Progress Software reports cyber incident with unauthorized access and data exfiltration; says not material

PROGRESS SOFTWARE CORP /MA

Detected irregular activity on corporate network; engaged outside cybersecurity experts and incident response professionals.
Evidence of unauthorized access and data exfiltration found; company remains fully operational.
Implemented containment measures, engaged outside legal counsel and federal law enforcement.
Currently believes cyber incident will not have a material impact on business, operations, or financial results.

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