BEDFORD, Mass, January 9, 2002 — Progress Software Corporation (Nasdaq:PRGS), a leading supplier of technology
for building e-business solutions, today announced celebratory and promotional activities that marked the
company's 20th year as a corporation. Events included opening the Nasdaq trading exchange in New York City
(view media clips: http://www.progress.com/psc_investors/media.htm) on December 28th, the last trading day
before December 30th, the official day of incorporation for Progress Software Corporation (PSC). This event
also marked PSC’s 10th year on the Nasdaq.
“It appears that prospering for 20 years in the high tech industry, with 17 consecutive years of
profitability, is actually quite a feat,” said CEO Alsop. “More importantly, we are looking forward to the
next 20 years. We are excited about our new technologies to address business needs for software tools and
technologies that enable companies to leverage trends such as Internet B2B, Web services, new application
development and integration, and database replication, and to more easily and successfully use open source
“Only five high technology companies headquartered in the state of Massachusetts have gone this distance, and
Progress Software is unique among these as a global software company that competes with the likes of Oracle,
Microsoft and IBM in providing a complete platform for development and deployment,” Alsop added. “We are
enthusiastic that our state officials and others in the media are showing a renewed interest in companies that
are ‘built to last’.”
About Progress Software Corporation
Founded in 1981, Progress Software Corporation, or PSC (Nasdaq: PRGS) is the parent organisation 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, MA., and can be reached in the UK at
01753 216300 or on the Web at http://www.progress.com
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