BravePoint becomes Progress' Services Organization Under the Progress
BravePoint Name
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress
(NASDAQ: PRGS), today announced it has acquired BravePoint,
Inc., a Georgia-based subsidiary of Chesapeake Utilities Corporation
(NYSE: CPK), and a leading provider of consulting, training and
application development services designed to increase customers'
profitability and competitiveness through the use of technology. This
acquisition significantly extends Progress' services capabilities and
enhances its ability to quickly enable its partners and customers to
take greater advantage of new technologies.
BravePoint was one of the first IT companies to recognize the demand for
skilled technical consultants in Progress technologies. For more than 20
years, BravePoint has been developing and delivering services to
Progress customers and partners to help them achieve greater success in
their business. Current IT services offerings include: application
modernization; data management, managed database services; performance
enhancements and tuning; and analytics/business intelligence. BravePoint
has been partnering with Progress for many years to provide unique,
customized solutions, and now, as part of the Progress family, will
expand its service offerings to address new business challenges as new
technology trends arise.
With the BravePoint acquisition, Progress will be better positioned to
help partners and customers leverage their core assets and develop
strategies that protect current investments, while addressing changing
business requirements. Recent shifts in the business application market
with trends such as Cloud, Mobile, Social and Big Data, have meant
organizations need to evolve to take advantage of all of the latest
technology developments. Modernizing existing business applications is
critical to their competitiveness and future.
BravePoint brings years of consulting experience, methodologies and
frameworks, tight-knit relationships with the Progress global community,
and highly skilled consultants with deep knowledge of the Progress
products. These assets, coupled with Progress' current global
Professional Services organization, will enable Progress to work closely
with its large global customer base to address the needs in this rapidly
changing business climate.
Progress will continue to support its vast network of service partners
around the world through its successful Progress+ program. With this
acquisition Progress expects to further expand its Services Partner
network.
Supporting Quotes:
Phil Pead, president and CEO, at Progress, said, "BravePoint has an
impressive growth record largely attributed to the delivery of
first-class services to our Progress OpenEdge customers. The need for
cloud-based, mobile applications accessing high volumes of data is
growing exponentially, and as our customers come up to speed with the
technology, we have an obligation to help them accomplish their goals
with the best products and services. We have excellent technology; we
have an impressive network of partners around the globe; and now we have
a highly-qualified, experienced and dedicated pool of talent to help us
address our customers' needs."
Jerry Rulli, President of the OpenEdge Business Unit at Progress, said,
"The acquisition of BravePoint is a great fit in the newly formed
OpenEdge Business Unit as we bring sharper focus to our large customer
base and our extremely loyal partner community. Services are a critical
component of our growth strategy as we look to move our customers and
partners' applications forward."
John Harlow, President of BravePoint, said, "We are excited about the
opportunity to become part of the Progress organization. With the
combination of BravePoint's real world experience in developing and
modernizing OpenEdge solutions and having our services team as an
integral part of the OpenEdge business unit, I am confident that it will
provide significant benefits to all customers. Not only will it provide
better access to the latest technological innovations, but also better
channels of communication for our customers back to the Progress
development teams directly."
Additional Resources:
Progress
Corporate Blog
Progress
OpenEdge Blog
BravePoint
Blog
Follow Progress on Twitter,
Facebook,
LinkedIn
and Google+
Follow BravePoint on Twitter
and Facebook
About Progress Software Corporation
Progress
Software Corporation (NASDAQ: PRGS) is a global software company
that simplifies the development, deployment and management of business
applications on-premise or in the cloud, on any platform or device, to
any data source, with enhanced performance, minimal IT complexity and
low total cost of ownership. Progress Software can be reached at www.progress.com
or 1-781-280-4000.
Progress and OpenEdge are trademarks or registered trademark of Progress
Software Corporation in the U.S. and other countries. Any other names
contained herein may be trademarks of their respective owners.
Forward-Looking Statements
This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Progress has identified some of these forward-looking
statements with words like "believe," "may," "could," "would," "might,"
"should," "expect," "intend," "plan," "target," "anticipate" and
"continue," the negative of these words, other terms of similar meaning
or the use of future dates. Forward-looking statements in this press
release include, but are not limited to, statements regarding the future
operation, direction and success of Progress's business. There are a
number of factors that could cause actual results or future events to
differ materially from those anticipated by the forward-looking
statements, including, without limitation: (1) Progress' ability to
release its product development initiatives in a timely manner; (2)
market acceptance of Progress's product development initiatives; (3)
pricing pressures and the competitive environment in the software
industry and Platform-as-a-Service market; (4) Progress's ability to
make technology acquisitions and to realize the expected benefits and
anticipated synergies from such acquisitions; (5) economic conditions in
the U.S. and international economies; (6) business and consumer use of
the Internet and the continuing adoption of Cloud technologies; (7) the
receipt and shipment of new orders; (8) Progress's ability to expand its
relationships with channel partners and to manage the interaction of
channel partners with its direct sales force; (9) the timely release of
enhancements to Progress's products and customer acceptance of new
products; (10) the positioning of Progress's products in its existing
and new markets; (11) variations in the demand for professional services
and technical support; (12) Progress's ability to penetrate
international markets and manage its international operations; and (13)
changes in exchange rates. For further information regarding risks and
uncertainties associated with Progress's business, please refer to
Progress's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
November 30, 2013, and Quarterly Report on Form 10-Q for the fiscal
quarter ended February 28, 2014. Progress undertakes no obligation to
update any forward-looking statements, which speak only as of the date
of this press release.
Progress Software
Jill Adams, +1 781-280-4474
jiadams@progress.com
or
Rachel
Godwin, +44 (0) 7785 285551
rachel.godwin@progress.com
Source: Progress Software Corporation
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