Core Insights - Paradice Investment Management LLC has completely exited its position in Progress Software Corporation, selling all 238,145 shares for an estimated value of $15.20 million, which previously represented 3.1% of its reportable assets as of September 30, 2025 [1][2][7] - Following this sale, Progress Software now accounts for 0% of Paradice's 13F assets under management [2] Company Overview - Progress Software Corporation specializes in enterprise application development, automation, and infrastructure management solutions, leveraging a diversified software portfolio to meet complex business needs across various industries and geographies [6] - The company reported a market capitalization of $1.97 billion, with a revenue of $940.13 million and a net income of $48.53 million for the trailing twelve months [3] Financial Performance - Progress Software experienced a significant growth in annualized recurring revenue, which increased by 47% year over year during its fiscal third quarter ending August 31, 2025 [9] - The management raised its full-year revenue guidance to a range of $975 million to $981 million following a better-than-expected fiscal third quarter [9] Product and Service Offerings - The company offers a range of software solutions, including OpenEdge for application development, Sitefinity for web content management, DataDirect Connect for data connectivity, MOVEit for secure file transfer, and Chef for infrastructure automation [4][6] - Progress Software serves a diverse customer base, including end users, independent software vendors, original equipment manufacturers, and system integrators across multiple regions, including North America, EMEA, Asia Pacific, and Latin America [4][5]

Core Insights - A notorious ransomware group, allegedly linked to Cl0p, is extorting large organizations by claiming to have stolen data from Oracle's E-Business Suite applications [1][2][4] Group Activities - The extortion emails began circulating on or before September 29, sent from hundreds of compromised third-party accounts, claiming data theft [2][4] - The emails exhibit poor English and grammar, typical of the group, and include contact details listed on Cl0p's website [3][4] Company Impact - Oracle's E-Business Suite is critical for core business operations, including financial, supply chain, and customer relationship management [2] - Cl0p has a history of targeting large companies with sophisticated malware, previously exploiting vulnerabilities in MOVEit, affecting hundreds of organizations [5] Cybersecurity Context - In June 2023, the US Cybersecurity and Infrastructure Security Agency labeled Cl0p as one of the largest phishing and malspam distributors, estimating over 3,000 organizations compromised in the US and 8,000 globally [6]

Core Insights - A notorious ransomware group, allegedly linked to Cl0p, is extorting large organizations by claiming to have stolen data through Oracle's E-Business Suite applications [1][2] Group Activities - The extortion emails began circulating on or before September 29, sent from numerous compromised third-party accounts, asserting data theft [2] - The emails exhibit poor English and grammar, typical of the group, and include contact details associated with Cl0p [3] Company Impact - Google has not yet verified the claims made in the extortion demands, and the specific targets of the extortion letters remain undisclosed [4] - Cl0p has a history of targeting large companies with sophisticated malware, previously exploiting vulnerabilities in MOVEit, affecting hundreds of organizations [5] Cybersecurity Landscape - In June 2023, the US Cybersecurity and Infrastructure Security Agency issued a warning about Cl0p, identifying it as a major distributor of phishing and malspam, with over 3,000 organizations compromised in the US and 8,000 globally [6]