Press Release

BEDFORD, Mass.--(BUSINESS WIRE)--Jul. 20, 2009-- Progress Software Corporation (NASDAQ: PRGS), a global provider of leading application infrastructure software to develop, deploy, integrate and manage business applications, today announced that its Progress Apama Division will host several industry experts for a wide-ranging discussion that explores the opportunities for algorithmic and other low latency trading strategies in current market conditions. The speakers will offer insights into successful automation scenarios for proprietary trading desks, hedge funds, commodity trading advisors, and broker/dealers.

In addition to Dr. John Bates, the panel will include:

• John R.E. Ley, Managing Director; Co-head Automated Trading, TD Securities
• George Hessler, Executive Vice President, Lime Brokerage, LLC
  
  
• David Allen, Manager Commodities Sales and Trading, AVM, L.P.

Please note that advanced registration is required for admittance to the event, which will take place on Tuesday, July 21^st, at 4:00.

Grand Hyatt New York
Manhattan Ballroom
Park Ave at Grand Central
109 East 42nd Street
New York, NY 10017

Additional details are available at:

http://web.progress.com/apama-landing/events/perfect-storm.html

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

Progress is a registered trademark of Progress Software Corporation in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Source: Progress Software Corporation

Progress Software
Lisa Coulouris, + 1 781-280-4995
lcoulour@progress.com
or
LEWIS PR
Melissa Schulz, +1 646-649-5641
progresssoftware@lewispr.com