Bedford, MA — October 24, 2005 — Progress Software
Corporation (PSC) (Nasdaq: PRGS), a global supplier of application
infrastructure software used to develop, deploy, integrate and manage
business applications, today announced that it has been recognized
as one of the 200 Best Small Companies by Forbes magazine. According
to the October 31 issue of Forbes, only companies that are "solid
and consistent hitters that have performed well when measured over
the last 12 months and the past five years, and are poised for another
growth spurt" were considered. Other prestigious leading public
companies making the list include Kronos, Avid Technology, Internet
Security Systems and ANSYS. The entire Forbes 200 Best Small Companies
list can be viewed online at http://www.forbes.com/200best/ .
The annual Forbes 200 Best Small Companies list is a compilation
of financially successful small-cap businesses. In order to be considered
for the Forbes 200, companies must have revenue between $5 million
and $750 million, net profit margins greater than five percent and
share prices above $5 as of September 29, 2005. Progress also ranked
67th in the market value, 71st in profits and 82nd in 12 month earnings
per share (EPS).
"Being named to the Forbes 200 Best Small Companies list is
a testament to the impressive growth we've experienced in the past
few years, both organically and through strategic acquisitions,"
said Bud Robertson, CFO of Progress Software. "Progress plans
to continue to build on this growth by bringing our innovative technology
applications and development platforms to leading companies worldwide."
Today's announcement is the most recent in a series of honors that
Progress Software has received in 2005, reflecting the company's
technology innovations and business success:
- Progress captured three out of 12 of the Innovator 2005 awards
given this year by InfoWorld Media Group, a division of IDG. Bill
Cullen of Sonic Software, Mark Palmer of the Progress Real Time
Division and Jonathan Robie of DataDirect were each recognized
for vision and expertise that is "directing the future of
enterprise technology" and have been added to InfoWorld Media
Group's Innovators Hall of Fame.
- Dave Chappell of Sonic Software was named to CRN's list of the
Top 10 Technologists in 2005 for his ground-breaking work on enterprise
service bus (ESB) technology.
- Progress application partner DABAC was the winner of a prestigious
Computerworld Honors 21st Century Achievement award.
- Sonic Software topped InfoWorld's product round-up of Enterprise
Service Bus offerings. Sonic SOA Suite was hailed as the "Best
Overall for Larger-Scale SOA Implementations."
- Progress Software was named to Manufacturing Business Technology
Magazine's Global 100 listing of leading IT providers.
- VARBusiness magazine tabbed Progress Software as one of North
America's top information technology (IT) vendors in terms of
the breadth and depth of the channel-partner programs it offers
to application providers.
Progress Software Corporation (Nasdaq: PRGS) is a global industry
leader providing application infrastructure software for all aspects
of the development, deployment, integration and management of business
applications through its operating units: Progress OpenEdge Division,
Sonic Software, DataDirect Technologies, and Progress Real Time
Division. Headquartered in Bedford, Mass., Progress can be reached
at www.progress.com or +1-781-280-4000.
Progress is a registered trademark of Progress Software Corporation
in the U.S. and other countries. Any other trademarks or service
marks contained herein are the property of their respective owners.