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Progress Software Delivers AI-Powered Threat Detection and Incident Response for Organizations to Defend Against Evolving Cyberthreats
Globenewswire· 2025-09-23 13:00
New release of Flowmon ADS simplifies threat detection and response, giving organizations faster insights, clearer guidance and stronger protection—without needing deep security expertise BURLINGTON, Mass., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the release of Progress® Flowmon® ADS 12.5, its advanced anomaly detection system. This latest version introduces powerful AI-driven capa ...
Progress Software Expands AI Coding Assistants Across Telerik and Kendo UI Libraries—Helping Developers Extend Productivity Up to 30%
Globenewswire· 2025-09-18 13:00
Core Insights - Progress Software has announced a significant expansion of its AI-powered developer capabilities in the Q3 2025 release of its developer toolsets, Progress® Telerik® and Progress® Kendo UI® [1][2] Group 1: AI Coding Assistants - The AI Coding Assistants are now available across all major UI component libraries, including ASP.NET Core, WPF, WinForms, .NET MAUI, and Angular, as well as Telerik Reporting and Progress Document Processing [2] - These assistants are integrated into existing IDE workflows and work with popular AI coding solutions like GitHub Copilot, Claude Code, and Cursor, enhancing productivity by up to 30% beyond existing AI-powered IDE capabilities [3] Group 2: Developer Efficiency - The AI Coding Assistants allow developers to build modern UIs, integrate advanced reports, and automate document workflows more efficiently, generating and configuring components, surfacing relevant API documentation, and resolving component-specific issues [4] - Progress Software emphasizes that its AI features are thoughtfully embedded into developer tools to genuinely enhance productivity, focusing on practical integrations that make a real difference for software teams [5] Group 3: New Capabilities - Progress is introducing new capabilities in Progress® ThemeBuilder℠, enabling theme creation and customization using conversational prompts, which saves time on manual editing and CSS configuration [6] - The AI capabilities in Telerik and Kendo UI libraries can also be embedded into applications for end-users, enhancing the overall user experience [7] Group 4: Company Overview - Progress Software empowers organizations to develop, deploy, and manage AI-powered applications and digital experiences, with over 4 million developers relying on its solutions [8][9]
Progress Federal Solutions Delivers Trusted AI-Powered Innovation for the U.S. Government, Defense and Public Sector
Globenewswire· 2025-09-15 13:05
Core Insights - Progress Software has launched Progress Federal Solutions, Inc., a wholly owned subsidiary aimed at serving the specialized needs of U.S. federal, defense, and public sector organizations [1][2] - The subsidiary will leverage Progress Software's technology portfolio to help government agencies accelerate digital transformation and meet compliance mandates [2][3] Company Overview - Progress Federal Solutions operates independently while utilizing the full strength of Progress Software's technology [2] - The subsidiary focuses on enabling data-driven decision-making and faster time to value for federal and defense agencies [3][4] Technology and Solutions - Progress Federal Solutions builds on the foundation of MarkLogic, acquired in 2023, specializing in data management and integration [4] - The subsidiary offers the Progress Data Platform, an AI-powered solution designed to connect, curate, and consume data across complex environments [7] - Key capabilities include automated semantics for progressive AI, progressive graphs, progressive vectors, and cloud-first digital experience platforms [8] Market Demand - Government agencies are increasingly prioritizing AI, particularly generative AI and machine learning, to enhance operations and data interpretation [6] - The integration of generative AI with semantic technologies and knowledge graphs is expected to deliver greater value to digital ecosystems [6] Partnerships and Distribution - Carahsoft Technology Corp. serves as a public sector distributor for Progress Federal Solutions, making the technology portfolio available through reseller partners [9]
Progress Software to Report Third Quarter 2025 Financial Results on September 29, 2025
Globenewswire· 2025-09-15 13:00
BURLINGTON, Mass., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2025 after the market close on Monday, September 29, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s third quarter of fiscal year 2025 ended on August 31, 2025. Conference Call Deta ...
