Application infrastructure software company Progress Software has been recognised as one of the 200 Best Small Companies by Forbes magazine.
According to the 31 October issue of Forbes, only companies that are "solid and consistent hitters that have performed well when measured over the last 12 months and the past five years, and are poised for another growth spurt" were considered.
Other prestigious public companies making the list include Kronos, Avid Technology, Internet Security Systems and ANSYS. The entire Forbes 200 Best Small Companies list can be viewed online at http://www.forbes.com/200best/.
The annual Forbes 200 Best Small Companies list is a compilation of financially successful small-cap businesses. In order to be considered for the Forbes 200, companies must have revenue between $5 million and $750 million, net profit margins greater than 5% and share prices above $5 as of 29 September 2005.
"Being named to the Forbes 200 Best Small Companies list is a testament to the impressive growth Progress has experienced in the past few years, both organically and through strategic acquisitions," says Rick Parry, MD of Progress Software South Africa. "Progress plans to continue to build on this growth by bringing our innovative technology applications and development platforms to leading companies worldwide."
Progress also ranked 67th in market value, 71st in profits and 82nd in 12-month earnings per share.
The announcement is the most recent in a series of honours that Progress Software has received in 2005, reflecting the company`s technology innovations and business success:
* Progress captured three out of 12 of the Innovator 2005 awards given by InfoWorld Media Group, a division of IDG.
* Dave Chappell of Sonic Software was named to CRN`s list of the Top 10 Technologists in 2005 for his groundbreaking work on enterprise service bus (ESB) technology.
* Progress application partner DABAC was the winner of a prestigious Computerworld Honors 21st Century Achievement award.
* Sonic Software topped InfoWorld`s product round up of Enterprise Service Bus offerings. Sonic SOA Suite was hailed as the "Best Overall for Larger-Scale SOA Implementations".
* Progress Software was named to Manufacturing Business Technology Magazine`s Global 100 listing of leading IT providers.
* VARBusiness magazine tabbed Progress Software as one of North America`s top IT vendors in terms of the breadth and depth of the channel-partner programs it offers to application providers.
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Progress Software South Africa is a subsidiary of US-based Progress Software Corporation, the world leader in the embedded database market. The company provides the underlying software technology and services required for successfully developing, deploying, integrating and managing e-business solutions. Progress actively pursues innovative technologies and new business opportunities that allow companies to make an effective transition to true e-business environments. Progress`s OpenEdge platform enables its partners to deliver lowest cost-of-ownership applications that are rapidly implemented and easily integrated within and across the extended enterprise.
The company`s extensive partner base includes more than 2 000 application partners and application service providers who supply more than $5 billion in Progress-based applications and services annually. Over 50 000 organisations across 100 countries - including 70% of the Fortune 100 - rely on Progress technology.
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