Progress Software Agrees To Acquire Domo For $400M

Progress Software Corporation
DOMO, INC.

Progress Software Corporation

PRGS

0.00

DOMO, INC.

DOMO

0.00

Progress Software (Nasdaq: PRGS), an AI infrastructure software leader, today announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform.

The transaction is structured as an asset purchase where Progress intends to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of $400 million.

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