Progress Software gives a boost to Innovation at IIT Hyderabad

Signs an MoU with IIT -H to support Industry Academia Interaction - Encouraging innovation and entrepreneurial skills amongst the young generation. End Quote

(1888PressRelease) March 21, 2013 - Hyderabad, - Progress Software (NASDAQ: PRGS), A leading global software company that simplifies and enables the development, deployment of business applications; has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT) Hyderabad, to promote innovation and product entrepreneurial skills amongst the students. Mr. Ramesh Loganathan, Vice President - Products and Center Head, Progress Software Hyderabad signed the MoU with IIT - H.

Progress Software globally runs a specially designed program named Progress University Programme (PUP) - a worldwide initiative to build relationships with colleges and universities around the world so as to create a knowledge base in the industry and enable the institutes to get the best of industry exposure through Progress' campus initiatives. Under this MoU, Progress supports academic incubation centers, internship programs; tech talks etc which helps in growing a pool of skilled professionals. Progress Software, through this initiative aims to engage fresh talent and make them industry ready as per the current requirements of the industry. This also enables the institutes to set up a platform where in innovators and entrepreneurs are provided with a practical industry experience with the help of Progress Software.

"We've put together what we believe is the industry's most innovative educational and research programs," says Mr. Ramesh Loganathan, Vice President - Products and Center Head, Progress Software Hyderabad who is also engaged with the institute as a guest faculty delivering a fractional-credit course on Innovation; "With this relationship with IIT-H, we aim to further promote relevant research projects, research oriented Startups in the institute and enhance the innovation ecosystem through talks, lectures on product architectures and Progress technologies and if required, we shall also engage the institute's faculty on a commissioned project." he added.

As part of the MOU, Progress will also provide students with a collaborative environment that offers a hands-on experience to develop real-world business solutions with their technology. This partnership with IIT-H is a wonderful opportunity for students to work as Summer Interns on their idea prototypes and will enable IIT-H's student-startups to use Progress' solutions and platforms.

About Progress Software: Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur - to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment - all supporting on-premises and SaaS/Cloud deployments. Progress Software maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership.

Progress Software can be reached at www.progress.com.

For further information, contact Perfect Relations
Varsha Hegde
7702278958
Vishal Thapa
9701834446

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