Progress Software Releases ObjectStore Version 6.1; ObjectStore Division Establishes Foundation for Product Strategy
BEDFORD, Mass. (BUSINESS WIRE)
04-Mar-2003
Progress Software Corporation (Nasdaq: PRGS), a leading supplier of technology for building e-business solutions, today announced the release of ObjectStore(R) Version 6.1, the market leading object-oriented database acquired through the purchase of eXcelon Corporation in December of last year. Progress has integrated ObjectStore into its overall product line, establishing a new division dedicated to the development and support of the product, which has already delivered Version 6.1. This latest release of ObjectStore dramatically improves the operational effectiveness of the database with the addition of increased availability, clustering and replication support. These enhancements include support for mutual takeover capabilities for clustered fail-over, interfaces to support replication across wide area networks and support for software upgrades of live systems. Additionally, Version 6.1 offers support for the latest development platforms such as Visual Studio.NET, Sun Java JDK 1.4, and Red Hat Linux 8.0.
ObjectStore provides all the traditional services and benefits of an enterprise database while offering a very flexible programming paradigm that seamlessly integrates application and storage data models. Unlike typical application databases, ObjectStore uses a patented Cache-Forward(TM) architecture that allows an application's data to be maintained in memory, while still providing traditional transactional capabilities. Organizations can build high-performance data management systems by manipulating unlimited amounts of information in a format that makes sense to their business, without having to conform to the formats required by conventional databases. This makes ObjectStore an extremely powerful tool for developing massively scalable, high-performance business applications, as evidenced through the products popularity in the financial, airline and telecom industries where zero downtime, 24x7 availability, real-time feeds and data analysis are critical.
"The ObjectStore technology has always been well-respected in the industry, and the product has been the market leader among object-oriented databases," said Carl Olofson, program manager at IDC. "Progress Software brings practical insights and a proven track record managing partner relationships to deliver business solutions to customers. This is reflected in a long history of profitability in the embedded DBMS space. IDC believes that customers will reap the benefits of synergies between the experienced business-oriented management team of Progress and the technologists that continue to improve the ObjectStore product line."
In the past, a large percentage of ObjectStore's sales have been as an embedded database for OEMs, which fits well with the Progress partnering model. Moving forward, Progress will extend to the ObjectStore division its legendary commitment to "simplify the job of building the world's best business applications" by making the technology more accessible to a wider customer base. This includes simplifying ObjectStore's basic functionality, as well as adding extensions to support specific applications in targeted vertical markets.
"ObjectStore is a proven product with a track record of providing significant flexibility and business value to its customers," said Peter Sliwkowski, general manager of ObjectStore. "It is exciting to have the opportunity to help guide ObjectStore's future and to expand the reach of the world's leading object-oriented database by leveraging the established business expertise of Progress Software Corporation."
About Progress Software Corporation
Founded in 1981, Progress Software Corporation, or PSC (Nasdaq: PRGS) is the parent organization for the Progress Company operating unit, Sonic Software Corporation, and PeerDirect 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 at 781-280-4000 or on the Web at www.progress.com.
Safe Harbor Statement
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including but not limited to the following: the receipt and shipment of new orders, the timely release of enhancements to the company's products, the growth rates of certain market segments, the positioning of the company's products in those market segments, market acceptance of the application service provider distribution model, variations in the demand for customer service and technical support, pricing pressures and the competitive environment in the software industry, business and consumer use of the Internet, and the company's ability to penetrate international markets and manage its international operations. The company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the company's business, please refer to the company's filings with the Securities and Exchange Commission.
Progress, Cache-Forward, and ObjectStore are trademarks or registered trademarks of Progress Software Corporation or its affiliates in the United States and other countries. Any other trademarks contained herein are the property of their respective owners.
Press Contacts: Corporate US Candace Clemens Sarah Conway Progress Software Corporation Schwartz Comm., Inc. 01 781 280 4101 01 781 684 0770 cclemens@progress.com progress@schwartz-pr.com Austria Benelux Anna Harmer Dian Wahlen TBWA/Wein Leads United 4313 6 000 32 (0) 3 466 01 88 Anna.Harmer@tbwa.at dian_wahlen@leads-united.be Germany Italy Eva Hildebrandt Chiara Possenti Lucy Turpin Communications Axicom 49 89 41 77 6134 39 (0) 27 526 1121 E.Hildebrandt@LucyTurpin.com chiara.possenti@axicom.it Australia UK Shuna Boyd Salli Roskilly Shuna Boyd PR Saffron Comm. 61 2 9418 8100 44 (0) 1763 208708 shuna@boydpr.com.au salli@saffroncoms.com Finland Latin America Paivi Lazarov Juan Carlos Lontok CW Works Progress Latin America 35 8 (0) 311 3775 01 561 998 2244 paivi.lazarov@cworks.fi jlontok@progress.com Switzerland Brazil Frida Hirt Paulo Comunale Jr. Farner PR ICL 41 1 266 6767 55 11 3821 6907 frida.hirt@farner.ch paulinoc@casapar.com.br Mexico Xavier Ramos Progress Mexico 52 55 5201 3800 xramos@progress.com
CONTACT: Progress Software Corporation Candace Clemens, 781/280-4101 cclemens@progress.com or Schwartz Communications, Inc. Sarah Conway, 781/684-0770 progress@schwartz-pr.com
