Progress Software Launches Agentic RAG: A User-Friendly RAG-as-a-Service Platform for Transforming Unstructured Data into Actionable Intelligence

Progress Software launches Agentic RAG, a no-code AI platform for transforming unstructured data into actionable insights.

Quiver AI Summary

Progress Software has launched Progress® Agentic RAG, a Retrieval-Augmented Generation (RAG) platform aimed at making generative AI accessible and reliable for businesses of all sizes. This new Software as a Service (SaaS) offering allows organizations to transform unstructured data into actionable insights while providing a user-friendly, no-code solution that requires minimal expertise to implement. Progress Agentic RAG enhances data management and retrieval capabilities and supports various data formats and languages. It aims to empower users to extract valuable insights quickly and accurately, thereby improving productivity and decision-making. The platform is now available on AWS Marketplace, starting at $700 per month, making it a cost-effective option for small businesses and teams.

Potential Positives

Progress Software has launched the Progress® Agentic RAG platform, marking a significant advancement in making generative AI accessible and affordable for businesses of all sizes.
The platform offers a no-code solution for managing unstructured data, enabling organizations to derive actionable insights more efficiently and effectively.
Progress Agentic RAG is designed to integrate with leading enterprise-ready Large Language Models (LLMs), providing flexibility and control for users in their AI applications.
The product is already being used across various industries to accelerate sales cycles and enhance productivity, indicating strong market demand and applicability.

Potential Negatives

The press release emphasizes the need for organizations to address overwhelming data growth, which may suggest existing challenges in managing data effectively within the industry.
The company's reliance on the previous Nuclia platform for launching Progress Agentic RAG could indicate that the new product is not a completely original development, raising questions about its uniqueness and competitive edge.
The mention of traditional RAG offerings requiring sophisticated expertise and resources may highlight potential barriers for smaller organizations to adopt similar technologies, even with the new platform's claims of ease of use.

FAQ

What is Progress Agentic RAG?

Progress Agentic RAG is a SaaS platform designed for Retrieval-Augmented Generation, empowering organizations to use GenAI for actionable insights.

How does Progress Agentic RAG improve productivity?

The platform enables fast, accurate insights from unstructured data, streamlining decision-making and enhancing overall productivity.

Who can benefit from Progress Agentic RAG?

Diverse users from small businesses to global enterprises can leverage Progress Agentic RAG to manage data effectively.

What are the key features of the platform?

Key features include no-code RAG pipeline, intelligent search, multi-model integration, and built-in RAG evaluation metrics.

How can I access Progress Agentic RAG?

Progress Agentic RAG is available on AWS Marketplace and at Progress.com, with pricing starting at $700/month.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$PRGS Congressional Stock Trading

Members of Congress have traded $PRGS stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $PRGS stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/10 and 1 sale worth up to $15,000 on 07/16.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$PRGS Insider Trading Activity

$PRGS insiders have traded $PRGS stock on the open market 13 times in the past 6 months. Of those trades, 3 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:

LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 3 sales selling 34,093 shares for an estimated $2,083,082.
DOMENIC LOCOCO (Chief Accounting Officer) sold 7,185 shares for an estimated $410,407
ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 2 sales selling 5,529 shares for an estimated $292,871.
DAVID KRALL purchased 5,125 shares for an estimated $250,612
IAN PITT (Chief Information Officer) has made 0 purchases and 2 sales selling 2,889 shares for an estimated $182,120.
YOGESH K GUPTA (Chief Executive Officer) purchased 2,100 shares for an estimated $103,194
YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $83,209
RAINER GAWLICK purchased 1,710 shares for an estimated $74,350
SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 501 shares for an estimated $30,210

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PRGS Hedge Fund Activity

We have seen 171 institutional investors add shares of $PRGS stock to their portfolio, and 186 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SCHRODER INVESTMENT MANAGEMENT GROUP removed 296,767 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,286,468
WELLINGTON MANAGEMENT GROUP LLP removed 271,202 shares (-20.0%) from their portfolio in Q2 2025, for an estimated $17,313,535
LSV ASSET MANAGEMENT removed 255,470 shares (-66.6%) from their portfolio in Q2 2025, for an estimated $16,309,204
BLACKROCK, INC. removed 252,935 shares (-3.6%) from their portfolio in Q2 2025, for an estimated $16,147,370
MACQUARIE GROUP LTD removed 239,377 shares (-22.2%) from their portfolio in Q2 2025, for an estimated $15,281,827
MILLENNIUM MANAGEMENT LLC added 238,779 shares (+138.9%) to their portfolio in Q2 2025, for an estimated $15,243,651
RENAISSANCE TECHNOLOGIES LLC removed 198,400 shares (-36.8%) from their portfolio in Q2 2025, for an estimated $12,665,856

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$PRGS Analyst Ratings

Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

DA Davidson issued a "Buy" rating on 07/01/2025
Wedbush issued a "Outperform" rating on 07/01/2025
Guggenheim issued a "Buy" rating on 04/01/2025

To track analyst ratings and price targets for $PRGS, check out Quiver Quantitative's $PRGS forecast page.

