Progeny Software Inc.

Progeny Software Inc.

July 07, 2009 09:01 ET

Progeny Software Strikes Licensing Deal With Thomson Reuters

Global information giant licenses easy-to-use timeline-making application

WOLFVILLE, NOVA SCOTIA--(Marketwire - July 7, 2009) - Progeny Software Inc. has struck an intellectual property licensing agreement with global giant Thomson Reuters, the world's leading source of intelligent information for businesses and professionals.

Finalized recently, the deal gives Thomson Reuters the exclusive right to sell, modify, and adapt Progeny's existing timeline product, Timeline Maker, for the world wide legal market.

"We are thrilled to have completed a licensing agreement with Thomson Reuters," says Progeny Software co-founder and CEO Bob Thomas. "This deal cements our competitive position as a world-class developer of easy-to-use timeline applications."

Progeny Software, which specializes in visual analysis and presentation tools, launched Timeline Maker Professional in March 2006. The application enables users to create, share and present detailed timelines simply and cost-effectively. Flexible and easy to customize, Timeline Maker is used worldwide by businesses and industries of all types to present chronologies and other data in a highly readable and usable format. Thomson Reuters' new product, West Case Timeline, provides leading-edge timeline solutions for lawyers and is currently available for sale globally.

Incorporated in 1995, Progeny Software has crafted a reputation as a world leader in software applications that help users visualize and present data. The Nova Scotia, Canada-based firm has previously partnered with industry leaders such as Corel, Mattel and The Learning Company.

"Strategic collaboration is a central component of our growth strategy and underscores our innovation, technical expertise and credibility as a company," says Mr. Thomas. "Our recent agreement with Thomson Reuters will give lawyers world wide access to our unparalleled timeline solutions."

About Progeny Software

Progeny Software Inc. is a leading provider of visual analysis and presentation software. Established in 1995, the company has built a reputation for excellence, serving a wide range of markets including business, education, government and consumer. Progeny's flagship product line includes Timeline Maker Professional and Timeline Maker Student (www.timelinemaker.com). The company has been named one of Canada's top 200 technology companies by Branham Group and the Financial Post Magazine. For more information please visit http://www.progenysoftware.com.

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