Progress Software Appoints Chief Information OfficerBEDFORD, Mass.--(BUSINESS WIRE)--Jun. 10, 2009--
Progress
Software Corporation (NASDAQ: PRGS), a global provider of
application infrastructure software used to develop, deploy, integrate
and manage business applications, today announced the appointment of
David Benson to the newly-created position of Chief Information Officer
(CIO). Reporting to President and Chief Executive Officer
Rick Reidy,
David’s appointment is part of
Progress Software's initiative to develop
and execute a global IT strategy, which is aligned with the company’s
growth strategy.
David brings over 25 years of business and IT experience, most recently
serving as global CIO for News Corporation, a multi-billion dollar
diversified media and entertainment company. In that position, David
drove significant change in News Corp’s culture, developing standards
and successfully building a collaborative network among disparate IT
groups. The changes David brought to News Corp delivered significant
savings and raised the profile of IT across the company.
With over 1,800 employees, Progress Software is a worldwide leader in
application infrastructure software with products deployed at over
140,000 organizations in over 180 countries. Progress partners with more
than 2,000 ISVs (Independent Software Vendors) that have developed over
5,000 applications using its technologies. Virtually every major
commercial business application in the world today uses Progress
products and technologies to access and integrate data.
Rick Reidy, president and CEO, said: “We are pleased that David has
joined Progress Software. We anticipate that his depth of experience as
a senior level IT executive for a number of leading organizations will
lend itself well to the direction that Progress Software is headed.
David will be responsible for all IT decisions company-wide, as well as
ensure we have the critical IT functionality in place to support our
current and future initiatives.”
Prior to News Corp, David held multiple CIO positions at GE. In each of
these positions, he led significant organizational and process change
initiatives, ensuring that IT was closely aligned with the respective
business and maximizing value for the investment in IT.
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.
Safe Harbor Statement
Except for the historical information and discussions contained herein,
statements contained in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements, which include statements regarding
the company’s business outlook, involve a number of risks, uncertainties
and other factors that could cause actual results to differ materially,
including but not limited to the following: the receipt and shipment of
new orders; the timely release of enhancements to the company's
products; the growth rates of certain market segments; the positioning
of the company's products in those market segments; variations in the
demand for professional services and technical support; pricing
pressures and the competitive environment in the software industry; the
weakness in the U.S. and international economies, which could result in
fewer sales of our products and may otherwise harm our business;
business and consumer use of the Internet; the company’s ability to
attract, incent and retain highly skilled managerial, technical and
marketing personnel and the success of those personnel in implementing
the company’s business plans; the company’s ability to complete and
integrate acquisitions; the company’s ability to realize the expected
benefits and anticipated synergies from acquired businesses; the
company's ability to penetrate international markets and manage its
international operations; and changes in exchange rates. The company
undertakes no obligation to update information contained in this
release. For further information regarding risks and uncertainties
associated with the company's business, please refer to the company's
filings with the Securities and Exchange Commission.
Progress is a registered trademark of Progress Software Corporation or
one of its affiliates or subsidiaries 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 Corporation
Lisa Coulouris, 781-280-4995
lcoulour@progress.com
or
LEWIS
PR
Claire Rowberry, 617-226-8841
progresssoftware@lewispr.com
