Progress Software closes $400M purchase of Domo's data platform business
Progress Software completed its $400M cash purchase of substantially all of Domo's AI and data platform assets, adding more than 2,400 business customers to its data products lineup.
Progress Software completed its $400M cash purchase of substantially all of Domo's AI and data platform assets, adding more than 2,400 business customers to its data products lineup. (SEC Form 8-K (Progress Software); Progress Software press release (8-K Exhibit 99.1))
The deal, agreed on July 22, 2026, was funded with cash on hand and an existing revolving credit facility. Domo's net operating loss carryforwards were excluded. Progress said it would discuss the financial impact on its Q3 call on September 30. (SEC Form 8-K (Progress Software); Progress Software press release (8-K Exhibit 99.1))