secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2026-09-22T20:08:56+00:00
Accession:  0001552781-26-000497
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000155278126000497/0001552781-26-000497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000155278126000497/e26389_prgs-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000497

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer