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.

Progress Software Corporation announced its financial results for the fiscal second quarter ended May 31, 2026, via a press release. The company is a provider of software products and tools for application development and and application management.