April 2007

Welcome to EasyNews, your monthly e-resource for Progress Software information and news. If you prefer, you may view this issue online, or browse the archives

Industry Updates
Almost 75% of Retailers Say Increasing Conversion Rate is Top Priority

During a recent discussion focused on improving conversion rates in online retail, Rob Garf, Vice President, Retail Strategies for AMR Research stated that 73% of retailers recently surveyed by AMR Research say that improving online conversion rates is their top priority this year.

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Redcats Deploy a Single eCommerce Platform Worldwide

Agile Competitor in Online and Catalog-based Retailing Leverages Site Search, Merchandising and Navigation from Progress EasyAsk. Redcats USA is a subsidiary of PPR, a nearly €18 billion corporation headquartered in France. Besides Redcats brands that include Woman Within /Lane Bryant, and Jessica London, PPR’s collection of well-known brands includes international retailers such as Printemps, Gucci, YvesSaintLaurent, and Stell/McCartney. Recently, Redcats participated in a global eCommerce Webcast for online retailers. This is a recap of the presentation provided by Milton Pappas, EVP of Marketing and eCommerce.

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B2B eCommerce – It’s Not Just for Retailers Anymore

During a recent Webcast focused on Increasing the Effectiveness of the Online Channel for B2B companies such as manufacturers and service providers, Rob Bois Research Director, Customer Management for AMR Research stated that B2B companies can take a few lessons from their B2C counterparts.

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Progress Launches New Retail Blog
Progress launched a new Weblog (blog) focused on issues, innovations, and commentary on the retail market. The new blog is focused on both business and technical topics affecting the retail industry. In the new retail blog you will find opinions, industry events, new ideas and up-to-date information. Although the blog is sponsored by Progress it is designed to be an industry forum and portal. Thoughts, postings, and ideas expressed in the blog belong to the individual posters and do not represent the views or opinions of Progress Software.
 

Progress in the News
Progress EasyAsk Customers Achieve Top Online Retail Conversion Rates According to Nielsen//NetRatings
Latest Holiday Sales Reveal EasyAsk Integrated Search, Navigation and Merchandising Platform Helps Customers Outpace the Competition by Converting More Browsers into Buyers

Progress Software Corporation (NASDAQ: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, today announced that retailers using the Progress(R) EasyAsk(R) E-commerce platform significantly outpaced their competition in online sales conversion during the 2006 holiday shopping season, according to research from Nielsen//NetRatings(1). Additionally, retailers using the EasyAsk platform achieved the highest online conversion rates among all users of commercially available E-commerce search and navigation technologies during nine of the 12 months in 2006.

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Progress Software Reports First Quarter Results
Progress Software Corporation announced results for its first quarter ended February 28, 2007. Revenue for the quarter was $115 million, up 11 percent (6 percent at constant currency) from $104 million in the first quarter of fiscal 2006. Software license revenue increased 5 percent (flat at constant currency) to $44.7 million from $42.8 million in the same quarter last year. "We achieved double-digit growth in total revenue for the first quarter, with a 23 percent increase in non-GAAP earnings per share. Our Progress OpenEdge division and particularly our DataDirect Technologies division performed extremely well this quarter," stated Joseph Alsop, Co-Founder and Chief Executive Officer of Progress Software. "Revenue in our Enterprise Infrastructure product line grew 7 percent this quarter, with our newer products comprising Sonic, Apama, and DataXtend demonstrating solid combined growth exceeding 25 per cent. Our outlook for the balance of the year remains solid."
 

In this Issue
Industry Updates
Almost 75% of Retailers Say Increasing Conversion Rate is Top Priority
Redcats Deploy a Single eCommerce Platform Worldwide
B2B eCommerce – It’s Not Just for Retailers Anymore
Progress Launches New Retail Blog
Progress in the News
Progress EasyAsk Customers Achieve Top Online Retail Conversion Rates According to Nielsen//NetRatings
Progress Software Reports First Quarter Results

Events
'Learn about the industry's most complete natural language data search and query technology from Progress EasyAsk.
Click here for a demo'


Internet Retailer 2007 Conference & Exhibition
San Jose Convention Center June 4 - 7, 2007

Join Progress EasyAsk at the Retail Industry event of the year --Internet Retailer 2007. Visit Progress EasyAsk in booth 933 to learn more about the eCommerce product for site search, navigation and merchandising.
 
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Survey
B2B Survey

Do You Think that B2B Merchandisers Can Take a Few Lessons from Online Retailers?

Yes. We are a B2B Company that needs some eCommerce lessons

Yes, We are a B2C Company with a lot of experience

No, we are a B2B company that can teach Retailers a thing or two

No, we are a B2C company and have seen some B2B companies that are well-advanced.

 [See Results]

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Copyright © 2007 by Progress Software Corporation. All rights reserved.
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