BEDFORD, Mass.--(BUSINESS WIRE)--
Progress
Software Corporation (NASDAQ: PRGS), a leading software provider
that enables enterprises to be operationally
responsive today announced the appointment of John (Jack) R. Egan to
the company's Board of Directors effective immediately. Mr. Egan's
appointment expands the Progress Software Board of Directors to eight
members.
"We are very pleased to welcome Jack to the Progress Board. His deep
understanding of the technology marketplace, overall business acumen and
far reaching contacts will be instrumental in furthering Progress toward
its goals," said Richard D. Reidy, President and Chief Executive Officer.
Mr. Egan, age 53, is managing partner of Egan-Managed Capital, a Boston
based venture capital fund he founded in October 1998 that specializes
in technology and early stage investments. From October 1986 until
September 1998, Mr. Egan served in a number of executive positions with
EMC Corporation, including Executive Vice President, Products and
Offerings, Executive Vice President, Sales and Marketing, Executive Vice
President, Operations and Executive Vice President, International Sales.
Mr. Egan also serves on the Board of Directors for other publicly traded
and privately held companies. They include: EMC Corporation (NYSE: EMC),
where he has served on the Board of Directors for almost twenty years;
VMWare, Inc. (NYSE: VMW); NetScout Systems, Inc. (OTC: NTCT), where he
serves as Lead Director. Mr. Egan also serves in a variety of leadership
roles within the Board of Directors of several privately held technology
companies, including HighRoads Corporation, Platform Computing
Corporation and Healthrageous, Inc.
"I've followed Progress and their success over the years, and now glad
to be part of an organization committed to growth and improving its
legacy," Egan said.
Mr. Egan received a Bachelor of Science degree in Marketing and Computer
Science from Boston College and serves as a Member of the Board of
Trustees.
Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software
company that enables enterprises to be operationally responsive to
changing conditions and customer interactions as they occur — to
capitalize on new opportunities, drive greater efficiencies and reduce
risk. The company offers a comprehensive portfolio of best-in-class
infrastructure software spanning event-driven visibility and real-time
response, open integration, data access and integration, and application
development and deployment — all supporting on-premises and SaaS/Cloud
deployments. Progress Software maximizes the benefits of operational
responsiveness while minimizing IT complexity and total cost of
ownership. Progress Software can be reached at www.progress.com
or +1-781-280-4000.
Progress Software Corporation
Investor
Relations:
Tom Barth, +1 781-280-4135
tobarth@progress.com
or
Press
Relations:
John Stewart, +1 781-280-4101
progress@lewispr.com
Source: Progress Software Corporation
News Provided by Acquire Media
