PROGRESS SOFTWARE ACQUIRES PEERDIRECT, AN INNOVATOR IN THE DATA REPLICATION MARKET Monday 5 November 2001 PDF Print Unique Replication Technology Complements Existing Product Strategies and Marks Entry Into the Growing Heterogeneous Database Replication Market BEDFORD, Mass.- Nov. 5, 2001—Progress Software Corporation (NASDAQ:PRGS), a leading supplier of technology for building e-business solutions, today announced the acquisition of substantially all of the assets of PeerDirect Inc., developers of a distinctive heterogeneous database replication system for high-speed and reliable distribution of business information. Terms of the acquisition are undisclosed, but all current PeerDirect employees have accepted employment with the Progress Software family of companies . These employees will continue to enhance PeerDirect’s technology, including adding support for the Progress database, and they will continue support for current and future PeerDirect users. PeerDirect offers a replication system for securely distributing and synchronizing data stored on databases within the enterprise, as well as over the Internet. In acquiring PeerDirect, Progress will further extend the capabilities of its OpenEdge? e-business platform, which includes its leading embedded database, Fathom (see today’s press release at www.progress.com ), and other proven products for application development, that aid in integrating disparate sources of data within business-critical applications. PeerDirect will remain headquartered in Toronto. “Progress Software is an industry leader, widely respected for robust and high performing products,” said Lawrence W. Palmer, chief executive officer of PeerDirect. “We share many synergies with Progress and a common vision for data replication and effective e-business technologies. We are enthusiastic about the opportunity of working with Progress and combining their expertise with our own.” “PeerDirect has a revolutionary and patented database replication architecture,” said Rick Reidy, senior vice president products, Progress Software Corporation. “PeerDirect’s sophisticated system for distributing and synchronizing relational databases, delivers powerful industry-leading replication capabilities to our own products. In addition, PeerDirect has great potential as an independent player in the heterogeneous database replication market.” "PeerDirect has a highly flexible and distributed architecture that is based on propagating the 'net change' of the database states between two synchronization instances," said Carl Olofson, Program Director, IDC. "This is different from other database synchronization technologies that IDC is aware of. Most of them are based on propagating the contents of transaction logs. The efficiency and simplicity of the PeerDirect approach to database replication makes it especially suitable to the strategic direction of Progress Software. Progress Software's acquisition of this technology is timely and synergistic with their existing product set." About Progress Software Corporation Founded in 1981, Progress Software Corporation, or PSC (NASDAQ: PRGS) is the parent organization for the Progress Company operating unit, Sonic Software Corporation, and NuSphere Corporation. PSC provides industry-leading technologies for all aspects of e-business development, deployment, integration and management. Progress Software Corporation is headquartered in Bedford, Mass., and can be reached at 01753 216300 or on the Web at http://www.progress.com. Progress, WebClient, OpenEdge, IntelliStream, Empowerment Centers and ASPen are service marks, trademarks, or registered trademarks of Progress Software Corporation. Progress and WebSpeed are registered trademarks of Progress Software Corporation in the U.S. and other countries. ASPEN is a trademark of Progress Software Corporation in the U.S. Press Contact Salli Roskilly, Saffron Communications. Tel: 01763 208708 Email: email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Saffron Communications (Hertfordshire) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.