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High materiality8/10

Progress Completes Domo AI/Data Platform Acquisition for $400 Million

Sep 22, 2026, 4:31 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Adds a larger AI data platform, potential cross-sell and recurring-revenue opportunities; near-term risks tied to integration and financing costs may temper upside.

AI summary

What happened, with direct paths to the underlying reporting

Progress Software completed its acquisition of Domo’s AI and data platform assets for $400 million, expanding its AI governance and data-activation capabilities. The deal adds 2,400+ enterprise customers and major cloud partners, positioning Progress to offer more secure, scalable AI across customers. Management will discuss the deal’s financial impact on the Sept 30 Q3 call.

  • Progress completes Domo AI/data platform asset acquisition for $400M.
  • Domo addition expands Progress customer base to 2,400+ and partners.
  • Acquisition funded by cash and revolver; Q3 earnings call Sept 30 will discuss impact.
  • Progress aims to enhance AI governance, context, and secure scalable AI with Domo.

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