Jeffrey P. Stamen Joins Progress Software Corporation as Strategic Member of the Senior Management Team; Innovative Industry Veteran to Oversee Corporate Development and Strategy.

BEDFORD, Mass. -- Progress Software Corporation (Nasdaq: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, today announced the appointment of Jeffrey P. Stamen as senior vice president, corporate development and strategy for Progress Software Corporation (PSC). In this role, he has assumed responsibility for corporate development and product strategies for PSC overall, as well as its operating companies: the Progress OpenEdge Division, Sonic Software Corporation, DataDirect Technologies and the Progress Real Time Division.

Stamen has a long and distinguished career in the software industry, which most recently included his role as CEO of Syncra Systems, a leading company in the supply chain collaboration space. Previously, he was a senior vice president at Oracle Corporation, responsible for Oracle's OLAP (analytical) and data warehousing products. Stamen also served as president of IRI Software, a position he assumed when IRI acquired Management Decision Systems where he oversaw the Express OLAP product (the first true "multi-dimensional database") as senior vice president of development.

A graduate of the Massachusetts Institute of Technology, Stamen began his career as a database developer, leading a joint MIT/Harvard project where he developed an entity-relationship database. Afterward, he joined Mitrol, Inc., where he headed the development of the MIMS 4GL, a predecessor of Progress' fourth-generation language (Progress(R) 4GL). Stamen served as a board member when PSC (then called Data Language Corporation) was founded in the early 1980s.

"Progress has benefited from Jeff's considerable skills and insights since the very beginning, as a founding board member," said PSC Co-founder and CEO Joseph Alsop. "We are fortunate to have his energy, talent and experience as the company continues this phase of rapid growth and expansion into new technologies and emerging markets."

"In the last year, PSC has acquired Persistence Software, Apama and EasyAsk," said Stamen. "All three align with our overall mission to deliver cutting-edge application infrastructure technology to support SOA and the real time enterprise. There is a lot of talent and a wealth of technology at Progress Software, and it's an exciting time to help the company grow and realize its tremendous potential."

About Progress Software Corporation

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 [phone].

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.