Progress announced an agreement to acquire Domo’s AI and Data Platform Business for approximately $400 million, funded with cash and its existing revolving credit facility. The asset purchase includes substantially all related assets and employees and is subject to customary conditions, including HSR clearance and an information statement process. Progress also secured a Voting and Support Agreement from key Domo stockholders, providing written consents necessary to approve the transaction. The deal is expected to broaden Progress’s offerings in business intelligence, analytics, data integration and governance, and AI-driven products.
Agreement 1: Progress to Acquire Domo’s AI and Data Platform Business for About $400 Million
- Agreement type: Asset Purchase Agreement to acquire the AI and Data Platform Business
- Counterparty: Domo
- Signed / Effective: Jul 22 2026 / same
- Reason: Expand AI and data analytics portfolio and capabilities
Agreement 2: Progress Secures Voting Support From Key Domo Stockholders for Acquisition
- Agreement type: Voting and Support Agreement
- Counterparty: Certain stockholders of Domo
- Signed / Effective: Jul 22 2026 / same
- Reason: Secure necessary stockholder approval for closing
Original SEC Filing:
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