Progress Software completes $400M acquisition of Domo's AI and data platform business

PROGRESS SOFTWARE CORP /MA

Transaction closed Sept 22, 2026; Progress paid $400M cash for substantially all of Domo's AI/data platform assets and certain liabilities.
Acquisition adds Domo's customer base of over 2,400 businesses and global strategic partners including cloud data warehouse providers.
Funding from cash on hand and existing revolving credit facility; financial impact to be discussed on Q3 earnings call Sept 30, 2026.
CEO Yogesh Gupta says deal strengthens Progress's ability to deliver trusted context and control for AI and agentic outcomes.

Featured in Daily 8-K Digest

Selected #4 for 2026-09-22. Read digest

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.