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

• Progress agreed to buy substantially all assets of Domo’s AI and data platform business in an asset purchase valued at $400 million.
• Deal expected to close by fiscal 2026 year-end, pending regulatory approvals and customary closing conditions.
• Progress plans to fund the purchase with cash, drawing on its revolving credit facility.
• Domo’s platform expands Progress’ data platform offerings, adding more than 2,400 customers.
• Progress reiterated fiscal third-quarter revenue and non-GAAP EPS outlook, targeting results within or above the prior guidance range.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001552781-26-000390), on July 22, 2026, and is solely responsible for the information contained therein.