Progress Real Time Division Offers Competitive Upgrade Program for Versant and Objectivity Users
Migration to the ObjectStore(R) Database Management System Offers Versant and Objectivity Users an Easy and Cost Effective Alternative for Improved Processing of Real-time Data
BEDFORD, Mass. (BUSINESS WIRE)
16-May-2005
The Progress Real Time Division, a leader in real-time products for event stream processing, data management, data access and synchronization, and an operating unit of Progress Software Corporation (Nasdaq: PRGS), today announced a competitive software upgrade program for customers of competing object database management products from Versant (Nasdaq: VSNT), Objectivity, and others, who are looking to improve the reliability and responsiveness of their database applications. The upgrade program enables these customers to quickly and easily transition to the ObjectStore(R) object database management system (ODBMS), the recognized market and technology leader in this area. Customers who take advantage of the program, which runs from May 1 to September 1, 2005, will receive 50% trade-in credit for their current runtime licenses (up to $100,000).
"Companies making substantial technology investments are looking for applications that deliver business value from a company that is well managed and financially sound. In this respect, Progress' track record is second to none," said Peter Sliwkowski, president, Progress Real Time Division. "The ObjectStore competitive upgrade program provides a quick and easy way for organizations to migrate to the ObjectStore ODBMS. Those who take advantage of this opportunity will experience improved speed and reliability, lower total cost of ownership and the confidence gained from working with a vendor they can count on."
Highly scalable and featuring support for all industry leading platforms, the ObjectStore ODBMS is a proven technology for developing data intensive, object-oriented applications requiring the highest possible performance and scalability. ObjectStore uses virtual memory mapping to store data in exactly the form in which it is used by applications and provides extremely fast in-memory access using a patented Cache-Forward(TM) architecture. This allows applications to store and manipulate information at in-memory speeds with complete transactional data integrity and all the other benefits of a traditional enterprise-class data management system such as clustering, online backup, replication and high availability.
The competitive upgrade program includes a free assessment to determine the scope of the migration project, as well as customized professional services offerings to rapidly convert applications from other object database products. The worldwide professional services organization's extensive experience in converting applications from other database technologies ensures a predictable and painless migration to ObjectStore. ObjectStore's strong support for C++ and Java(TM), and standards such as Java Data Objects (JDO), also reduces the time necessary to make the transition.
For details on the trade-up program, please visit http://www.objectstore.com/web/global/competitive_tradein/index.ssp
About Progress Real Time Division
The Progress Real Time Division provides event stream processing, data management, data access and synchronization products to enable the real-time enterprise. Our products monitor and analyze real-time event stream data for applications such as algorithmic trading and RFID; accelerate the performance of existing databases through sophisticated caching; manage and process complex data in the industry's leading object database; and support occasionally connected or mobile users requiring real-time access to enterprise applications. Progress Real Time is an operating unit of Progress Software Corporation (Nasdaq: PRGS), a global software industry leader. Headquartered in Bedford, Mass., Progress Real Time can be reached at www.progress.com/realtime or +1-781-280-4000.
ObjectStore and Cache-Forward are trademarks or registered trademarks of Progress Software Corporation in the U.S. and other countries. Java and all Java-based marks are trademarks or service marks of Sun Microsystems, Inc. in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.
CONTACT: Progress Software Corporation
John A. Stewart
Director of Corporate Communications
781-280-4101
or
Schwartz Communications, Inc.
John Moran, 781-684-0770
progress@schwartz-pr.com
SOURCE: Progress Real Time Division
