Ipswitch File Transfer(Now Progress)

What Ipswitch File Transfer(Now Progress) does

Ipswitch File Transfer is operated as the file transfer and document collaboration franchise of Progress Software Corporation (NASDAQ: PRGS), a publicly held enterprise software company headquartered in Bedford, Massachusetts, that traces its origin to 1986. Progress acquired the Ipswitch File Transfer business around 2018-2019 and now markets the MOVEit, Automate MFT, ShareFile, and WS_FTP product lines under a single "Document Collaboration and File Transfer" portfolio.

The franchise is built on managed file transfer (MFT) and document collaboration software designed to move files securely between systems, users, and partner organizations. Core products include MOVEit Transfer and MOVEit Cloud for enterprise-grade MFT with defense-in-depth security, policy enforcement, and audit-ready logging; MOVEit Automation and the 2025-launched Automate MFT (cloud-native) for no-code workflow orchestration; ShareFile for secure document workflow, e-signatures, and AI-augmented collaboration; and WS_FTP Professional and WS_FTP Server for affordable encrypted FTP used by smaller teams. Deployment options span on-premise, SaaS, and downloadable software.

The business model is subscription-based across all three revenue streams reported (software licenses, SaaS/cloud services, and enterprise software including professional services), with quote-based enterprise pricing on annual terms. Go-to-market is sales-led: enterprise field sales for large MOVEit deployments, self-serve cloud/SaaS for mid-market teams via Automate MFT and MOVEit Cloud, downloadable software for SMB and individual buyers of WS_FTP, and a partner locator for VARs. Primary verticals are Financial Services, Healthcare, and Government, with Manufacturing and Insurance as secondary segments; named customers include Highmark Federal Credit Union, TrueCare, Phonero, and Trademark Threads.

Name

Ipswitch File Transfer(Now Progress)

Legal name

Progress Software Corporation

Website

https://ipswitchft.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ipswitch File Transfer operates as the managed file transfer and document collaboration franchise of Progress Software Corporation (NASDAQ: PRGS), selling MOVEit, Automate MFT, ShareFile, and WS_FTP to IT and business teams in financial services, healthcare, and government.

Ownership category

akta.pro rank

Product category

Managed File Transfer Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Computer Storage Devices (3572), Computer Communications Equipment (3576)

akta.pro primary industry

Secure File Transfer & Managed File Transfer (MFT) (HDADAFAK)

akta.pro secondary industries

Managed File Transfer (MFT) & B2B/EDI Integration (HDAEACAG), Managed File Transfer (MFT) & B2B Integration (EDI) (HDAEAIAE), File Storage, Sync & Sharing (BPAMAMAE)

Keywords

• Managed file transfer
• Secure file sharing
• Document workflow automation
• Enterprise file management
• Cloud file transfer

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licenses: Perpetual and subscription licenses for on-premise MFT software including MOVEit Transfer and WS_FTP Server
2. SaaS/Cloud Services: Cloud-native file transfer automation (Automate MFT) and fully managed file transfer SaaS (MOVEit Cloud) delivered as subscription services
3. Enterprise Software: Enterprise field sales for large-scale deployments with MOVEit enterprise solutions and professional services

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Ipswitch File Transfer, now part of Progress Software Corporation, sells managed file transfer (MFT) and secure document collaboration software to IT and business teams. The portfolio includes the MOVEit suite (enterprise MFT server, fully managed cloud MFT, and no-code automation), the cloud-native Automate MFT orchestrator, ShareFile for AI-powered document workflow and e-signatures, and WS_FTP for affordable encrypted FTP.

Product overview

Progress File Transfer offers a comprehensive document collaboration and file transfer platform under the Ipswitch brand now owned by Progress Software. The portfolio includes MOVEit (enterprise-grade managed file transfer with MOVEit Cloud, MOVEit Transfer, and MOVEit Automation variants), Automate MFT (cloud-native automation), ShareFile (AI-powered secure file sharing and collaboration with e-signatures), and WS_FTP (Professional client and Server for business-grade FTP). These solutions enable secure, automated, and compliant file transfers across systems, users, and organizations, with products targeting both IT teams managing system-to-system transfers and business teams requiring person-to-person document collaboration.

