Progress Software tests new AI connector for OpenEdge platform

BURLINGTON, Mass. - Progress Software (NASDAQ:PRGS), a technology company with impressive gross profit margins of 85.71% and strong revenue growth of 22.1% in the last twelve months, announced on Monday that it has begun early customer testing of its OpenEdge MCP Connector for ABL, a new integration tool designed for users of its OpenEdge platform.

The connector combines Generative AI and Retrieval-Augmented Generation (RAG) technologies to provide domain-specific coding support for the OpenEdge Advanced Business Language (ABL). According to the company’s press release, the tool aims to help developers with coding guidance, refactoring support, and documentation generation. InvestingPro analysis shows the company is well-positioned for growth, with net income expected to increase this year.

"Generic AI tools struggle with ABL due to limited training data and lack of domain context," said John Ainsworth, EVP and General Manager of Application and Data Platform at Progress Software.

The MCP Connector integrates with development environments including Visual Studio Code, Windsurf, and Cursor. It allows developers to access domain-specific data and business logic while automating tasks such as code generation and unit testing.

Early testers have reported positive feedback. Tony Prettyman, Practice Leader at DMSi, noted the connector’s flexibility in utilizing either Progress documentation or markdown files directly. Mike Fechner, Director of Consultingwerk, stated that the tool has become "a key pillar" of their application modernization strategy.

Mike Liewehr, CEO of Build.One, described the early productivity improvements as "impressive and promising."

The connector is currently being tested by OpenEdge partners and customers, with no specific release date mentioned in the company’s statement.

Progress Software provides AI-powered digital experience and infrastructure software and is listed on the Nasdaq exchange. With a market capitalization of $1.81 billion, the company’s stock is currently trading near its 52-week low of $40.29, and InvestingPro analysis indicates the stock is undervalued. For detailed insights and access to 8 additional ProTips about Progress Software, visit InvestingPro, where you’ll find comprehensive Pro Research Reports covering what really matters for smarter investing decisions.

In other recent news, Progress Software Corporation announced the release of Flowmon ADS 12.5, an updated version of its network anomaly detection system featuring AI-driven capabilities. This new version includes AI-powered threat briefings, expert-level recommendations, and enhanced visualization tools to improve threat detection and incident response processes. Additionally, Progress Software expanded its AI-powered developer capabilities in the Q3 2025 release of its Telerik and Kendo UI toolsets, extending AI Coding Assistants technology across major UI component libraries and introducing it to Telerik Reporting and Progress Document Processing for the first time.

Progress Software also announced an increase in its revolving credit facility to $1.5 billion, up from $900 million, through a Fifth Amended and Restated Credit Agreement. The agreement extends the maturity date to July 31, 2030, with $660 million in revolving credit loans outstanding as of the closing date. On the analyst front, Citi lowered its price target on Progress Software to $57, maintaining a Neutral rating, citing softer-than-expected cash flow and declining license revenue. In contrast, DA Davidson raised its price target to $75, reiterating a Buy rating due to the company’s consistent business strength in its latest quarterly report. These developments reflect the dynamic landscape surrounding Progress Software as it navigates various strategic initiatives and market perceptions.

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