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ShareFile Named a Visionary in 2024 Gartner® Magic Quadrant™ for Document Management

1. Progress ShareFile recognized as a Visionary by Gartner's 2024 Magic Quadrant. 2. ShareFile enhances productivity and security with AI-powered capabilities. 3. Progress aims to improve organizational collaboration with advanced document management solutions. 4. 70%-80% of enterprise information is unstructured, creating challenges for organizations.

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Why Bullish?

Gartner's recognition can enhance credibility and attract new customers, reflecting positively on PRGS. Historical data shows similar recognition led to market value increases for tech firms.

How important is it?

The article highlights significant product advancements and market positioning that can directly influence investor sentiment and future growth.

Why Long Term?

Sustained growth from ShareFile's features and adoption will take time to materialize, impacting PRGS positively as AI evolves.

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ShareFile is recognized for its completeness of vision and ability to execute BURLINGTON, Mass., March 25, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that Progress® ShareFile® has been recognized by Gartner as a Visionary in the 2024 Gartner Magic Quadrant for Document Management1. Recently acquired by Progress, ShareFile was one of 15 vendors evaluated in the report based on its “Ability to Execute” and “Completeness of Vision.” “ShareFile’s advanced document management and collaboration solutions streamline organizations’ workflows, enhance productivity with AI features and harden security layers while delivering outstanding client experiences,” said Loren Jarrett, EVP & GM of Digital Experience at Progress. “To us, this recognition from Gartner underscores ShareFile's transformative value in helping organizations work smarter, collaborate better and delight their customers.” Gartner defines document management as “the tools and practices used to capture, store, process and access documents and content in support of personal, team and enterprise needs. It is used for a wide range of collaborative and operational purposes, enabling the digital workplace, content collaboration, content-centric processes, content services for enterprise applications and content governance.” According to the report, “an estimated 70% to 80% of enterprise information is unstructured, posing a significant challenge for organizations that must unlock the potential and mitigate the risks of content.” As a SaaS-native, AI-powered, content-centric collaboration platform, the comprehensive features of the ShareFile solution include: Collaboration workflows, with industry specializationUser-friendly client portalsDocument request listsNative e-signature functionalityThreat detection alerts with automated remediationAI-powered secure share recommenderEmail plug-ins for Outlook and GmailReady-to-use templates For more information about the Progress ShareFile solution, go to https://www.sharefile.com. To download a complimentary copy of the report, click here. Gartner DisclaimerGartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and /or its affiliates and are used herein with permission. All rights reserved. About ProgressProgress (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 and ShareFile are trademarks or registered trademarks 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 BakerProgress+1-800-477-6473pr@progress.com 1 Gartner, Magic Quadrant for Document Management, Tim Nelms, Marko Sillanpaa, Max Goss, Chris Jackson, December 18, 2024

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