Differentiator

Problem solved

Functional benefit

Brands

• MOVEit: Enterprise-grade managed file transfer (MFT) and automation software.
• Automate MFT
• ShareFile
• WS_FTP

Products and services

• MOVEit Cloud Fully managed managed file transfer software as a service (SaaS) delivering enterprise-grade MFT capabilities without customers managing the underlying infrastructure, positioned for IT teams in regulated organizations.
• MOVEit Transfer Enterprise-grade on-premise managed file transfer (MFT) server software providing centralized security, access control and auditing for secure and compliant file transfers.
• MOVEit Automation No-code file transfer automation engine that initiates, automates and tracks file flows between systems, users and organizations, with SLA management.
• Automate MFT Cloud-native secure file transfer automation orchestrator designed for modern IT teams, enabling automated, auditable transfers with cloud-ready scale.
• ShareFile Secure document workflow and file sharing platform for business teams featuring e-signatures, client portals and AI-powered collaboration solutions.
• WS_FTP Server Simple, encrypted business-grade FTP server software for smaller teams and internal data exchanges.
• WS_FTP Professional Encrypted file transfer client for individual professionals who need business-grade secure FTP transfers.

Quantifiable outcome

• Fewer missed SLAs
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Axway (Managed File Transfer): Axway's Managed File Transfer suite competes head-to-head with MOVEit in regulated industries for secure B2B file exchange, partner integration, and audit-ready workflows — a like-for-like MFT platform with overlapping enterprise GTM.
• Fortra (GoAnywhere MFT): Fortra's GoAnywhere MFT is a direct enterprise managed file transfer competitor to MOVEit, targeting the same system-to-system, compliance-driven buyer in financial services, healthcare, and government with comparable security, automation, and audit features.
• Kiteworks: Kiteworks (formed from the Accellion/Kiteworks merger) is a direct secure file transfer and email governance competitor, positioned around zero-trust content communications for regulated enterprises — closely comparable to MOVEit's compliance-led value proposition.
• Citrix ShareFile (legacy): ShareFile's original owner, Citrix, incubated the product before the 2018–2019 divestiture to Progress; the brand and product set remain directly comparable and historically competing in the secure file sharing and e-signature space.
• SolarWinds (Serv-U): SolarWinds Serv-U is an FTP/MFT server product targeting IT teams needing secure file transfer — a comparable solution to WS_FTP Server and MOVEit Transfer in the on-premise MFT segment, particularly for mid-market customers.

Emerging players

• Box: Box is a cloud-native secure file sharing and collaboration platform competing with ShareFile in business-team workflows, e-signatures, and external collaboration — overlapping use cases with a more modern SaaS-native delivery model.
• Dropbox: Dropbox is a broad file sync, sharing, and collaboration platform that competes with ShareFile in person-to-person document workflows and with parts of MOVEit in business file exchange, increasingly targeting regulated verticals with Dropbox Sign and Vault.
• Redwood Software (JSCAPE / RunMyJobs): Redwood's JSCAPE MFT (now part of Redwood's workload automation portfolio) offers secure managed file transfer and automation comparable to MOVEit Transfer/Automation, targeting IT operations teams with workflow orchestration needs.

Broad incumbents

• OpenText: OpenText offers managed file transfer and secure collaboration as part of its broader information management portfolio, overlapping with MOVEit and ShareFile in enterprise document workflows while also operating a far larger content services platform.
• IBM Sterling Secure File Transfer: IBM Sterling is a broad incumbent MFT and B2B integration platform with comparable enterprise secure file transfer capabilities, often competing with MOVEit in large banks, insurers, and global supply chains as part of a much wider IBM software portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ProgressMOVEit
• Facebookfacebook.com/ProgressMOVEit

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ipswitch File Transfer(Now Progress)