Progress Software Corporation (PRGS) Co-Founder and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell

Company Celebrates 25th Anniversary of Incorporation


ADVISORY, Dec. 26, 2006 (PRIME NEWSWIRE) --



 What:
 Joseph W. Alsop, Co-Founder & CEO of Progress Software Corporation
 (PRGS), will preside over the opening bell to celebrate the Company's
 25th anniversary of incorporation.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Wednesday, December 27th, 2006 at 9:30 a.m. EST

 Contacts:
 Stacey Redden Dore
 IR
 781.280.4000
 sdore@progress.com

 NASDAQ MarketSite:
 Jolene Libretto; 646.441.5220
 Jolene.Libretto@nasdaq.com

Feed Information:

The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Photos:

To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.

About Progress Software Corporation (PRGS):

Progress Software Corporation (Nasdaq:PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

Progress, OpenEdge, Sonic ESB and Progress OpenEdge are registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.