Progress Software Corporation (PRGS)’s 4th Quarter 2014 Earnings Conference Call Transcript

In the Sitefinity Web Content Management Solution – getting access to data for your intuitive intelligent analytical websites is also another area. I could go down a long list on the data side. Corticon has a rules engine – using rules and calling rules through our Rollbase application, for example, is another synergy. Using rules along with Sitefinity, so, you can have an intelligent website – a website that enables somebody who is looking for a mortgage to qualify themselves – requires some pretty intricate rules. You can combine the Sitefinity solution with our Corticon rules and allow prospective mortgage applicants to qualify themselves and then build in workflow behind that so that it goes to a mortgage processor. On the mobile side, again, data access is critical – building mobile applications requires highly intuitive user interfaces, so, there is another area that I could build on.

It’s really exciting for us to bring our engineers together to look at all the different solutions we have, look at the market demand and the needs that they have – and I am pretty excited about what the opportunities are in 2015. Having said all that, it’s really critical that we focus on continuing the momentum in each of these point solutions. I don’t want to just say, hey, the future looks bright, we have got to build all this stuff or integrate this stuff. We have an enormous amount that’s available to sell today, a large percentage of which as I mentioned in my prepared remarks are being sold with no touch. We’ll continue that momentum. We’ll continue those growth rates but at the same time, the opportunity for us to accelerate those growth rates by the synergies that I just described, I think, will add to our opportunities as we look towards the latter part of 2015, going into 16.

Steve Koenig, Wedbush Securities

Thank you very much, gentlemen.

Phil Pead, President and Chief Executive Officer

You’re welcome, Steve.

Operator

We will go next to Mark Schappel with Benchmark.

Mark Schappel, Benchmark

Hi. Good evening. Thanks for taking my call. Phil, I was wondering if you could provide a little bit more color around the large deal that you signed an APJ?

Phil Pead, President and Chief Executive Officer

Yeah. This is a long-time customer of ours that is expanding, they are in a growth business in APJ, and we have been working with them for well over a year, and it all came together for us in the 4th Quarter. So it’s a nice relationship as we go into 2015. We think we are going to be able to expand it into other solutions.