Progress Software Corporation Overview
Pro stress-test →Progress is a global software company whose mission is to provide the best products to develop, deploy and manage high-impact business applications. The company operates in one segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Progress has demonstrated strong execution in 2025-2026 with solid revenue growth and expanding AI capabilities.
Strategic Profile
Pro stress-test →The firm's adaptability in harnessing AI to cultivate revenue streams and ARR is a dynamic shift, forecasted to foster consistent growth in upcoming cycles. The early completion of the ShareFile integration stands out as most relevant and ties directly into expectations that Progress can extract cost synergies while layering subscription and SaaS revenues on top of its infrastructure base. The company is positioned as a consolidator in developer tools and AI-powered application platforms.
Competitive Landscape
Pro stress-test →Progress competes with larger enterprise software platforms like Salesforce, Microsoft, and IBM in AI-powered application development, as well as specialized DevOps/integration players. The company differentiates through a portfolio approach combining developer tools (Chef, OpenEdge), integration platforms (MOVEit), decision automation (Corticon), and emerging AI capabilities (Agentic RAG). Its lack of a substantial footprint in the rapidly growing Platform as a Service (PaaS) market places it at a disadvantage against larger competitors.
Industry Context
Progress Software Corporation operates in Software - Application Development & Deployment Platforms.
Key facts
Headquarters: Burlington, US · Revenue: $978M (FY 2025) · Market cap: $1.51B