Progress Software completes acquisition of Domo assets, company rebrands as Huckleberry.ai - PRGS News | RalliesProgress Software completes acquisition of Domo assets, company rebrands as Huckleberry.ai
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PRGS• Progress completes acquisition of Domo assets
- Progress Software completed its purchase of substantially all Domo assets and employees, excluding net operating loss carryforwards.
- Domo’s AI and data platform moved to Progress as part of the deal.
Remaining public company rebrands as Huckleberry.ai
- The remaining public company renamed to Huckleberry.ai, led by Josh James.
- Huckleberry starts debt-free with about $221 million in cash, or about $4.46 per share.
- It retained more than $900 million in net operating loss carryforwards.
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