Progress Software's ObjectStore Division Becomes Progress Real Time

    Business Editors

    BEDFORD, Mass.--(BUSINESS WIRE)--May 16, 2005--

    Offers Full Range of Solutions for the Real-Time Enterprise

    Progress Software Corporation (PSC) (Nasdaq: PRGS), a global supplier of software infrastructure used to develop, deploy, integrate and manage business applications, today announced a new name, the Progress Real Time Division, for the unit formerly called the ObjectStore Division. The Progress Real Time Division provides event stream processing, data management, data access and synchronization products to enable the real-time enterprise. The division includes the recent acquisitions of Persistence Software and Apama, Inc., and the integration of PeerDirect, creating a comprehensive source of real-time enterprise products.
    The Progress Real Time Division products enable organizations to simultaneously analyze and respond to multiple streams of data feeds, as well as provide a new class of data management infrastructure designed to meet the needs of the distributed, service-oriented applications that drive the real-time enterprise. Representative products include Progress(R) Apama(R) Trading Strategy Management Platform for Algorithmic Trading, Progress(R) RFID, Progress(R) EdgeXtend(R) for data caching and object-relational mapping, Progress(R) PeerDirect(R) for heterogeneous database synchronization, and Progress(R) ObjectStore(R) for object data management.
    "The Progress Real Time Division's pioneering Event Stream Processing (ESP) technology is used by companies around the world to manage applications such as algorithmic trading and RFID," said Peter Sliwkowski, president, Progress Real Time Division. "By combining ESP with solutions that deliver the best in high-performance object data management, access and synchronization, the Progress Real Time Division offers an unrivaled line of products for the real-time enterprise."

    About Progress Real Time Division

    The Progress Real Time Division provides event stream processing, data management, data access and synchronization products to enable the real-time enterprise. Our products monitor and analyze real-time event stream data for applications such as algorithmic trading and RFID; accelerate the performance of existing databases through sophisticated caching; manage and process complex data in the industry's leading object database; and support occasionally connected or mobile users requiring real-time access to enterprise applications. Progress Real Time is an operating unit of Progress Software Corporation (Nasdaq: PRGS), a global software industry leader. Headquartered in Bedford, Mass., Progress Real Time can be reached at www.progress.com/realtime or +1-781-280-4000.

    About Progress Software Corporation

    Progress Software Corporation (Nasdaq: PRGS) is a global industry leader providing application infrastructure software for all aspects of the development, deployment, integration and management of business applications through its operating units: Progress OpenEdge Division, Sonic Software, DataDirect Technologies, and Progress Real Time Division. Headquartered in Bedford, Mass., Progress can be reached at www.progress.com or +1-781-280-4000.
    Progress, ObjectStore, Apama, EdgeXtend and PeerDirect are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

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CONTACT: Progress Software Corporation Candace Clemens, 781-280-4101 cclemens@progress.com or Schwartz Communications, Inc. John Moran, 781-684-0770 progress@schwartz-pr.com

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: SOFTWARE SOURCE: Progress Software Corporation

Copyright Business Wire 2005