While most discussions about the Software as a Service (SaaS) market revolve around the likes of Salesforce.com, NetSuite, Google, IBM, Oracle, Microsoft, OpSource, etc., the name Progress Software Corporation (NASDAQ: PRGS) rarely comes to mind, unjustifiably.
While Progress itself is to blame in part for a less aggressive marketing effort (and for the-best-kept-secret-in-the-market status
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community boasts over US$5 billion in total annual revenue and a whopping 3 million users worldwide. These 2,000 ISV partners deliver 6,000 business applications in manufacturing, distribution, financial services, retail, healthcare and other markets. The VAR Business magazine has given a five-star rating for Progress' partner program, which each year adds about 600,000 new users on average. The following facts are staggering: 60 percent of Fortune 500 manufacturers use Progress technology, while