Progress Software agrees to buy Domo AI and data platform assets for $400 million

Reuters2026/07/22 20:29

By:Reuters

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Progress agreed to buy Domo’s AI and data platform business for USD 400 million in cash.
Domo brings more than 2,400 business customers, expanding Progress’ data platform footprint in AI data readiness.
Closing is expected by Nov. 30, 2026, subject to regulatory approvals and customary closing conditions.
Funding is expected from cash on hand, backed by Progress’ existing revolving credit facility.
Progress reiterated fiscal third-quarter guidance, targeting revenue and non-GAAP EPS within or above the high end of its June 30 outlook.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Progress Software Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221615PRIMZONEFULLFEED9766617) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Progress Software agrees to buy Domo AI and data platform assets for $400 million

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