Progress Software
Progress provides AI-powered software solutions to automate processes, develop, deploy, and manage business applications, and make critical data accessible and secure.
Founding Story
Founded by MIT graduates who wanted to port enterprise software from mainframes to the emerging PC market. Originally Data Language Corporation, they created the Progress RDBMS which became their namesake.
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Leadership
Founders
Joseph W. Alsop
Co-founder and CEO of Progress Software from 1981 to 2009. MIT graduate (B.S. in Electrical Engineering, 1967) and attended the Sloan School of Management. Previously worked with the Mitrol board.
Clyde Kessel
Co-founder and lead engineer. MIT graduate. Previously worked at Mitrol for 10 years before co-founding Data Language Corporation (now Progress).
Mary Székely
Co-founder and lead developer of the Progress RDBMS. MIT background, worked at Mitrol for 10 years. Known as a 'Progress Pioneer' with a scholarship named in her honor.
Charles 'Chip' Ziering
Co-founder and software visionary. MIT graduate who worked at Mitrol for 10 years. Instrumental in the early architecture of the Progress software.
Executive Team
Yogesh Gupta
President and Chief Executive Officer
Joined in 2016. Previously CEO of Kaseya and FatWire Software, and CTO at CA Technologies. Holds a degree from the Indian Institute of Technology and UW-Madison.
Anthony Folger
Executive Vice President and Chief Financial Officer
Joined in 2020. Previously CFO at Carbonite and Acronis. Experienced in capital markets and growth strategy.
Business Model
Revenue Model
Subscription (SaaS), Maintenance/Support, and Professional Services.
Pricing Tiers
Secure file sharing for teams, minimum 3 users.
End-to-end document workflows for teams and clients.
Target Markets
- Financial Services
- Healthcare
- Government
- Manufacturing
- IT Services
- Modernizing legacy applications
- Digital experience management
- Network infrastructure monitoring
- Secure collaboration
- Data integration
- Chevron
- DNB
- Telstra
- CVS Health
History & Milestones
Acquired ShareFile for approximately $875 million, significantly expanding SaaS and collaboration offerings.
Acquired MarkLogic for $355 million, adding NoSQL database capabilities.
Acquired Kemp for $258 million, adding load balancing and network monitoring.
Acquired Chef for $220 million, entering the DevOps automation market.
Acquired Ipswitch for $225 million, adding WhatsUp Gold and MOVEit.
