Progress
Progress Software is a public enterprise software company that sells AI-powered data management, digital experience, and infrastructure software to over 200,000 organizations including 80% of the Fortune 500.
- Company typePublic
- Founded1981
- HeadquartersBurlington, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Progress does
Progress Software Corporation (NASDAQ: PRGS) is a Burlington, Massachusetts-based public enterprise software company founded in 1981 that builds AI-powered infrastructure, data, and digital experience software for large organizations. Its portfolio spans four solution areas: Data Platform (MarkLogic multi-model NoSQL database, Semaphore metadata engine, DataDirect connectivity, Corticon business rules engine), Digital Experience (Sitefinity CMS, Telerik and Kendo UI developer tools, ShareFile), Infrastructure Management (MOVEit managed file transfer, Chef infrastructure automation, Flowmon network detection and response, Kemp LoadMaster, WhatsUp Gold), and a recently introduced Agentic RAG-as-a-Service platform acquired through Nuclia in June 2025.
The company's core technology rests on semantic data management (MarkLogic's graph and multi-model capabilities claimed to boost LLM accuracy by 33%), agentic retrieval architecture that dynamically routes queries across knowledge sources using Model Context Protocol, and a developer tools franchise serving the .NET and JavaScript ecosystems. It claims 200,000+ customers across 80% of the Fortune 500 with a 100% retention rate and operates a 3,500+ partner channel network spanning digital agencies, system integrators, and value-added resellers. Federal Solutions, AWS Marketplace distribution, and an India Global Capability Center (Bengaluru, Hyderabad, New Delhi) reflect ongoing geographic and vertical expansion.
Revenue is generated primarily through subscription and recurring licenses for SaaS products (Agentic RAG, Automate MFT, Sitefinity Cloud), perpetual on-premise licenses for legacy enterprise products, usage-based pricing for Agentic RAG ($700/month entry tier), and professional services. Q1 2026 revenue was $248 million, up 4.1% year-over-year, implying an annualized run rate approaching $1 billion. Since 2019 the company has completed five acquisitions including MarkLogic ($355M, 2023) and Kemp ($258M, 2021), funded in part by a $400 million convertible notes offering and a $1.5 billion revolving credit facility.
Progress firmographics
Firmographics- Name
- Progress
- Legal name
- Progress Software Corporation
- Website
- https://progress.com
- Company type
- Public
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Progress Software is a public enterprise software company that sells AI-powered data management, digital experience, and infrastructure software to over 200,000 organizations including 80% of the Fortune 500.
- Ownership category
- akta.pro rank
Progress industry classification
Industry- Product category
- Enterprise Infrastructure Software
- NAICS
- Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Developer Experience Platforms for Enterprise (IDEs, CI/CD, Dev Portals) (HDAEAKAI)
- akta.pro secondary industries
- Data App Builders (Forms, Portals & Internal Tools) (HDAEAKAK), Managed Application Platforms (App PaaS & Runtime Services) (HDABAAAD), Enterprise Work Management & Collaborative Workflow Platforms (HDAEAHAI), Process & Case Management Low-Code Platforms (HDAEAKAE)
Keywords
Where Progress is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Progress business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription/Recurring Revenue: Progress operates primarily as a subscription-based software company with recurring revenue from annual licenses, maintenance, and support agreements. The company reports recurring revenue business model characteristics with renewal trends being a key investor metric.
- SaaS/Cloud Subscriptions: Newer products like Progress Agentic RAG, Automate MFT, and Sitefinity Cloud are offered as SaaS subscriptions with monthly or annual billing.
- Perpetual Licenses: Traditional on-premise products continue to be sold under perpetual license agreements, particularly for enterprise customers preferring on-premises deployment.
- Usage-based: Agentic RAG platform is available with usage-based pricing at $700/month starting tier, with consumption-based scaling for larger deployments.
- Professional Services: Implementation, consulting, and training services supporting product deployments, including partnerships with system integrators for complex enterprise implementations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Agentic RAG SaaS platform starting price |
| Subscription | Annual | Telerik and Kendo UI developer tools |
| Subscription | Annual | MOVEit file transfer solutions |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels10 records
Progress product offering
Product offeringCore offering
Progress Software Corporation develops and sells enterprise infrastructure software across four solution areas: Data Platform (MarkLogic multi-model NoSQL database, Semaphore metadata engine, DataDirect connectivity, Corticon business rules), Digital Experience (Sitefinity DXP/CMS, Telerik and Kendo UI developer tools, ShareFile), Infrastructure Management (MOVEit, Automate MFT, Flowmon, WhatsUp Gold, Kemp LoadMaster, Chef), and AI capabilities (Agentic RAG-as-a-Service, Sitefinity Generative CMS, OpenEdge AI Assistant). Products are sold to enterprises and government agencies via subscriptions, perpetual licenses, and usage-based pricing.
