Progress Software Names Industry Veteran Stephen McNulty Managing Director for Asia Pacific and Japan

New leader to strengthen company’s regional presence with a focus on Big Data, Cloud and Mobile technologies

Singapore, April 8, 2013 - Progress Software Corporation (NASDAQ: PRGS), a global software company that simplifies and enables the development, deployment and management of business applications, today announced the appointment of veteran software executive Stephen McNulty as Managing Director for Asia Pacific and Japan (APJ). With over 20 years of sales, channel and service experience in the region, McNulty will lead Progress Software’s business and operations in APJ, with a primary focus on growing the company’s network of channel partners and customers.

Based in Singapore, McNulty joins Progress from JDA Software, where he most recently served as President of Asia Pacific. He also has prior long-term experience with Oracle and Baan in Asia Pacific, managing teams across key markets in South and Southeast Asia. He has over two decades of experience working in Asia Pacific and has an MBA from Edinburgh Business School, Scotland.

Andy Zupsic, Senior Vice President of Global Field Operations, Progress Software said, “The Asia Pacific region is a key growth engine for Progress Software with Japan and China being the second and third largest IT markets in the world behind the U.S. In order to best respond to the unique needs of our customers and provide better support and coverage, we will be investing heavily in our partner network in APJ. I’m pleased to announce the appointment of Stephen McNulty as our new Vice President of APJ, based in our Theatre headquarters in Singapore. Stephen brings a wealth of experience and I am confident he will rapidly extend our footprint, expand our partner eco-system and continue to help our customers achieve their business goals with the rich set of products and solutions that Progress offers.”

McNulty said, “Progress has an impressive portfolio of customers and channel partners which include almost 90 percent of the Fortune 100 companies. IT spending in Asia Pacific is forecasted to grow by 26 percent to more than $3billion this year according to IDC, , I am confident that there are a number of opportunities for Progress to strengthen its business in this region as we focus on Big Data, mobility and the cloud. Progress also has a solid channel partner ecosystem and I look forward to working with the stellar team and partners to further strengthen our relationships.”