Progress Software Announces Executive Leadership Changes
BEDFORD, Mass.--(BUSINESS WIRE)--
Software Corporation (NASDAQ: PRGS), a leading software provider
that enables enterprises to be operationally
responsive, announced today the appointment of Andy Zupsic as the
global head of field operations. He is scheduled to start on April 2,
In this capacity, Zupsic will be responsible for all company-wide sales,
services and partners. Zupsic joins Progress from Juniper Networks,
where most recently he served as the Senior Vice President, Americas
Enterprise Sales Group. A member of Juniper's executive staff, Zupsic
led both the direct and indirect distribution channels enterprise sales
organization throughout the U.S., Canada and Latin America.
"After an exhaustive search, I am very pleased to welcome Andy Zupsic to
Progress," said Jay
Bhatt, president and chief executive officer at Progress Software.
"Andy has extensive experience in the software industry on the sales
side, including lengthy domestic and international stints at Microsoft
Progress also announced that Charles F. Wagner, Jr., chief financial
officer, will leave the company effective immediately. In the interim
until a new Chief Financial Officer is appointed, Mr. Bhatt will assume
Mr. Wagner's responsibilities as Chief Financial Officer. The Company
noted that Wagner's departure is not based on any disagreement on any
matter relating to the Company's accounting practices or financial
statements. The Company has engaged a global executive search firm to
assist in the Chief Financial Officer search."
"We appreciate Charlie's work over the past 18 months, and we wish him
the best in his future endeavors," stated Jay Bhatt.
Important Shareholder Information
Progress Software will hold its Annual Meeting of Shareholders on May
31, 2012 at 9:00 a.m. Eastern. The company plans to file with the
Securities and Exchange Commission and mail to its shareholders a proxy
statement in connection with its 2012 Annual Meeting of Shareholders.
The proxy statement will contain important information about the
company, the Annual Meeting and related matters.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT
AND ANY OTHER RELEVANT SOLICITATION MATERIALS WHEN THEY BECOME AVAILABLE
BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION.
The proxy statement and other relevant solicitation materials (when they
become available), and any and all documents filed by the company with
the Securities and Exchange Commission, may be obtained by investors and
security holders free of charge at the Securities and Exchange
Commission's web site at www.sec.gov.
In addition, filings of the company with the Securities and Exchange
Commission, including the proxy statement and other relevant
solicitation materials (when they become available), may be obtained,
without charge, from the company by directing a request to the company
at 14 Oak Park, Bedford, Massachusetts 01730, c/o Corporate Secretary.
The company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the shareholders of the
company in connection with the Annual Meeting. Information regarding the
company's directors and executive officers is contained in the company's
annual report on Form 10-K filed with the Securities and Exchange
Commission on January 30, 2012 and definitive proxy statement filed with
the Securities and Exchange Commission on March 21, 2011. Additional
information regarding the interests of those participants in the
solicitation of proxies may be obtained by reading the proxy statement
for the Annual Meeting when it becomes available.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software
company that enables enterprises to be operationally responsive to
changing conditions and customer interactions as they occur — to
capitalize on new opportunities, drive greater efficiencies and reduce
risk. The company offers a comprehensive portfolio of best-in-class
infrastructure software spanning event-driven visibility and real-time
response, open integration, data access and integration, and application
development and deployment — all supporting on-premises and SaaS/Cloud
deployments. Progress Software maximizes the benefits of operational
responsiveness while minimizing IT complexity and total cost of
ownership. Progress Software can be reached at www.progress.com
Progress is a trademark or registered trademark of Progress Software
Corporation or one of its subsidiaries or affiliates in the U.S. and
other countries. Any other trademarks contained herein are the property
of their respective owners.
Progress Software Corporation
John Stewart, 781-280-4101
Source: Progress Software Corporation
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