Progress Software Corporation supplies software designed to simplify and accelerate the development, deployment, integration and management of business applications. The Progress Real Time division is an operating company of Progress Software Corporation headquartered in Bedford, Mass. Previously known as ObjectStore, the Progress Real Time division provides data management, access and synchronization products for the real-time enterprise. Its products are used by thousands of companies throughout the world to help manage streaming event data for applications, such as algorithmic trading and radio frequency identification data management. The divisions products also are also designed to accelerate the performance of existing relational databases and support occasionally connected users requiring real-time access to enterprise applications. Progress Software Corporation was founded in 1981.