BEDFORD, Mass.--(BUSINESS WIRE)--
Progress
Software (NASDAQ: PRGS), today announced it is making changes to its
operations to enhance integration and collaboration across its product
divisions in order to address expanding market opportunities around
customer experiences and to further advance its growth strategy.
This announcement follows the appointment of Jerry Rulli to the position
of Chief Operating Officer in July. Today's changes are designed to
align the company's operations around a cohesive, audience-centered
approach and a strategic product management organization. To that end,
Michael Benedict, previously President of the Data Connectivity and
Integration Business Unit, has been appointed Chief Product Officer
(CPO), effective immediately and will report into Rulli.
In his new role, Benedict is responsible for product marketing and
product management across the Progress Application Development and
Deployment, Data Connectivity and Integration, and OpenEdge Business
Units. Benedict will work with product teams across the company to
define its product roadmap, establish go-to-market initiatives and
ensure seamless integration across its product portfolio toward
delivering an optimal, cohesive customer experience. Progress will
retain its business unit focus within the CPO organization, continuing
to have dedicated product teams for each business unit, each under the
leadership of a general manager reporting directly to Benedict.
"During the past year, Michael and his team have achieved solid growth
in our Data Connectivity business. He is an exceptionally-driven leader
with a comprehensive understanding of customer needs and opportunities,"
said Rulli. "We couldn't be more pleased with Michael's appointment to
CPO. He will instill a collective vision to help take Progress to the
next level and create a foundation that enables us to drive innovation
in unique and thought-provoking ways, long into the future."
In order to ensure tighter integration between the company's product
management, marketing and development functions, Progress also announced
that corporate marketing, under the direction of Melissa Puls, Chief
Marketing Officer, and engineering and development, under the direction
of Rob Steward, Chief Product Development Officer, will report to Rulli,
effective immediately. Progress' sales resources will report directly
into the company's geographic regions under Rulli, while retaining the
dedicated business unit sales teams for each of the products.
"Last year, we successfully organized our operations into three distinct
business units, resulting in greater focus in our sales and go-to-market
execution," said Phil Pead, President and Chief Executive Officer. "The
changes we are announcing today refine this structure, while maintaining
our focus, and are designed to bring us even closer to our customers,
ensuring tighter cross-collaboration between product management, product
marketing, development and sales to deliver on our growth strategy."
Progress expects to retain the segment reporting for its three business
units.
About Progress
Progress
(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 can be reached at www.progress.com
or 1-781-280-4000.
Progress and Progress Software are trademarks or registered trademarks
of Progress Software Corporation and/or its subsidiaries or affiliates
in the U.S. and other countries. Any other names contained herein may be
trademarks of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151001006854/en/
Press Contact
Progress Software
Erica Burns, +1
888-365-2779
Pr@progress.com
or
Investor
Contact
Progress Software
Brian Flanagan, +1 781-280-4817
flanagan@progress.com
Source: Progress Software
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