Ian  Pitt net worth and biography

Ian Pitt Biography and Net Worth

Insider of Progress Software

Ian Pitt is an experienced leader passionate about using enterprise-class technology to transform business. As Progress Chief Information Officer (CIO), Ian creates the strategy for all Progress technology systems, striking the delicate balance between future-looking innovation and ongoing technology operations. His ultimate goal is to ensure that all company systems deliver world-class experiences to employees and customers.

Key for Progress is the critical role Ian plays in providing insight and assurance around Progress’ security practices. This includes leading the company's ongoing efforts to safeguard its networks, infrastructure, business applications and products with best-in-class internal and customer-facing security practices, as well as keeping an ever-watchful eye on the evolving security landscape—a vital talent in an age of constant digital disruption.

In addition, Ian supports Progress’ Total Growth Strategy by ensuring the seamless integration of newly acquired companies and technology. His proven merger and acquisition history—on both the buy and sell sides—includes guiding a $1.4 billion merger which tapped his deep knowledge of cyber security, governance, corporate IT and global product operations.

A believer in the power of effective collaboration, Ian brings decades of experience, empowering his people with an entrepreneurial spirit essential for driving results. Prior to Progress, Ian served as CIO at LogMeIn, was the CIO at Thunderhead, served as the Worldwide Chief Technology Officer (CTO) at Chordiant Software (now part of Pega), and headed research and technology at TCS. In all, Ian has built a stellar 30-year track record that earned him a 2023 ORBIE Awards win for Boston's CIO of the Year.

Outside of work, Ian is a skilled scuba diver who thrives in underwater environments. Yet, Ian likewise thrives on land, earning a degree in physics and engineering from Lancaster University, in the United Kingdom. Ian also sits on the Advisory Board of the BostonCIO industry network. 

What is Ian Pitt's net worth?

The estimated net worth of Ian Pitt is at least $212,537.37 as of October 23rd, 2024. Mr. Pitt owns 3,167 shares of Progress Software stock worth more than $212,537 as of November 21st. This net worth approximation does not reflect any other investments that Mr. Pitt may own. Learn More about Ian Pitt's net worth.

How old is Ian Pitt?

Mr. Pitt is currently 57 years old. There are 7 older executives and no younger executives at Progress Software. The oldest executive at Progress Software is Mr. Yogesh K. Gupta, CEO, President & Director, who is 63 years old. Learn More on Ian Pitt's age.

How do I contact Ian Pitt?

The corporate mailing address for Mr. Pitt and other Progress Software executives is 14 OAK PARK DRIVE, BEDFORD MA, 01730. Progress Software can also be reached via phone at (781) 280-4000 and via email at [email protected]. Learn More on Ian Pitt's contact information.

Has Ian Pitt been buying or selling shares of Progress Software?

Within the last three months, Ian Pitt has sold $113,677.29 in shares of Progress Software stock. Most recently, Ian Pitt sold 1,747 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $65.07, for a transaction totalling $113,677.29. Following the completion of the sale, the insider now directly owns 3,167 shares of the company's stock, valued at $206,076.69. Learn More on Ian Pitt's trading history.

Who are Progress Software's active insiders?

Progress Software's insider roster includes John Ainsworth (EVP, General Manager, Application and Data Platform), Anthony Folger (CFO), Yogesh Gupta (CEO), Loren Jarrett (EVP, General Manager, Digital Experience), Charles Kane (Director), David Krall (Director), Domenic Lococo (CAO), Ian Pitt (Insider), Gary Quinn (EVP), Jeremy Segal (EVP), Sundar Subramanian (EVP, General Manager, Infrastructure Management), and Yufan Stephanie Wang (Chief Legal Officer and Secretary). Learn More on Progress Software's active insiders.

Are insiders buying or selling shares of Progress Software?

During the last year, insiders at the software maker sold shares 22 times. They sold a total of 163,185 shares worth more than $9,011,717.93. The most recent insider tranaction occured on October, 23rd when insider Ian Pitt sold 1,747 shares worth more than $113,677.29. Insiders at Progress Software own 3.4% of the company. Learn More about insider trades at Progress Software.

Information on this page was last updated on 10/23/2024.

Ian Pitt Insider Trading History at Progress Software

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/23/2024Sell1,747$65.07$113,677.293,167View SEC Filing Icon  
7/5/2024Sell584$55.00$32,120.003,167View SEC Filing Icon  
2/2/2024Sell3,168$57.40$181,843.203,167View SEC Filing Icon  
11/17/2023Sell3,222$53.51$172,409.22584View SEC Filing Icon  
2/3/2023Sell3,970$56.82$225,575.401,132View SEC Filing Icon  
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Ian Pitt Buying and Selling Activity at Progress Software

This chart shows Ian Pitt's buying and selling at Progress Software by year and by quarter.

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Progress Software Company Overview

Progress Software logo
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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Today's Range

Now: $67.11
Low: $65.36
High: $67.18

50 Day Range

MA: $64.47
Low: $56.88
High: $68.53

2 Week Range

Now: $67.11
Low: $48.00
High: $68.95

Volume

1,112,647 shs

Average Volume

361,605 shs

Market Capitalization

$2.88 billion

P/E Ratio

35.89

Dividend Yield

1.06%

Beta

0.92