Progress Software Celebrates 20 Years; Celebrating 20 Years of Excellence, Progress Opens the Nasdaq, and `Progress Software Day' is Proclaimed in Two States.Business/Technology Editors BEDFORD, Mass.--(BUSINESS WIRE)--Jan. 8, 2002 Progress Software Corporation (Nasdaq:PRGS PRGS Phosphoribosylglycinamide Synthetase ), a leading supplier of technology for building e-business solutions, today announced celebratory and promotional activities that marked the company's 20th year as a corporation. Events included opening the Nasdaq trading exchange in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. (view media clips: http://www.progress.com/psc_investors/media.htm) on December 28th, the last trading day Last Trading Day The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur. Notes: If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from before December 30th, the official day of incorporation for Progress Software Corporation (PSC (Public Service Commission) Same as PUC. ). This event also marked PSC's 10th year on the Nasdaq. Other anniversary-related promotional activities included: -- CEO Joseph Alsop televised interview on NECN -- CFO Bud Robertson televised interview on CNBC Power Lunch -- "Progress Software Day" proclaimed by state officials in Massachusetts, the location of PSC Corporate Headquarters, and neighboring New Hampshire. Congressman Charles Murphy presented the proclamations at a corporate meeting on December 19 -- CFO Bud Robertson Web-cast interview on Boston Business Journal On-Line -- Airplane banners on December 28th and December 30th around Massachusetts and New Hampshire announcing "State proclaims Progress Software Day" and "20 Years of Excellence - www.progress.com" Some of the publications that covered the Bedford, Mass.-based high-tech company's birthday included the Boston Globe, the Boston Globe, The Daily newspaper published in Boston, one of the more influential newspapers in the U.S. Founded in 1872, it was purchased in 1877 by Charles H. Taylor. Lowell Sun, Mass High Tech and Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance . Reprints and media clips can be accessed via the Web at (view media clips: http://www.progress.com/psc_investors/media.htm). "It appears that prospering for 20 years in the high tech industry, with 17 consecutive years of profitability, is actually quite a feat," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Alsop. "More importantly, we are looking forward to the next 20 years. We are excited about our new technologies to address business needs for software tools and technologies that enable companies to leverage trends such as Internet B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , Web services, new application development and integration, and database replication, and to more easily and successfully use open source software. "Only five high technology companies headquartered in the state of Massachusetts have gone this distance, and Progress Software is unique among these as a global software company that competes with the likes of Oracle, Microsoft and IBM Many people are too new to the computer industry to remember that IBM once occupied the lofty position that Microsoft currently enjoys. Today, it's a Microsoft versus The Rest of the World computer industry. Yesterday, it was IBM versus everybody else. in providing a complete platform for development and deployment," Alsop added. "We are enthusiastic that our state officials and others in the media are showing a renewed interest in companies that are `built to last.'" With nearly 60 percent of the company's revenues coming from overseas, international public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most activities included Progress birthday cakes being sent to some of the many writers familiar with Progress who cover the technology sector in trade publications in other areas of the world. See http://www.progress.com/psc_investors/eric_wilson.htm "As a co-founder of the company, Joe always had a vision of Progress as a global business," said Mary Szekely, engineering fellow and Progress Software's first employee. "Along with his management team, Joe has successfully navigated our company through some stormy business climates and an ever-changing technology landscape. At a recent company meeting we presented Joe with a large globe for his office, as a gesture of our appreciation for his commitment and to commemorate 20 years of Progress around the world." Investors interested in learning more about Progress Software Corporation can attend a presentation by CFO See Chief Financial Officer. Bud Robertson a 3:00 p.m. on Thursday, January 10, at the Fourth Annual Needham & Co. Growth Conference in New York City. (See companion media alert, "Progress Software Corporation CFO Bud Robertson to Present at Needham & Co. Growth Conference" for details.) About Progress Software Corporation Founded in 1981, Progress Software Corporation, or PSC (Nasdaq: PRGS) is the parent organization for the Progress Company operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Sonic Software Corporation, and NuSphere Corporation. PSC provides industry-leading technologies for all aspects of e-business development, deployment, integration and management. Progress Software Corporation is headquartered in Bedford, MA., and can be reached at +1-781-280-4000 or on the Web at www.progress.com. Any trademarks and/or service marks contained herein are the property of their respective owners. |
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