Who Owns Progress Software?


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Who Owns Progress Software?

What is Progress Software?

Progress Software is a global provider of business applications, including enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM). Founded in 2006, the company has grown to serve thousands of customers in more than 70 countries. Progress Software has a variety of products and services, including on-premise, cloud-based, and hybrid solutions.

Who Owns Progress Software?

Progress Software is owned by private equity firm Insight Partners. Insight Partners purchased Progress Software in 2018 for $1.2 billion, and the company is now a part of their portfolio of technology companies. Insight Partners, based in New York, is a global venture capital and private equity firm that focuses on the technology sector.

What Does Progress Software Offer?

Progress Software offers a variety of products and services for businesses of all sizes. Their core offering is the Progress OpenEdge Platform, which enables customers to build and deploy custom enterprise applications. Additionally, Progress Software offers cloud-based solutions, including a SaaS platform, mobile application development, and more. They also provide consulting services to help customers get the most out of their solutions.

What is the Future of Progress Software?

Progress Software is focused on providing innovative solutions to its customers. The company is actively investing in research and development to create new products and services that will enable businesses to stay ahead of the competition. Additionally, they have plans to expand their global reach and continue to build relationships with their customers.

Conclusion

Progress Software is a global provider of business applications and is owned by private equity firm Insight Partners. They offer a variety of products and services, including on-premise, cloud-based, and hybrid solutions. The company is focused on investing in research and development to create innovative solutions for their customers and plans on expanding their global reach.


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