According to Progress, the company's "Board of Directors has extended the company's stock buyback program by authorizing the repurchase of up to an aggregate of $100 million of the company's common stock during the period from October 1, 2010 until September 30, 2011."

"The shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the company's discretion, subject to securities laws, market conditions and other factors. Progress Software will finance the repurchase program with available cash," according to Progress in a press release.

Learn more about Progress' program now!