Progress Software to acquire Domo's AI/Data Platform for $400M; Q3 guidance at/above high end

PROGRESS SOFTWARE CORP /MA

Cash purchase price of $400M for substantially all assets of Domo's AI and data platform business.
Expected close within fiscal year ending Nov 30, 2026, subject to regulatory approvals and other conditions.
Progress reiterates Q3 FY2026 revenue and non-GAAP EPS guidance at or above high end of prior range (June 30, 2026).
Acquisition adds over 2,400 customers and complements Progress data platform with Domo's agentic platform.
Transaction financed with cash and existing revolving credit facility; no financing condition.

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