Progress

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.

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

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

• Enterprise software platforms
• Data management software
• Digital experience platforms
• Managed file transfer
• Network monitoring software

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. 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.
2. SaaS/Cloud Subscriptions: Newer products like Progress Agentic RAG, Automate MFT, and Sitefinity Cloud are offered as SaaS subscriptions with monthly or annual billing.
3. Perpetual Licenses: Traditional on-premise products continue to be sold under perpetual license agreements, particularly for enterprise customers preferring on-premises deployment.
4. Usage-based: Agentic RAG platform is available with usage-based pricing at $700/month starting tier, with consumption-based scaling for larger deployments.
5. Professional Services: Implementation, consulting, and training services supporting product deployments, including partnerships with system integrators for complex enterprise implementations.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels10 records

Core 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

Named customers20 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability13 records

Feature9 records

Partnerships

15 partnerships are on record, tiered minor and core.

• The Bodhi Tree FoundationminorStrategic or Co-development Partner · 15 April 2026Progress 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.
• SpinutechcoreChannel Partner/ Reseller/ Distributor · 14 January 2026Spinutech, 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.comcoreChannel Partner/ Reseller/ Distributor · 31 December 2025Americaneagle.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.
• SilverTechcoreChannel Partner/ Reseller/ Distributor · 31 December 2025SilverTech 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 FusioncoreChannel Partner/ Reseller/ Distributor · 31 December 2025Smooth 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.
• SpringthroughcoreChannel Partner/ Reseller/ Distributor · 31 December 2025Springthrough 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.
• BlueModuscoreChannel Partner/ Reseller/ Distributor · 31 December 2025BlueModus 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.
• EnqbatorcoreChannel Partner/ Reseller/ Distributor · 31 December 2025Enqbator 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.
• AffirmacoreChannel Partner/ Reseller/ Distributor · 31 December 2025Affirma 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.
• FlywheelcoreChannel Partner/ Reseller/ Distributor · 18 December 2025Flywheel 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 SolutionscoreChannel Partner/ Reseller/ Distributor · 18 December 2025Siili 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)coreTechnology or Integration · 19 November 2025Progress 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)coreStrategic or Co-development Partner · 29 October 2025Progress 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.
• treeConsultcoreImplementation/ SI/ Consulting Partner · 1 January 2019treeConsult 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 SolutionscoreImplementation/ SI/ Consulting Partner · 1 January 2019Advanced 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

Broad 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

• Xx.com/ProgressSW
• YouTubeyoutube.com/playlist?list=PLC679RvCan2BG9li-q5aafgSx-905tYwh
• LinkedInlinkedin.com/company/progress-software
• Facebookfacebook.com/progresssw

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A31 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Progress