Mergers & Acquisitions ·
Progress Software Corporation completed the acquisition of substantially all assets and employees from Domo, Inc.…
PRGSProgress Software Corp
Progress Software Corporation completed the acquisition of substantially all assets and employees from Domo, Inc., excluding net operating loss carryforwards. The transaction closed on September 22, 2026, with Progress paying an aggregate purchase price of $400 million in cash funded via existing cash reserves and a revolving credit facility. This acquisition integrates Domo's AI and data platform business into Progress' offerings, adding over 2,400 customers and expanding capabilities in business intelligence, data visualization, and AI-powered analytics. Progress Software Corporation operates in the software industry, providing enterprise application development tools, database management systems, and AI infrastructure solutions.