$PRGS Price Targets

Multiple analysts have issued price targets for $PRGS recently. We have seen 4 analysts offer price targets for $PRGS in the last 6 months, with a median target of $75.0.

Here are some recent targets:

Fatima Boolani from Citigroup set a target price of $57.0 on 07/15/2025
Lucky Schreiner from DA Davidson set a target price of $75.0 on 07/01/2025
Daniel Ives from Wedbush set a target price of $75.0 on 07/01/2025
John Difucci from Guggenheim set a target price of $83.0 on 04/01/2025

Full Release

Following its acquisition of Nuclia, Progress introduces the easiest-to-use, RAG-as-a-Service platform—empowering companies to transform unstructured data into actionable intelligence using trustworthy GenAI

BURLINGTON, Mass., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the launch of Progress® Agentic RAG , a SaaS Retrieval-Augmented Generation (RAG) platform designed to make trustworthy and verifiable generative AI accessible across organizations and teams of all sizes. This launch marks a major milestone in affordable AI innovation for organizations looking to get the benefits of Large Language Models (LLMs) with results based on real business data. The new platform expands Progress’ portfolio of end-to-end data management, retrieval and contextualization solutions that empower businesses to leverage all their data to gain a competitive edge.

Today, all businesses contend with overwhelming and exponential growth in unstructured and structured data across different formats and languages. To improve business outcomes and productivity, organizations, teams and individuals seek to extract meaningful insights from an endless array of documents, video, audio and other disparate sources that usually remain siloed or hard to find. Using GenAI without the context of all available business data leads to unreliable answers that aren’t useful to organizations. In addition, traditional RAG offerings require sophisticated expertise and significant resources to implement and run. Progress Agentic RAG changes the game by delivering traceable and intuitive GenAI-powered search that is simple to set up, easy to use and affordable for businesses of any size.

“Progress Agentic RAG is redefining how businesses interact with their data,” said Yogesh Gupta, CEO of Progress Software. “By combining agentic intelligence with retrieval-augmented generation, we’re making AI practical, scalable and trustworthy for every organization. This platform unlocks the power of unstructured data—across formats and languages—through verifiable, no-code AI search. We believe Progress Agentic RAG is the easiest-to-use solution on the market today for helping businesses extract real value from GenAI.”

Progress Agentic RAG serves diverse users, from small businesses to global enterprises, leveraging intelligent AI agents that ingest, retrieve and reason across all content types with speed, transparency and precision. Its flexible SaaS deployment model minimizes barriers to adoption, making transformative AI both accessible and affordable.

“Progress Agentic RAG, which we started using as Nuclia, has fundamentally changed how we access and act on information across our organization,” said Patrick Garcia, Chief Digital, AI & Innovation Officer, SRS Distribution. “Its ability to deliver fast, accurate and verifiable insights from our unstructured data has been a game-changer for productivity and decision-making.”

Key Features of Progress Agentic RAG platform:

No-Code RAG Pipeline : Agent-powered and streamlined ingestion, indexing and retrieval across multilingual text, audio, video and other formats.
Intelligent Search : Enables the delivery of AI search and generative answers on top of unstructured data, providing knowledge in the form of trusted answers, in almost any language, from almost any data.
Deploy AI agents seamlessly : The only RAG platform specifically designed to deliver reliable and scalable retrieval functionalities to AI agents.
Multi-Model Integration : Supports all leading enterprise-ready Large Language Models (LLMs), offering full user control over the choice of LLM.
Purpose-built Database for RAG : Underpinned by NucliaDB, which, in addition to storing vectors, has built-in semantic search, keyword search, metadata search, knowledge graph traversal and multi-modal understanding—all needed to produce coherent, trusted, human-grade answers.
RAG Evaluation Metrics (REMi) : Built-in tools to support traceability and consistent answer quality.

“Agentic AI is reshaping how organizations interact with data and drive decision-making,” said Amy Machado, Senior Research Manager at IDC. “Cost-effective solutions like Progress Agentic RAG that are built for easier deployment can help businesses unlock productivity and innovation and be at the forefront of this transformation—regardless of their size."

Already deployed across industries, Progress Agentic RAG is accelerating sales cycles through AI-driven product recommendations, powering automated customer support through high-quality responses and arming legal teams with precise semantic research. Organizations are further using the platform to preserve institutional knowledge, streamline onboarding and securely query sensitive data—driving faster workflows and smarter decision-making.

Progress Agentic RAG platform is available now as a self-service offering on AWS Marketplace, as well as at Progress.com. Pricing starts at $700/month, providing small businesses, departmental teams and individuals the immediate power to transform unstructured data into actionable intelligence at an affordable price.

For more information or to start a free trial, visit https://www.progress.com/agentic-rag.

About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com .

Progress is a trademark or registered trademark of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contacts:
Kim Baker
Progress Software
+1-800-477-6473
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c1fc6b7-a553-4c0b-a0bd-76100662a285