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The Boston Globe


Progress Software chief leaving after 12 months

Jay Bhatt will step down in December as chief executive of Progress Software Corp. to take the helm at an unnamed private company, leaving after less than a year at the Bedford company, which makes software used by big companies to integrate complex business activities.

Bhatt’s departure, announced Monday, comes just seven months after he launched a strategy to revive the company, which has experienced stagnant revenue growth over the past five years.

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