Progress Software To Acquire Domo's AI And Data Platform Business
PRGS•Progress Software to buy Domo assets for $400 million in cash
Progress Software Corp said it will acquire Domo's AI and data platform business for $400 million in cash.
The company said it will finance the acquisition with cash and a revolving credit facility.
Progress expects third-quarter results within or above guidance
Progress Software Corp said it expects Q3 revenue and non-GAAP EPS within or above prior guidance.
