ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Progress Software Expands Presence in Costa Rica with New Center of Excellence

Company doubles local workforce, enhancing customer success, technical support, sales, human resources and operations across its AI-powered product portfolio

SAN JOSÉ, Costa Rica, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the opening of its new Center of Excellence (CoE) in Heredia, Costa Rica. This marks a key milestone in Progress’ global growth strategy and deepens its commitment to delivering high-quality products, services and support to its customers and partners worldwide.

Located in Centro Corporativo El Cafetal, the new 1,562-square-meter facility will serve as a strategic hub for technical support, customer success, sales and corporate functions. Building on Progress' existing presence in Costa Rica through its acquisition of ShareFile, the new facility represents a significant expansion to support the company’s growing portfolio of AI-powered solutions.

“Our new Center of Excellence in Costa Rica is part of a strategy to build regional hubs that enable us to serve our customers better,” said Yogesh Gupta, CEO, Progress Software. “Costa Rica’s skilled workforce and location enable us to serve our global customers with the speed and expertise they expect.”

As part of this expansion, Progress has doubled its workforce in Costa Rica, growing teams across customer success, support, sales, human resources and workplace operations. The CoE will also provide localized services for customers in the Caribbean and Latin America (CALA) region.

“This new center is a testament to our long-term investment in the CALA region,” said Francisco Larez, VP of Sales, CALA, Progress Software. “It strengthens our ability to support regional growth, empowers local teams and creates new opportunities to deliver value to our customers through deeper market understanding and localized expertise.”

A ribbon-cutting ceremony is scheduled for today at the new facility.

“We are proud to welcome Progress to Costa Rica’s dynamic technology sector,” said Marianela Urgellés, Managing Director, CINDE. “This investment expands Progress’ footprint in Latin America and strengthens Costa Rica’s role in driving digital transformation—integrating AI with expertise in cloud, software development, digital marketing, big data and more, while creating meaningful employment opportunities.”

As part of its commitment to the region, Progress is also launching a philanthropic initiative in partnership with Fundación Llovera, a local nonprofit dedicated to the social and labor reintegration of unhoused individuals. Employees recently assembled and donated hygiene kits to support the organization’s mission—underscoring Progress’ dedication to making a positive impact in the communities where it operates.

About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

Progress and ShareFile are trademarks or registered trademarks of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners. 

Press Contact:
Kim Baker
Progress Software
+1-800-477-6473
pr@progress.com

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/810060c2-c635-4d18-9d4d-3aad231f074c


Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.20
+0.00 (0.00%)
AAPL  273.47
+0.00 (0.00%)
AMD  258.89
+0.00 (0.00%)
BAC  54.11
+0.00 (0.00%)
GOOG  287.43
+0.00 (0.00%)
META  609.01
+0.00 (0.00%)
MSFT  511.14
+0.00 (0.00%)
NVDA  193.80
+0.00 (0.00%)
ORCL  226.99
+0.00 (0.00%)
TSLA  430.60
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.