Paradice Investment Management LLC sold 238,145 shares of Progress Software Corporation, valued at $15.20 million. This represented 3.41% of the fund’s assets under management, with the post-trade stake now at zero shares. Progress Software’s stock price was $45.02 on October 20, 2025. The company offers a range of software solutions and has a global presence. The sale of Progress Software was one of seven positions Paradice Investment Management exited in the third quarter. Progress Software reported strong revenue growth, driven by the artificial intelligence revolution.

Progress Software was previously Paradice Investment Management’s 17th largest holding. The company’s strategy emphasizes product innovation and customer base diversification. The sale of Progress Software was the fourth-largest transaction made by the fund in the quarter. The company helps customers accelerate application development and automate infrastructure management processes. Progress Software’s management raised its full-year revenue guidance range due to strong performance in the fiscal third quarter.

Read more at Nasdaq: Paradice Dumped Its Entire $15.2 Million Progressive Software Stake