Progressly

Progressly operated as a specialized software-as-a-service (SaaS) provider, focusing on the Operational Performance Management (OPM) market. Founded in 2013 by Nick Candito, the company was established to address inefficiencies in enterprise business processes, particularly those reliant on manual or paper-based systems. The firm's core offering was a cloud-based platform designed to help large enterprises document, execute, and analyze their operational workflows. This platform enabled companies to standardize activities, connect workflows across different systems, and provide real-time insights into business processes, thereby increasing transparency and improving operational efficiency.

The company's primary clients were large-scale enterprises in sectors requiring stringent process management, with notable customers including Shell, Arconic, Valero, and Comcast. Progressly's business model was centered on providing its platform to these organizations to help them digitize and automate complex internal procedures. A key feature was its visual, collaborative timeline that graphically displayed and archived the progress of workflows as they happened. The platform also integrated with existing enterprise tools such as SharePoint, Slack, and Google Chrome to streamline adoption.

In July 2016, Progressly secured $6 million in a Series A funding round led by 8VC, with participation from other investors including Sway Ventures and A-Level Capital. This investment was aimed at scaling the company and further developing its product. On June 1, 2018, Progressly was acquired by Box, a leading content management platform, for an undisclosed amount. The acquisition was a strategic move by Box to enhance its workflow automation capabilities, particularly to bolster its Box Relay product, which was developed to manage and track business processes. Following the acquisition, Progressly's 12-person team, including founder and CEO Nick Candito, joined Box to integrate their technology and expertise into Box's platform.

Keywords: Operational Performance Management, OPM, workflow automation, process management, business process execution, enterprise software, SaaS, digital transformation, process centralization, collaborative workflow, Box acquisition, Nick Candito, 8VC, enterprise process management, workflow intelligence, process documentation, process standardization, operational efficiency, business outcomes, digital framework