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Progress Software Names Gupta as New CEO Replacing Pead

Shares of software development tools maker Progress Software (PRGS) are up 2 cents in late trading at $27.72, after the company this afternoon announced that its CEO, Phil Pead, will retire, handing the reins to Yogesh Gupta, who previously served as CEO of startups such as Kaseya, a cloud software operator for IT management, and FatWire Software, a vendor of “web experience management software.
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