August 9, 2024 at 01:34PM
Progress (Nasdaq: PRGS) announced that the Securities and Exchange Commission’s fact-finding investigation into the MOVEit vulnerability has concluded without enforcement action recommended at this time. Progress received a subpoena on Oct. 2, 2023, from the SEC. The company empowers organizations with AI-powered infrastructure software to achieve transformational success in a rapidly changing environment. For more information, visit www.progress.com.
Based on the meeting notes, the key takeaways are:
1. Progress (Nasdaq: PRGS) has been cleared by the Securities and Exchange Commission’s Division of Enforcement (SEC) regarding the MOVEit vulnerability. The SEC does not intend to recommend an enforcement action against the company at this time.
2. The fact-finding investigation into the MOVEit vulnerability, which began with a subpoena from the SEC on October 2, 2023, has now been concluded.
3. Progress empowers organizations to achieve transformational success in the face of disruptive change by providing AI-powered infrastructure software that enables customers to develop, deploy, and manage responsible AI-powered applications and experiences with agility and ease.
4. Over 4 million developers and technologists at hundreds of thousands of enterprises rely on Progress for its products, expertise, and vision to succeed in their endeavors.
For more information about Progress, please visit their website at www.progress.com.