Philips expands its radiology solutions portfolio with the. An an industry veteran with more than 25 years of experience in the software industry, phil has served as a member of the progress board of directors since july 2011, was elected nonexecutive chairman in may 2012, appointed executive chairman in october 2012 and named interim ceo in november 2012. Progress software pushes back against activist demands. Phia, a global leader in health technology, today announced that it has acquired usbased startup company analytical informatics, inc. Business wire progress software corporation nasdaq. Atlantabased eclipsys develops clinical, revenuecycle. Progress software buys a new frontend for its paas play just over a year ago, application infrastructure vendor progress software announced a drastic plan to turn its ailing fortunes around. Nasdaq gs including stock price, stock chart, company news, key statistics, fundamentals and company profile. Phia, a global leader in health technology, today announced that it has acquired forcare, a leading innovator in openstandardsbased interoperability software solutions for fast and flawless data flows between medical systems and information sources at the departmental and enterprise levels, as well as health information.
Progress software corporation referred to as progress, the company, we, us or our is filing this amendment no. Progress software announces intent to acquire telerik. Dimi played a vital role at telerik for more than 10 years, prior to its 2014 acquisition by progress. Sep 05, 2017 massachusettsbased progress, formerly known as progress software, has a long history of adding to its portfolio by acquisition, and two recent ones will help the company tackle the market for cognitive applications. I would like to receive promotional communications based on my preferences and behavior about philips products, services, events and promotions. Progress software ceo retires after four years at helm. Prgs is a global software company that simplifies the development, deployment and management of business applications onpremise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal it complexity and low total cost of ownership. Previously, he served on the board of legacy change healthcare from november 2012 to february 2017, and february 2009 through august 2011. If the filing person has previously filed a statement on schedule g to report the acquisition which is the subject of this. Progress software management discusses q3 20 results.
Pead also served as president and chief executive officer of progress software corp. Nov 24, 2017 amsterdam, the netherlands royal philips nyse. Pead is a member of the change healthcare board of directors. Software selection is an art requiring a balance between many needs. Cons while i think overall progress operates really well there are some miss alignment between teams that causes slow downs but these do tend to get addressed quickly. Progress software management discusses q2 20 results. Company profile sampoernapt hanjaya mandala sampoerna idx. The zip code for this address is 01730 and the postal code suffix is 1414. Pead, president and chief executive officer of progress software corporation the company, purchased 20,000 shares of the companys common stock in openmarket purchases. Jul 10, 2009 perkins will again be working for philip pead, eclipsys president and ceo, who also served for perse. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management. Progress software cfo, chris perkins, announces plans to. Progress software expands board of directors and appoints. Activist investor praesidium investment management on friday urged progress software corps chairman, jack egan, to resign, and questioned the software makers acquisition strategy.
Progress software corporation prgs ceo yogesh gupta on q2 2019 results earnings call transcript seeking alpha. Through this acquisition, progress will now provide. Assembling a cognitivefirst strategy, the two big things we identified as missing were the two things we just acquired. Progress formerly progress software is a global software company that simplifies the development, deployment and management of business applications onpremise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal it. Pead s appointment expands the progress software board of directors to. The computer program exclusion from article 52 of the european patent convention epc proved impossible to uphold as industry moved over to digital technology, and the boards of appeal of the european patent organisation epo felt emboldened to circumvent the epc in vicom by creating the legal fiction of technical effect. Phil pead, president and ceo of progress, spoke to itbusiness. Pead is president and chief executive officer of perse technologies, inc. Pead was formerly the chairman of allscripts and the president and chief executive officer of eclipsys corporation, a leading provider of enterprise clinical and financial. Search for the latest royal philips news, press releases and blog posts. At this time, id like to turn the conference over to mr. May 22, 20 analysistype classification of the takeover process philip morrisinternational inc. He assumed these positions in november 2000, after having. Pead, who retired as president and chief executive officer.
