Progress Software Collaborates with SingTel to Launch Progress(R) OpenEdge(R) Award Winning Cloud Platform for Application Development
SINGAPORE, Aug. 30, 2012 /PRNewswire-Asia/ -- Global software company, Progress Software Corporation (NASDAQ: PRGS), in collaboration with Singapore Telecommunications Ltd (SingTel), announced today the launch of an innovative cloud-based infrastructure for Independent Software Vendors to build, test, manage and deploy their applications for their businesses.
In line with Progress Software's new strategic plan to be a leading platform provider for the next-generation, context-aware applications in the Cloud, the collaboration will enable software developers to deploy, access and analyze applications in the Cloud using the Progress® OpenEdge® application development platform to achieve the industry's fastest time-to-value.
Keith Budge, Vice President and Managing Director for Asia Pacific and Japan, Progress Software, noted: "We are proud to collaborate with SingTel as this bolsters our strategy to provide new and existing application partners a singular, unified platform to build and deploy applications in the cloud. We look forward to working closely with SingTel in offering cloud infrastructure to our clients in Singapore and the region as a whole."
The Asia Pacific Platform-as-a-Service (PaaS) market is attracting considerable interest from businesses due to the flexibility it brings to application development and Software-as-a-Service (SaaS), with Frost & Sullivan projecting that the market will grow to reach US$523 million in 2016. The high level of flexibility and the ability to reduce costs while developing, testing, and deploying new applications is creating a strong case for PaaS adoption in the region. Market adoption of SaaS is expected to grow at a CAGR of 20% with one third of all businesses in Singapore adopting SaaS by 2015, while the Infrastructure-as-a-Service (IaaS) market is expected to grow at a CAGR of 21% and will be led mainly by medium and large businesses.
The OpenEdge® platform is supported by SingTel's on-demand cloud service, called PowerON, which can be scaled to the needs of users in minutes. PowerON is SingTel's end-to-end suite of cloud-based services and solutions covering Applications-on-Demand, Infrastructure-on-Demand, Connectivity-on-Demand and Managed Services-on-Demand.
Alvin Kok, Head of Infocomm Services, SingTel, said, "Businesses are already reaping the benefits from cloud computing as many applications can now be accessed through the cloud within their organisations. By harnessing SingTel's cloud capabilities and the Progress® OpenEdge® platform, Independent Software Vendors can increase their productivity, lower operating expenditure and enhance their agility. This will enable them to develop applications and bring them to the market more easily and quickly."
The Progress® OpenEdge® application platform is a comprehensive development platform, that is ideal for building dynamic, business process-enabled software applications. It is also one of the world's leading embedded databases to ensure the high availability and scalability demanded by SaaS business applications.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. Progress can be reached at www.progress.com or +65 6303 5000.
Progress® and OpenEdge® 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.
About SingTel
SingTel is Asia's leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms as well as infocomm technology and pay TV. The Group has presence in Asia and Africa with 462 million mobile customers in 26 countries, including Bangladesh, India, Indonesia, Pakistan, the Philippines and Thailand.