Progress Software Corporation (PRGS) Company Profile & Facts – Yahoo Finance

Progress Software Corporation

15 Wayside Road
Suite 400
Burlington, MA 01803
United States
781 280 4000
https://www.progress.com

Sector(s): Technology
Industry: Software—Application
Full Time Employees: 2,071

Key Executives

Name

Title

Pay

Exercised

Year Born

Mr. Yogesh K. Gupta

CEO, Pres & Director

1.26M

N/A

1961

Mr. Anthony Folger

Exec. VP & CFO

739.6k

N/A

1972

Mr. Jeremy Segal

Exec. VP of Corp. Devel.

561.25k

N/A

1971

Mr. John Ainsworth

Exec. VP & GM of Application & Data Platform

622.83k

N/A

1965

Ms. Loren Weinberg Jarrett

Exec. VP & GM of Digital Experience

664.12k

N/A

1975

Mr. Domenic Lococo

Chief Accounting Officer

N/A

N/A

N/A

Mr. Ian Pitt

Exec. VP & Chief Information Officer

N/A

N/A

1967

Mr. Brian Flanagan

Directory of Treasury & Investor Relations

N/A

N/A

N/A

Ms. YuFan Wang

Exec. VP, Chief Legal Officer & Sec.

N/A

N/A

1983

Ms. Jennifer Ortiz

Exec. VP of Marketing

N/A

N/A

1976

Amounts are as of

December 31, 2022

and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, a flexible application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Corporate Governance

Progress Software Corporation’s ISS Governance QualityScore as of April 1, 2023 is 3. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 6; Compensation: 3.

Corporate governance scores courtesy of

Institutional Shareholder Services (ISS).

Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.