, United States | 2012 | Mar 2017 | $30M | |
Software development and consulting services are provided to clients. | onebitsoftware.net | Sofia, Bulgaria | 2011 | Aug 2016 | •••• | |
Telerik is recognized for providing UI components and development tools. | telerik.com | Bedford, United States | 2002 | Oct 2014 | $262.5M |
Complete acquisition details for Progress
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Timeline of Progress
14 dated milestones of Progress across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Progress is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Telerik.
- Acquisition Acquires Onebit Software.
- Acquisition Acquires DataRPM.
- Acquisition Acquires Kinvey.
- Acquisition Acquires Ipswitch.
- Acquisition Acquires Chef.
- Funding First funding round of $325.0M.
- Acquisition Acquires Kemp.
- Funding Latest funding round, Grant,.
- Acquisition Acquires MarkLogic.
- Acquisition Acquires ShareFile.
- Acquisition Acquires Nuclia.
Competitors of Progress
Progress has 3 listed competitors in our database, 3 of them funded. They include Webflow, JFrog and BloomReach.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| webflow.com | 2012 | San Francisco, United States | $333.51M | 505 | Cloud based website development platform | |
| jfrog.com | 2008 | Sunnyvale, United States | $227M | 1,400 | Cloud based suite of devops solutions | |
| bloomreach.com | 2009 | Mountain View, United States | $422M | SaaS-based product discovery and personalization for e-commerce are provided. |
Detailed competitors of Progress
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Web traffic of Progress
The website of Progress (progress.com) receives about 446.9K visits a month and ranks #110,224 among all websites worldwide, #2,462 in Programming and Developer Software.
- Monthly visits446.9K
▲ 3.4% vs previous month
- Unique visitors180.7K
per month
- Global rank#110,224
among all websites
- Category rank#2,462
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate46%
- Pages per visit2.8
- Average visit2 min 01 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with Progress. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| progresstalk.com | 100% | #1,046,237 | View details | ||
| borland.com | 99% | View details | |||
peg.com | peg.com | 98% | – | ||
| datadirect.com | 93% | View details | |||
| oracle.com | 87% | 18.1M | #2,347 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Progress
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Top companies in PaaS & SaaS Platforms
3 companies that operate in the same segment as Progress (PaaS & SaaS Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A cloud-based database-as-a-service platform is provided for application development. | 2007 | New York, New York, United States | USD 311.32 M | USD 2.46 B | 8,070 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Cloud-based software for continuous application development and deployment. | 2013 | San Francisco, California, United States | USD 212 M | 205 |
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Related news about Progress
Complete news archive for Progress
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Frequently Asked Questions about Progress
Progress was founded in 1981 and raised its 1st funding round 40 years after it was founded.
Progress is headquartered in Bedford, United States.
Yogesh Gupta is the CEO of Progress, as recorded in our data.
Progress has 2,810 employees.
The primary company behind Progress, Progress Software Development Private Limited, reported revenue of ₹311 Cr for FY 2025, up 31% year on year.
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.
Progress's top competitors include Webflow, JFrog and BloomReach.
Yes, Progress is publicly traded on NASDAQ under the ticker symbol PRGS.
Progress has made 19 acquisitions, including Chef, Corticon, and DataDirect.
Progress has 1 investor. Key investors include European Union.
Progress operates through Progress Software Development Private Limited.
The legal entities of Progress currently have 3 directors, including Chandra Sekhar Cheruku, Domenic Lococo, Anthony Alfred Folger.