secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2026-07-22T20:21:29+00:00
Accession:  0001552781-26-000390
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000155278126000390/0001552781-26-000390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000155278126000390/e26303_prgs-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000390

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