Progress Software Corporation was incorporated & established in 1981. It is involved in application development, empowering enterprises to build mission critical business applications. It offers spanning web, mobile and data for on-premise and cloud environments. Its products are generally sold as perpetual licenses, but certain products also use term licensing models and cloud-based offerings use a subscription based model. More than half of company's license revenue is realized through relationships with indirect channel partners, principally application partners and original equipment manufacturers (OEMs). Application partners are independent software vendors (ISVs) that develop and market applications and resell products in conjunction with sales of their own products that incorporate. OEMs are companies that embed the products into their own software products or devices. The company's segments include Open Edge Business segment, Data Connectivity and Integration Business segment and Application Development and Deployment Business segment.The company operates in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA); and the Asia Pacific region, through local subsidiaries as well as independent distributors.
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