Progress Software gets funding to expand

Nadya Bell
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Business Attraction Fund money goes to 10 new hires

Progress Software will hire 10 new software engineers in the next five years, thanks to a $325,000 contribution from the provincial Department of Business to help pay their wages.

Paul Oram, minister of business, made the announcement Wednesday morning at the Progress Software Corp. office on Newfoundland Drive.

Shannon Curnew, an employee of Progress Software, does some work at the company's offices in St. John's Wednesday. The company will hire additional employees with the help of a $325,000 contribution from the provincial government. - Photo by Keith Gosse/T

Progress Software will hire 10 new software engineers in the next five years, thanks to a $325,000 contribution from the provincial Department of Business to help pay their wages.

Paul Oram, minister of business, made the announcement Wednesday morning at the Progress Software Corp. office on Newfoundland Drive.

"By supporting Progress's growth here, our government is demonstrating its commitment to partnering with companies to increase inward investment and broaden the province's business space in key sectors," Oram said.

"I believe the company's expansion locally is an indication that Newfoundland and Labrador can offer what the IT industry is looking for and I wish them every success in the future," he said.

Progress is an American company headquartered in Bedford, Mass., that develops application infrastructure software used by more than 60,000 organizations around the world.

Their small St. John's office will grow by 50 per cent over the next five years with the new jobs.

Committed company

Ellen Daniels, vice-president of product operations and planning, said she is proud of the agreement with the government, and of the company's commitment to the local economy and improved technology.

"We're very impressed with the talent of the employees that we have here in Newfoundland and we really wanted to expand that so that they could continue to add more value to more products as we move forward. Our product suite has expanded and we want the Newfoundland office to be a critical part of that expanding role," Daniels said.

"The agreement between Progress and the Department of Business represents a continuation of the strategy of creating a global engineering force and to hire the best employees from around the globe," she said.

The company hopes to work with Memorial University and other post-secondary institutions to recruit people for the new jobs, as well as looking for people who have experience in the field.

The provincial government money comes from the province's Business Attraction Fund, and according to hiring targets, will pay a percentage of salaries.

Anyone interested in applying for the positions should check out the company's website or contact their head office in Bedford.

nbell@thetelegram.com

Organizations: Progress Software Corp., Department of Business, Business Attraction Fund

Geographic location: Newfoundland and Labrador, Bedford, Mass., St. John's Bedford

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Recent comments

  • Ted
    July 02, 2010 - 13:33

    Lovely, another corporate welfare check.

    If this is such a viable business then I'd guess that venture capital companies would give them something. When you have to resort to gov't funding, then it's a sure sigh that no one else will pony up the money because of the risk.

  • Grant
    July 02, 2010 - 13:26

    I thought I'd write a quick comment regarding the governments generous contribution to this BOSTON based company with an office here in NL.
    It is indeed a great thing to offer financial compensation to expanding companies which are promissing to employ 10 people over the next 5 years...
    I can't help but think....
    Who is offering help to the Newfoundland based companies which are fighting against the odds; to stay afloat in the software industry?
    Just a thought... But that money could have easily helped Newfoundland companies employ Newfoundlanders... Maybe even allow NL companies to expand into Boston??? hahaha
    In todays economy, any assistance in the form of Cash would be a tremendous incentive to hire programmers, wouldn't you say?
    Just venting I suppose!!!!
    :)

  • David
    July 02, 2010 - 13:23

    I agree with Grant. I'm going to have to start researching how to get the NL gov't to give my small company money to expand. If I had the $60,000 I'm paying my 2 employees we could expand a lot quicker. Then again I am not a tech company or oil or manufacturing and I'm not from outside the province so I might as well forget it.

  • Timboy
    July 02, 2010 - 13:13

    will hire 10 new software engineers in the next five years

    So 2 jobs a year created here! Let's HAVE a party!

  • r
    July 02, 2010 - 13:11

    This company has been around a fair amount of time and I would not consider this Venture Capital Comapny (ie a Junior Mining stock on the VSE)

    They employee 1,600 employees in over 90 countries and are listed on the NASDAQ stock exchange. They have been in business since 1981.

    Will they stay in Newfoundland long term? Good question..... but 20 staff at an average salary of at 50,000 K a year..( a guess) . I think it is worth it.

    Of course things *could* work out and they will hire more than the 20 people they tend to employ.

  • Ted
    July 01, 2010 - 20:22

    Lovely, another corporate welfare check.

    If this is such a viable business then I'd guess that venture capital companies would give them something. When you have to resort to gov't funding, then it's a sure sigh that no one else will pony up the money because of the risk.

  • Grant
    July 01, 2010 - 20:14

    I thought I'd write a quick comment regarding the governments generous contribution to this BOSTON based company with an office here in NL.
    It is indeed a great thing to offer financial compensation to expanding companies which are promissing to employ 10 people over the next 5 years...
    I can't help but think....
    Who is offering help to the Newfoundland based companies which are fighting against the odds; to stay afloat in the software industry?
    Just a thought... But that money could have easily helped Newfoundland companies employ Newfoundlanders... Maybe even allow NL companies to expand into Boston??? hahaha
    In todays economy, any assistance in the form of Cash would be a tremendous incentive to hire programmers, wouldn't you say?
    Just venting I suppose!!!!
    :)

  • David
    July 01, 2010 - 20:09

    I agree with Grant. I'm going to have to start researching how to get the NL gov't to give my small company money to expand. If I had the $60,000 I'm paying my 2 employees we could expand a lot quicker. Then again I am not a tech company or oil or manufacturing and I'm not from outside the province so I might as well forget it.

  • Timboy
    July 01, 2010 - 19:51

    will hire 10 new software engineers in the next five years

    So 2 jobs a year created here! Let's HAVE a party!

  • r
    July 01, 2010 - 19:47

    This company has been around a fair amount of time and I would not consider this Venture Capital Comapny (ie a Junior Mining stock on the VSE)

    They employee 1,600 employees in over 90 countries and are listed on the NASDAQ stock exchange. They have been in business since 1981.

    Will they stay in Newfoundland long term? Good question..... but 20 staff at an average salary of at 50,000 K a year..( a guess) . I think it is worth it.

    Of course things *could* work out and they will hire more than the 20 people they tend to employ.