Mergers & Acquisitions ·
Progress Software Corporation entered into an Asset Purchase Agreement to acquire Domo, Inc.'s AI and Data Platform…
PRGSProgress Software Corp
Progress Software Corporation entered into an Asset Purchase Agreement to acquire Domo, Inc.'s AI and Data Platform Business for an aggregate purchase price of approximately $400 million. The transaction is expected to close within the company's fiscal year ending November 30, 2026, and will be financed through a combination of cash and an existing revolving credit facility. Progress Software Corporation is an AI infrastructure software leader that provides context and control for organizations to extract value from AI.