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Monday, November 23, 2009, 8:51PM ET - U.S. Markets Closed. Dow Up 1.29% Nasdaq Up 1.40%
Progress Software Corp. (PRGS)At 4:00PM ET: 25.06  Up 0.57 (2.33%)  
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Progress Software Corp.
14 Oak Park Drive
Bedford, MA 01730
United States - Map
Phone: 781-280-4000
Fax: 781-280-4095
Web Site: http://www.progress.com

DETAILS 
Index Membership:S&P 600 SmallCap
S&P 1500 Super Comp
Sector:Technology
Industry:Application Software
Full Time Employees:1,926

BUSINESS SUMMARY 
Progress Software Corporation engages in the development, marketing, and distribution of application infrastructure software for the development, deployment, integration, and management of business applications software. Its product line includes Progress OpenEdge platform, which offers development tools, application servers, application management tools, an embedded database, and the capability to connect and integrate with other applications and data sources; and Progress EasyAsk that provides product search, navigation, and merchandising for Web sites. The company’s product portfolio also consists of Progress Sonic, which comprises an enterprise messaging system and the enterprise service buses; Progress Actional that offers Web services management and service oriented architecture (SOA) management; Orbix for enterprise integration solutions; and Artix, which allows flexibility in SOA adoption. In addition, it offers Progress Apama, an event processing platform, which monitors moving event streams and detects patterns, and acts on high velocity data streams, including financial market feeds, RFID signals, telecommunications network traffic, and satellite telemetry data; DataDirect Connect products, which provide data connectivity components; and DataDirect Shadow to provide foundation architecture for standards-based mainframe integration. Further, the company’s product line consists of Progress DataXtend, which offers data integration for distributed applications; and Progress ObjectStore, an object data management system to store data faster than relational database management system or file-based storage system. Additionally, it provides consulting, training, and technical support services. Progress Software Corporation offers its solutions to businesses, industries, and governments worldwide. The company was founded in 1981 and is based in Bedford, Massachusetts.
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    CORPORATE GOVERNANCE 
    Progress Software Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 42.3% of S&P 600 companies and 74.9% of Software & Services companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Barry Bycoff , 60
    Exec. Chairman and Member of Special Litigation Committee
    $ 87.00KN/A
    Mr. Richard D. Reidy , 49
    Chief Exec. Officer and Pres
    $ 454.00K $ 314.00K
    Mr. Norman Robertson , 60
    Chief Financial Officer and Sr. VP of Fin. & Admin.
    $ 454.00K $ 0
    Mr. David G. Ireland , 62
    Exec. VP
    $ 472.00K $ 194.00K
    Mr. Jeffrey P. Stamen , 63
    Sr. VP of Corp. Devel. and Strategy
    $ 343.00K $ 0
    Dollar amounts are as of 31-Dec-08 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.
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