Progress Software: Compelling Buy After The Crash (NASDAQ:PRGS)
Seeking Alpha· 2025-09-11 20:11
Market Overview - The stock market is experiencing a rally, reaching new all-time highs, driven by momentum stocks such as Oracle (ORCL) that are attracting investors with their potential for significant AI growth rates [1] - The S&P 500 multiples are currently above 20x and approximately 40x, indicating a high valuation environment [1] Analyst Insights - Gary Alexander, with extensive experience in covering technology companies and working in Silicon Valley, provides insights into current industry themes and trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1]
Progress Software Unveils Breakthrough SaaS RAG Platform Designed to Make Trustworthy and Verifiable Generative AI Accessible Across Organizations of all Sizes
Globenewswire· 2025-09-10 13:00
Core Insights - Progress Software has launched Progress® Agentic RAG, a SaaS platform designed to make generative AI accessible for organizations of all sizes, enabling them to transform unstructured data into actionable intelligence [1][3] - The platform aims to address the challenges posed by the exponential growth of unstructured and structured data, providing a user-friendly and affordable solution for businesses [2][5] Company Overview - Progress Software is a provider of AI-powered digital experience and infrastructure software, focusing on enabling organizations to manage and utilize their data effectively [1][7] - The company has over 4 million developers and technologists relying on its products, indicating a strong market presence [7] Product Features - Progress Agentic RAG offers a no-code RAG pipeline for streamlined ingestion, indexing, and retrieval of data across various formats, including multilingual text, audio, and video [9] - The platform provides intelligent search capabilities, delivering AI-generated answers based on unstructured data, ensuring trusted responses in multiple languages [9] - It supports seamless deployment of AI agents and integrates with leading enterprise-ready Large Language Models (LLMs), allowing users to choose their preferred model [9] - The underlying database, NucliaDB, enhances the platform's capabilities with built-in semantic search, keyword search, and knowledge graph traversal [9] Market Impact - The introduction of Progress Agentic RAG is expected to accelerate productivity and decision-making across various industries by providing fast and accurate insights from unstructured data [4][5] - The platform is positioned as a cost-effective solution that can help businesses unlock productivity and innovation, regardless of their size [5] Pricing and Availability - Progress Agentic RAG is available as a self-service offering on AWS Marketplace, with pricing starting at $700 per month, making it accessible for small businesses and departmental teams [6]
Progress Software Announces General Availability of MarkLogic Server 12 and Breakthrough Results with Semantic RAG
Globenewswire· 2025-08-12 13:00
Core Insights - Progress Software has announced the general availability of MarkLogic Server 12, which features advanced semantic search and graph Retrieval-Augmented Generation (RAG) capabilities, resulting in a 33% increase in LLM accuracy and faster information discovery for customers [1][3][9] Product Features - MarkLogic Server 12 enables scalable, rapid, and cost-effective retrieval both on-premises and in the cloud, with key features including native vector search, Virtual Views for ad-hoc analysis, BM25 relevance ranking, and advanced semantic algorithms [2][9] - The new capabilities are designed to maximize retrieval accuracy and efficiency for enterprise generative AI and analytics, with global research institutions and public sector organizations already utilizing these features [2][3] Customer Impact - Customers participating in Proof-of-Concept reported an average 33% increase in LLM response accuracy and a significant reduction in information discovery time for subject matter experts [3] - Specific case studies include a financial services firm improving LLM response accuracy from 70% to 95%, a pharmaceutical company accelerating document discovery to seconds with a 73% increase in correct answers, and an agribusiness raising correct answer rates from 50% to 90% [9] Industry Positioning - Progress Software emphasizes that as AI matures, the key differentiator for enterprises will be the effective grounding of AI models in trusted, context-rich data, positioning its RAG-based technology at the forefront of this shift [5] - The company is showcasing its capabilities at Ai4, North America's largest AI industry conference, highlighting the potential for organizations to unlock their data's full value through proven RAG methodologies [5][6]
Progress Software to Present at Ai4 2025 in Las Vegas
Globenewswire· 2025-08-08 13:00
Core Insights - Progress Software is participating in Ai4 2025, North America's largest AI industry conference, from August 11-13, 2025, at MGM Grand, Las Vegas [1] - Philip Miller, AI Strategist at Progress, will present on "Trusted AI: Unlock Data Value" on August 12, 2025, focusing on connecting generative AI to proprietary data [2][7] - The session targets business and data leaders aiming to implement AI for enhanced decision-making, operational automation, and improved customer experiences [3] Company Offerings - Progress will showcase its Data Platform at Booth 503, which helps unify and govern data across systems, providing real-time insights for intelligent automation and predictive analytics [4] - The company emphasizes its role in empowering organizations to develop and manage responsible AI-powered applications and digital experiences [5]
Is the Options Market Predicting a Spike in Progress Software Stock?
ZACKS· 2025-08-04 15:16
Group 1 - The stock of Progress Software Corporation (PRGS) is experiencing significant attention due to high implied volatility in the options market, particularly for the Dec 19, 2025 $27.50 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Progress Software holds a Zacks Rank of 3 (Hold) in the Computer - Software industry, which is in the top 21% of the Zacks Industry Rank, with the Zacks Consensus Estimate for the current quarter increasing from $1.29 to $1.31 per share over the last 30 days [3] Group 2 - The high implied volatility for Progress Software may indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]
Progress Software Announces Amended Credit Facility
Globenewswire· 2025-07-22 10:00
Core Insights - Progress Software has announced a new credit facility of $1.5 billion, increasing its revolving credit from $900 million and extending the maturity date to July 31, 2030 [1][2] - The company currently has $660 million in revolving credit loans outstanding, indicating a strong liquidity position to support growth initiatives [1][2] Company Overview - Progress Software provides AI-powered digital experience and infrastructure software, enabling organizations to develop and manage mission-critical applications and IT infrastructure [3] - The company aims to leverage its increased liquidity for additional accretive acquisitions as part of its Total Growth Strategy [2] Financial Arrangement Details - The Fifth Amended and Restated Credit Agreement replaces the existing secured credit facility, enhancing the company's financial flexibility [1][2] - JPMorgan Chase Bank, N.A. acted as the Administrative Agent, with several other banks participating in the syndication and documentation of the credit facility [2]