Mergers & Acquisitions ·
Progress Software acquires Domo for $221M; company rebrands as Huckleberry.ai
DOMOHuckleberry.ai, Inc.
Huckleberry.ai, Inc., formerly Domo, Inc., completed the sale of substantially all assets and employees to Progress Software Corporation on September 22, 2026. The company received approximately $221.0 million in cash after adjustments and repaid all outstanding debt under its credit facility. Additionally, the company repurchased all outstanding warrants for approximately $10.0 million. Huckleberry retains more than $900 million in net operating loss carryforwards and is evaluating opportunities to create value or return capital to stockholders. The company changed its name to Huckleberry.ai, Inc., effective September 22, 2026, and will begin trading under the symbol "HUCK" on the Nasdaq Global Market on September 24, 2026. This is a publicly traded entity operating in the technology sector.