Philip pead perse technologies psti the wall street. Progress completes acquisition of telerik and expands. On october 10, 2016, progress software corporation psc issued a press release announcing the appointment of yogesh k. He is also on the board of change healthcare holdings, inc. View phil peads profile on linkedin, the worlds largest professional community. Massachusettsbased progress, formerly known as progress software, has a long history of adding to its portfolio by acquisition, and two recent ones will help the company tackle the market for cognitive applications. Progress software corporation def 14a apr 15 2016 seeking alpha. The prior form 4 incorrectly stated that the acquisition of shares was pursuant to a grant. Before kaseya, he served as the president and chief executive officer of fatwire software, a vcbacked marketing automation software company. As it announced the acquisition, progress also unveiled the new brand for its paas play. Progress software corporation progress software corporation nasdaq. Progress software, bedford ma company profile bizstanding. Pead, an eclipsys director, was chairman, president and chief executive officer of perse technologies inc. Pead is a businessperson who has been at the helm of 5 different companies.
Elekta makes radiosurgery and radiotherapy solutions for oncology and brain disorder patients. Philip morris sampoernajakarta, june 20presented by group 6 2. The need for new or improved software solutions is a near constant in the merchant energy world, with deregulation in its many guises as the driver for. Atlantabased eclipsys develops clinical, revenuecycle and performancemanagement software. Prgs, announced today that it has completed its acquisition of telerik ad, a provider of tools and technologies to address the entire application development lifecycle. Instead, the form 4 should have stated that the acquisition of shares was pursuant to an open market purchase by the reporting person. Along the way, at least four main issues relating to the software acquisition process are highlighted. Prgs, a leading software provider that enables enterprises to be operationally responsive today announced the appointment of philip m. May 14, 2009 pead, an eclipsys director, was chairman, president and chief executive officer of perse technologies inc. Philips acquires interoperability provider forcare news.
Our latest news, press releases and blogs news center. Among his many contributions, he served as general manager for telerik americas, global sales lead and chief talent officer, where he secured top talent and promoted a unique corporate culture across four continents. Progress is a big company but i still feel that my opinion is valued and matters. In the next few months, progress will integrate cloudbased versions of its infrastructure tools, such as data integration platform data direct and business rules management system cortico, into rollbase. Progress software corporation is the domain name owner. Dec 05, 2017 amsterdam, the netherlands royal philips nyse. Prgs is a global software company that simplifies the development, deployment and management of business applications onpremise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership.
Although bloombergs sources say no specific companies are being targeted by philips at this time, the report identifies two possible acquisition targets. Progress software corporation progress is an american publicly held company headquartered in bedford, massachusetts. Progress software corporation has 32 repositories available. Gupta, as president and chief executive officer, effective october 10, 2016. Eclipsys names chris perkins chief financial officer. Aug 02, 2011 software bedfords progress software corp. Acquisition extends leadership in app dev, deployment and integration with crossplatform tools and technology bedford, mass.
Progress software pushes back against activist demands reuters. Philips targeting medical device company acquisitions. Progress formerly progress software is a global software company that simplifies the development, deployment and management of business applications onpremise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal it complexity and low total cost of ownership. In a deal today involving two companies with links to the boston area, progress software, which helps companies build business software, announced it. Prior to joining progress, yogesh was president and chief executive officer at kaseya, inc. Progress software buys a new frontend for its paas play. Phil pead, president and ceo of progress software corp. Pead to the companys board of directors, expanding the companys board to. Investor praesidium asks progress software chairman to. Brian flanagan, vice president of investor relations.
Phia, a global leader in health technology, today announced that it has acquired forcare, a leading innovator in openstandardsbased interoperability software solutions for fast and flawless data flows between medical systems and information sources at the departmental and enterprise levels, as well as health information exchanges. It pledged to sell off no fewer than ten of its product lines, and abandoned its strategy of pursuing enterprisewide contracts. Progress software corp said on tuesday that it would not follow activist investor praesidium investment managements demands to replace the chairman of its board or buy a privately held company. Perkins will again be working for philip pead, eclipsys president and ceo, who also served for perse. This article has attempted to map some means to improve the process. Pead to the companys board of directors, expanding the companys board to seven members. The progress software corporation 1991 employee stock purchase plan, or the espp, was adopted by our stockholders at a special meeting of shareholders held on july 1, 1991. Pead to the companys board of directors effective immediately. With recent acquisitions, progress tackles cognitive. Progress software preliminary earnings and revenue beat. A quite common written form of this address is 14 oak park drv, bedford, ma 017301414. Oct 22, 2014 progress software corporation progress software corporation nasdaq.
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