Progress Software Corporation (NasdaqGS:PRGS) is looking for M&A. During the First Quarter 2026 Earnings Conference Call, Yogesh Gupta, President and CEO, said, "On M&A, our corporate development team is betting deals aggressively and we further fine-tuned ShareFile operations, which continues to perform very well as one of our best acquisitions." "Our capital allocation priorities remain very clear. We will continue to, number one, invest in our business and innovate. Number two, aggressively reduce debt and be opportunistic on buybacks.
And number three, maintain our commitment to generate excess returns through disciplined M&A, followed by rapid synergistic integrations. We will use the same M&A lens. We have always used to acquire good companies with strong infrastructure technology products, loyal customers, high recurring revenue and customer retention and a compatible culture".
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, and Automate MFT. MOVEit Transfer Software offers an on-premises Managed File Transfer (MFT) server, supporting compliance with internal governance requirements and regulations. WhatsUp Gold is an information technology (IT) infrastructure monitoring software providing visibility into network devices, servers, virtual machines, cloud, and wireless environments.
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Investor
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Global
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ESG MSCI
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