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    Nolan Jenevein

    Research Analyst at Oppenheimer & Co. Inc.

    Nolan Jenevein is an Equity Research Associate at Oppenheimer & Co. Inc., specializing in equity research across U.S. markets with a focus on specific sector coverage. He has supported coverage on companies in sectors such as technology and consumer, contributing to investment research and thematic analysis that aids senior analysts in client advisory. Jenevein began his career after graduating from Southern Methodist University, joining Oppenheimer as an analyst and gaining recognition for his analytical contributions within the equity research division. He is FINRA-registered and maintains relevant securities licenses, including the Series 7 and Series 63.

    Nolan Jenevein's questions to PROGRESS SOFTWARE CORP /MA (PRGS) leadership

    Nolan Jenevein's questions to PROGRESS SOFTWARE CORP /MA (PRGS) leadership • Q2 2025

    Question

    Nolan Jenevein of Oppenheimer & Co. Inc. asked for more details on the Nuclea acquisition, noting its profile differs from Progress's typical strategy of acquiring mature software companies.

    Answer

    CEO Yogesh Gupta explained that the Nuclea acquisition is a strategic investment in the product portfolio, similar to past investments made to adapt to major technology shifts like the internet and mobile. He positioned AI as the next significant wave and described the acquisition as a modest purchase of leading-edge agentic RAG technology. Gupta emphasized that this move will help keep Progress's products current, drive high customer retention, and bring in a strong team to integrate the technology across the portfolio.

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    Nolan Jenevein's questions to PROGRESS SOFTWARE CORP /MA (PRGS) leadership • Q2 2025

    Question

    Nolan Jenevein from Oppenheimer & Co. Inc. asked for more details on the Nuclea acquisition, noting its profile differs from Progress's typical strategy of acquiring mature software companies.

    Answer

    CEO Yogesh Gupta explained that the Nuclea acquisition is a strategic investment in Progress's product portfolio, similar to past investments made to adapt to major technology shifts like the internet and mobile. He positioned it as an acceleration of R&D to integrate leading-edge agentic RAG AI capabilities across their products, ensuring high customer retention and future value.

    Ask Fintool Equity Research AI

    Nolan Jenevein's questions to PROGRESS SOFTWARE CORP /MA (PRGS) leadership • Q2 2025

    Question

    Nolan Jenevein of Oppenheimer & Co. Inc. asked for more details on the Nuclea acquisition, noting its divergence from Progress's typical M&A strategy of acquiring mature software companies.

    Answer

    CEO Yogesh Gupta explained that the Nuclea acquisition is a strategic investment in Progress's product portfolio, aimed at integrating advanced AI capabilities to maintain high customer retention. He compared it to past technology acquisitions made during major shifts like the internet and mobile computing, framing it as a modest purchase for leading-edge agentic RAG technology to keep products current.

    Ask Fintool Equity Research AI