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COMPANY PROFILE

Progress Software

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Simplifying the development and deployment of business applications

Burlington, United StatesFounded 1981AI
Valuation $2.89B Market cap · 2026
Revenue $1.01B Latest reported FY
EBITDA $400M Latest reported FY

About Progress Software

Progress is a technology company that specializes in providing comprehensive solutions for network and security visibility, data transfer automation, and IT infrastructure management. The company serves a wide range of clients, including enterprises, federal government agencies, and public sector organizations. Operating in the IT and software market, Progress offers a suite of products designed to enhance network observability, secure data transfers, and streamline infrastructure management. Key products include Flowmon for network and security analysis, MOVEit for secure data transfers, and WhatsUp Gold for IT infrastructure monitoring. Progress generates revenue through the sale of software licenses, subscriptions, and professional services. The business model focuses on delivering scalable and flexible solutions that meet the evolving needs of its clients.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1981
Headquarters
Burlington, United States
Listing
IPO 1991
Employees
3,336
Open positions
None listed
Dealroom signal
63.4/100
Sector
AI, Automotive, PaaS, Testing, Statistics, Content Management, Predictive Analytics, Developer Tools
Technology
Artificial Intelligence, Big Data, Deep Tech, Machine Learning, Nanotech
Business model
SaaS
Client focus
b2b
Investment activity
14 companies, latest Jul 2026
Capital deployed
—
Preferred round
ACQUISITION
Links
WebsiteLinkedInX

Knowledge graph

News, research, reports and resources connected to this company by Dealroom

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBT✓Debt Jul 2025 $1.5B — Undisclosed ↗
POST IPO DEBT✓Debt Mar 2024 $900M — Bank of America · Citi · JPMorgan Chase & Co · Wells Fargo and Company ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMarginProfitMarginR&D
2026 $1B +3% $400M 39.8% $68M 6.8% $192M
2025 $978M +29.8% $328M 33.5% $73M 7.5% $192M
2024 $753M +8.5% $265M 35.2% $68M 9.1% $146M
2023 $694M +15.4% $235M 33.9% $132M
2022 $602M +13.3% $198M 33%
2021 $531M +20.2% $198M 37.3%
2020 $442M — $162M 36.5%
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Progress Software website traffic

Latest recorded traffic for Progress Software is 740K monthly website visits, up 17.5% over the last three months. Progress Software's team grew 0% over the past year.

Latest monthly visits740K 3-month web change+17.5% 1-year team growth0%
Monthly website visitsOct 2014–Mar 2021
Explore monthly traffic historyTrack growth over time and compare with peersBook a demo
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Vamp.ioDesign, build and deploy modular and service based application architectures Amsterdam, Netherlands Acquired 1 $3.5M $11M
MongoDBDeveloper of MongoDB, an open source document database New York City, United States Operational
SignifAISignifAI is a Silicon Valley-based startup with offices in Sunnyvale and Tel-Aviv, backed by leading early-stage investors Sunnyvale, United States Acquired
VerticaAnalytic database management software company Billerica, United States Acquired
Albert TechnologiesAdgorithms, creators of Albert, the first artificial intelligence marketing platform. For more info about Albert follow @albertaimktg Tel Aviv-Yafo, Israel Acquired
Cortical.ioNeuroscience-based AI for unstructured data processing Vienna, Austria Operational
SquirroEnterprise generative AI platform for unstructured data insights Zurich, Switzerland Operational
Massive AnalyticQuantum-boosted, precognitive AI for complex data analysis London, United Kingdom Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

DomoAmerican Fork, United StatesBusiness intelligence tools and data visualization $295Mvaluation NucliaBarcelona, SpainAn API to build AI-powered search engines $21Mvaluation ShareFileRaleigh, United StatesA secure and easy-to-use file exchange and data storage site for businesses $875Mvaluation MarkLogicRedwood City, United StatesLeading Enterprise NoSQL database allowing companies to capture big data $1.1Bvaluation KEMP TechnologiesTown of Brookhaven, United StatesProvides software that makes it possible to easily deploy application delivery technology on-demand. Its Loadmaster family of products are used with many well-known business applications. $258Mvaluation ChefSeattle, United StatesAutomation for all of your technology $220Mvaluation Marco Polo NetworkLondon, United KingdomThe world’s first open platform for trade finance $64Mvaluation KinveyBoston, United StatesBaaS provider that makes it easy for developers to set up, use, and operate a cloud back-end for their mobile apps $44Mvaluation OneBit SoftwareSofia, BulgariaOneBit Software is not a company that does SharePoint on the side TelerikBedford, United StatesEmpowers its customers to create compelling app experiences across any screen $263Mvaluation RollbaseBurlington, United StatesDeliver cloud apps at the speed of business IONA TechnologiesDublin, IrelandCORBA - Products | Micro Focus $162Mvaluation
12 profiles shownExplore the complete relationship graph →

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Sequoia

Series B and later4 investors entered at this stage

  • Bank of America
  • Citi
  • JPMorgan Chase & Co
  • Wells Fargo and Company

Other known investors7 additional known investors

  • NEA
  • August Capital
  • Christopher Lynch
  • Gotham Ventures
  • JMI Equity
  • Portershed
  • Razorhorse Capital

Talent

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Team profiled 148 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Burlington HQ
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Patents

Explore the patent portfolioPatent records, technology areas and peer comparisonsBook a demo

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Progress Software on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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