Progress

Progress Software Corporation is a public B2B software company that develops, acquires, sells and supports enterprise software used to build applications, manage data, automate infrastructure, secure file transfer, monitor IT environments and run digital experiences. Its portfolio spans developer tools, data platforms, content management, managed file transfer, observability, network security, load balancing and infrastructure automation. The company serves enterprise IT, engineering, security, operations, marketing and data teams, primarily through a mix of cloud-delivered software and traditional enterprise software products. The business model combines recurring SaaS subscriptions, term and perpetual licensing, maintenance and support contracts, and ancillary professional services. Progress is also an active consolidator of infrastructure software assets, with acquisitions including Telerik, Kinvey, Chef, Kemp and MarkLogic. Management frames this as a Total Growth Strategy focused on recurring revenue, operating margin expansion and cash generation.