PROGRESS SOFTWARE CORP /MA

Progress Software announced that its Progress® Agentic RAG platform has been named a winner in the 2026 Artificial Intelligence Excellence Awards in the Retrieval-Augmented Generation (RAG) category. This breakthrough SaaS platform serves as an enterprise knowledge layer, transforming unstructured data from over 60 formats into a shared, governed intelligence foundation. The recognition highlights Progress Software's innovation in making trustworthy RAG accessible and its role in helping organizations accelerate productivity and operationalize AI with confidence.

Progress Software announced the release of its State of Accounting 2026 report, revealing that U.S. accounting professionals are rapidly adopting AI and automation. Despite high job satisfaction (98%), the profession faces significant challenges from fragmented systems, inefficient workflows, and tool sprawl, which limit productivity and consistent client experiences. The report highlights that while 84% use AI, efficiency gaps persist, with 75% reporting too many workflow steps and 61% citing insecure document exchanges.

Progress Software released its 2025 Corporate Social Responsibility (CSR) report, showcasing its dedication to a people-first culture, global community impact, and sustainability efforts. The report highlights significant advancements in employee development, wellbeing, and charitable initiatives, which contributed to the company receiving multiple "Best Workplace" honors. Progress Software's CEO, Yogesh Gupta, emphasized the company's ongoing commitment to responsible and sustainable practices across its business.