Progress Software Corporation to acquire Domo, Inc.

Progress Software Corporation has agreed to acquire Domo, Inc. in a strategic acquisition valued at $400 million. The transaction was announced on 22 July 2026 and completed on 22 September 2026. Consideration for the deal was provided entirely in cash. Both the buyer and the target are based in the United States, operating within the technology sector. This acquisition represents a significant consolidation of assets within the US technology market, bringing together two established entities to expand their respective capabilities. The headline offer price reflects the agreed value for the entire business at the time of the announcement.

The deal structure involved a straightforward cash purchase by Progress Software Corporation, allowing for a clean transition of ownership without complex equity swaps or debt instruments. The completion date marks the finalisation of all necessary steps to transfer control of Domo, Inc. to its new parent company. Regulatory approvals and other customary closing conditions were satisfied prior to the completion date in September 2026. The transaction is now fully concluded with no further pending actions required by either party. This successful integration allows both organisations to move forward under a unified corporate structure, leveraging combined resources for future growth initiatives in the competitive technology landscape.