Product overview
Progress offers a comprehensive enterprise software portfolio organized into four main solution areas: Data Platform (MarkLogic, Semaphore, DataDirect, Corticon), Digital Experience (Sitefinity, Telerik, Kendo UI, ShareFile, Podio), Infrastructure Management (Chef, Flowmon, WhatsUp Gold, Kemp LoadMaster, MOVEit, WS_FTP), and AI-Enhanced UI Tools (Telerik, Kendo UI, Fiddler, Test Studio). The portfolio also includes Agentic RAG as a standalone AI platform and specialized Federal Solutions for government customers. The company has grown through strategic acquisitions including MarkLogic ($355M in 2023), Kemp ($258M in 2021), and Nuclia (2025), and recently introduced Automate MFT as a new SaaS file transfer offering.
Differentiator
Problem solved
Functional benefit
Brands
- Progress Agentic RAG: Next-generation Agentic RAG-as-a-Service platform for AI agents and LLMs
- Sitefinity
- Telerik
- Kendo UI
- MarkLogic
- MOVEit
- ShareFile
- Chef
- WhatsUp Gold
- Flowmon
- OpenEdge
- Progress Federal Solutions
- Semaphore
- Corticon
- DataDirect
Products and services
- Progress Agentic RAG Next-generation Agentic RAG-as-a-Service platform offering fast, flexible, and modular retrieval functionality to AI agents from 30+ unstructured data formats. Supports OpenAI, Azure OpenAI, Anthropic Claude, Google Gemini, and AWS Bedrock models, with dynamic retrieval agents, AI Sync Agents, REMi evaluation metrics, and NucliaDB for enterprise knowledge management and AI-powered search.
- MarkLogic Multi-model NoSQL database and semantic data platform acquired by Progress in February 2023. Simplifies complex data challenges, enables data agility, and powers enterprise AI with semantic search and graph RAG capabilities. Part of the Progress Data Platform.
- Sitefinity Digital Experience Platform (DXP) and content management system that enables organizations to create, analyze, and personalize successful online experiences on premise or in the cloud. Includes Generative CMS capabilities with AI-powered search, conversational interfaces, and Dynamically Generated Experiences.
- Telerik .NET UI controls, reporting, and developer productivity tools for .NET developers. Part of Progress's AI-Enhanced UI Tools with AI coding assistants and Agentic UI Generator.
- Kendo UI JavaScript and HTML5 UI widgets for responsive web and data visualization. Part of Progress's AI-Enhanced UI Tools with AI coding assistants for JavaScript and front-end developers.
- MOVEit Managed file transfer solution providing secure data transfer, compliance assurance, and automated transfers with user access control. Used by enterprises across financial services, automotive, transportation, and technology for compliance-grade file movement.
- Automate MFT SaaS platform for secure file transfer automation that reduces manual processes and infrastructure costs. Offers no-code workflow building, compliance support, and potential cost savings of up to 50%.
- ShareFile Secure document collaboration and file transfer solution enabling secure sharing, storage, and collaboration from any device. Includes eIDAS-supported Advanced and Qualified Electronic Signatures.
- Flowmon Network Detection and Response (NDR) platform providing comprehensive network and security visibility, analysis, and automated response. AI-powered threat detection and incident response for enterprise networks.
- Kemp LoadMaster Experience-centric application delivery and load balancing solution with cloud-native, virtual, and hardware load balancers. Favored for security features, flexibility, and cost-effectiveness in optimizing application uptime and resource utilization.
- WhatsUp Gold Network monitoring solution that finds and fixes network problems fast by monitoring entire IT infrastructure including physical, virtual, cloud, and applications.
- Chef Infrastructure automation solution acquired by Progress that configures, deploys, and manages application infrastructure in a secure and compliant way. Includes Chef Opsmith product.
- OpenEdge Application development platform for building high-performance, highly-available enterprise applications in an integrated development environment. Includes OpenEdge AI Assistant and Progress OpenEdge MCP Server capabilities.
