Anthony Folger on acquisitions
From Progress Then & Now: Bud Robertson & Anthony Folger Discuss 40 Years of Progres · · Progress Software
“When you buy companies that are 20, 40, 60 million dollars and they don't have presence outside North America, you can grow them double digits by opening new geographies and leveraging in-house expertise.”
On , Anthony Folger, Executive Vice President & Chief Financial Officer at PROGRESS SOFTWARE CORP, spoke about acquisitions during Progress Then & Now: Bud Robertson & Anthony Folger Discuss 40 Years of Progres on Progress Software.
About Anthony Folger
Anthony Folger, Executive Vice President and Chief Financial Officer of Progress Software, participated in a discussion with former CFO Bud Robertson in September 2022, celebrating the company's 40th anniversary and 30 years as a public company. Folger noted that the business partnering aspect of finance remains effective at Progress, stating that the structure has "stayed in place and retained a good relationship with the business." He described the company's employee stock purchase plan as "the most generous I've ever seen at any company" and recommended that employees enroll immediately. Folger also reflected on the company's growth strategy, which involved acquiring companies that could grow double digits and integrating them efficiently, and highlighted the strong culture that has kept employees motivated. In a separate appearance from the same period, Folger was featured in a video titled "Progress CEO Talks: What is Progress," which outlined the company's mission to provide software products for developing, deploying, and managing high-impact applications. The video described Progress as serving over 3.5 million developers, designers, data scientists, and DevOps experts, and emphasized the company's focus on customer experience, data leverage, automation, and security. Folger's remarks in the discussion with Robertson underscored his focus on financial strategy, employee benefits, and the company's long-standing culture.