Progress Software

Progress Software Corporation is an American public company that produces software for creating and deploying business applications. It is headquartered in Burlington, Massachusetts, and had offices in 16 countries as of 2024. The company was co-founded in 1981 by several graduates of the Massachusetts Institute of Technology, including Joseph W. Alsop, Clyde Kessel and Chip Ziering, and was originally called Data Language Corporation. In 1984 it released the first commercial version of its PROGRESS application development environment for Unix, and the next year a version for MS-DOS. By 1987 the software ran on computer networks and on the VAX/VMS and CTOS/BTOS operating systems, and in that year the company changed its name to Progress Software Corporation to match the name of its product. Its products have included the OpenEdge platform for building business applications and managing databases, the Telerik developer tools, Chef for devops automation, the MOVEit and WS_FTP file transfer products, MarkLogic, Kemp LoadMaster and Flowmon. The company is traded on the NASDAQ under the symbol PRGS.