Progress Software to Acquire Domo’s AI and Data Platform Business for $400 Million
July 22, 2026
Progress Software entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo’s AI and data products platform in an asset purchase for $400 million in cash. The deal is expected to close by Progress’ fiscal year ending November 30, 2026, subject to regulatory approvals and customary closing conditions.
- Buyers
- Progress Software
- Targets
- Domo
- Sellers
- Domo (Board of Directors and controlling shareholder Josh James, via approval/consent)
- Industry
- Data & Analytics
- Location
- United States
- Transaction Type
- Buyout
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