Progress Software agrees to buy Domo AI and data platform assets for $400 million
PRGS•Progress reiterates fiscal third-quarter guidance
Progress reiterated fiscal third-quarter guidance, targeting revenue and non-GAAP EPS within or above the high end of its June 30 outlook.
Progress to acquire Domo AI and data platform business
Progress agreed to buy Domo’s AI and data platform business for $400 million in cash.
Domo brings more than 2,400 business customers, expanding Progress’ data platform footprint in AI data readiness.
Closing is expected by Nov. 30, 2026, subject to regulatory approvals and customary closing conditions.
Funding is expected from cash on hand, backed by Progress’ existing revolving credit facility.