- Progress Data Platform AI-ready data platform that helps organizations turn scattered data into trusted enterprise outcomes at scale. Bundles MarkLogic, Semaphore, DataDirect, and Corticon into an integrated data and AI platform.
- Progress Federal Solutions Software products and services specifically designed for federal government, defense, and public sector. Delivers trusted AI-powered innovation for U.S. government agencies including data management, secure file transfer, and digital experience capabilities.
Quantifiable outcome
- Up to 50% cost reduction for file transfer operations with Automate MFT
- +6 more outcomes
Companies that use Progress
Customer profileNamed customers20 records
Segments5 records
Ideal customer profiles4 records
Progress technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability13 records
Feature9 records
Progress partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor and core.
- The Bodhi Tree FoundationminorProgress announced a partnership with The Bodhi Tree Foundation including a donation of electric wheelchairs to support those in need, as part of its community engagement initiatives in India where the company operates its Global Capability Center.
- SpinutechcoreSpinutech, a Tampa-based digital agency, was named the 2025 Progress Sitefinity Digital Agency Partner of the Year, recognizing technical proficiency and measurable business impact in enterprise digital implementations including multi-site ecosystems and digital modernization.
- Americaneagle.comcoreAmericaneagle.com is a full-service website design, development, hosting, and digital marketing agency and trusted Progress partner for over 10 years, listed as a Premium Sitefinity partner.
- SilverTechcoreSilverTech is the Progress Sitefinity Partner and Digital Agency of the Year. As a Premium Partner with 3 Sitefinity Champions and certified developers and marketers, provides custom development and digital transformation services.
- Smooth FusioncoreSmooth Fusion is a Premium Partner with over 16 years of exclusive Sitefinity experience, implementing and maintaining sites across industries with certified team and proven processes creating scalable, marketer-friendly experiences.
- SpringthroughcoreSpringthrough is a four-time Sitefinity Website of the Year award recipient with proven track record helping clients become established leaders in their industry, operating as a Premium Partner.
- BlueModuscoreBlueModus is a Sitefinity Premium Partner with 60+ developers that has built and supported hundreds of websites, offering services including Sitefinity implementations, upgrades, performance audits, and new feature development.
- EnqbatorcoreEnqbator is an award-winning digital solutions provider serving customers from all industries, focused on delivering best web, mobile, or cloud solutions with highly responsive support team.
- AffirmacoreAffirma is an award-winning, full-service technology consultancy and digital agency with specialized practices including Web Development, UI/Visual Design, UX Design, Marketing Strategy, CRM, SharePoint, Custom/Mobile Application Development, Cloud Infrastructure, Business Intelligence, and Staffing Services.
- FlywheelcoreFlywheel was named the inaugural AI Innovator Partner of the Year at the 2025 Sitefinity Partner of the Year Awards, recognizing pioneering AI-driven Sitefinity solutions and intelligent automation implementations for enterprise customers.
- Siili SolutionscoreSiili Solutions received the inaugural AI Innovator Partner of the Year award at the 2025 Sitefinity Partner of the Year Awards for pioneering AI-driven Sitefinity solutions and intelligent automation.
- Amazon Web Services (AWS)coreProgress Agentic RAG platform is now available in AWS Marketplace, allowing organizations to access the RAG-as-a-Service platform directly within their AWS environments. AWS customers can access Bedrock models through the integration.
- U.S. Department of Defense (DoD)coreProgress Federal Solutions achieved 'Awardable' status on the DoD Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace, enabling direct engagement with defense agencies for AI-powered digital transformation.
- treeConsultcoretreeConsult serves as the MFT specialist implementation partner for Progress MOVEit, providing expertise in mapping complex customer requirements into MOVEit workflows. Described as the direct MFT specialist partner for data exchange automation implementations.
- Advanced Cyber SolutionscoreAdvanced Cyber Solutions is an IT consulting services provider and Titanium Progress partner that evaluated and implemented MOVEit Automation for Alliance Automotive Group, assisting with workflow setup and Office 365 integration.
Scale indicators22 records
Recent moves9 records
Expansion highlights6 records
Progress competitors and assessment
Company assessmentBroad incumbents
- IBM: IBM overlaps with Progress across data management, AI (watsonx), content management, and infrastructure automation, and serves a similar regulated/enterprise customer base including federal and financial services.
- Oracle: Oracle competes with Progress in enterprise databases, application platforms, and increasingly in vector/RAG and digital experience (Oracle Cloud, Database 23ai, Content Management), addressing the same Fortune 500 buyer with a much broader portfolio.
- Microsoft (Azure AI / SharePoint / Power Platform): Microsoft bundles competing capabilities across Azure AI Search (RAG), SharePoint (intranet/CMS), Power Platform (low-code), and SQL/ Cosmos DB, all of which overlap with Progress's data, digital experience, and developer platforms.
- Snowflake: Snowflake competes with Progress Data Platform for enterprise data workloads including unstructured data, AI/ML, and now RAG and semantic search, addressing large enterprises with cloud-native economics.
- TIBCO (Cloud Software Group / TIBCO): TIBCO's data virtualization, messaging, and analytics stack overlaps with DataDirect connectivity and Progress infrastructure management products, and it competes for similar enterprise integration and analytics buyers.
Emerging players
- Databricks: Databricks competes with the Progress Data Platform for AI/data lakehouse workloads and now offers Mosaic AI vector search and RAG tooling, directly overlapping with MarkLogic's enterprise data ambitions.
Direct peers
- OpenText: OpenText competes with Progress in enterprise content management, document workflow/e-signature (overlapping ShareFile), and information management for regulated industries and the public sector.
- MongoDB: MongoDB Atlas is a direct multi-model NoSQL database competitor to MarkLogic, especially in document and JSON workloads, and increasingly in vector search and Atlas Vector Search for RAG use cases.
- Sitecore: Sitecore is a direct digital experience platform (DXP) competitor to Sitefinity, and is one of the nine vendors evaluated alongside Progress in the Forrester Wave: Digital Experience Platforms Q4 2025.
- Elastic: Elastic competes head-on with MarkLogic and Flowmon in enterprise search, vector/RAG workloads, and security analytics, and is a primary substitute for semantic search and observability buyers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Progress social profiles
Digital presenceProgress compliance and trust
Trust signalCompliance6 records
Progress financial estimates
Financial estimateRevenue estimate
Valuation estimate
Progress leadership team
Management profileNumber of profiles
Profiles10 records
Progress subsidiaries and ownership
Company hierarchySubsidiaries6 records
Progress funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Progress M&A and investment
M&A and investmentM&A31 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Progress
What does Progress do?
Progress Software Corporation develops and sells enterprise infrastructure software across four solution areas: Data Platform (MarkLogic multi-model NoSQL database, Semaphore metadata engine, DataDirect connectivity, Corticon business rules), Digital Experience (Sitefinity DXP/CMS, Telerik and Kendo UI developer tools, ShareFile), Infrastructure Management (MOVEit, Automate MFT, Flowmon, WhatsUp Gold, Kemp LoadMaster, Chef), and AI capabilities (Agentic RAG-as-a-Service, Sitefinity Generative CMS, OpenEdge AI Assistant). Products are sold to enterprises and government agencies via subscriptions, perpetual licenses, and usage-based pricing.
Is Progress a public or private company?
Progress is a public company. It is classified as public and is currently operating.
When was Progress founded?
Progress was founded in 1981. It employs 1,001 to 5,000 people.
Where is Progress based?
Progress is headquartered in Burlington, United States, in the North America region.
How does Progress make money?
Five revenue lines are on record. Subscription/Recurring Revenue is the primary driver. The others are saaS/Cloud Subscriptions, perpetual Licenses, usage-based and professional Services.
Who are Progress's main competitors?
Broad incumbents on record are IBM, Oracle, Microsoft (Azure AI / SharePoint / Power Platform), Snowflake and TIBCO (Cloud Software Group / TIBCO). Databricks is listed as an emerging player. Direct peers are OpenText, MongoDB, Sitecore and Elastic.
Does Progress have an API?
Yes. Progress offers APIs for its various products including Agentic RAG platform. The Agentic RAG solution provides API access for knowledge box creation, document ingestion, semantic search, and AI-generated answers. Developers can integrate using REST APIs with support for multiple LLM providers. Documentation is available at docs.rag.progress.cloud/docs/ and docs.progress.com. Developer documentation is at docs.rag.progress.cloud/docs.
What industry is Progress in?
Progress's product category is Enterprise Infrastructure Software. Its primary akta.pro industry code is HDAEAKAI, Developer Experience Platforms for Enterprise (IDEs, CI/CD, Dev Portals), with a secondary code of HDAEAKAK, Data App Builders (Forms, Portals & Internal Tools). Its NAICS code is 51321 and its SIC code is 7372.