Progress Software Completes Acquisition of Domo's AI and Data Platform Business
Acquisition advances Progress’ strategy todeliver the context and control organizations need to achieve trusted AI andagentic outcomes with confidence
Burlington, Mass., September 22, 2026—Progress Software (Nasdaq: PRGS), an AI infrastructure software leader,today announced it has completed its acquisition of substantially all theassets of Domo’s AI and data platform business, as well as assumed certain liabilities.
“As organizationspursue AI initiatives, the challenge is no longer simply access to AItechnology,” said Yogesh Gupta, CEO of Progress Software. “It is creating theright context, grounded in trusted data and knowledge, and maintainingthe right control through governance, security and oversight. Together,context and control enable organizations to adopt and scale AI with confidence.We are excited to welcome Domo to Progress because it strengthens our abilityto help customers build that foundation.”
Domo's cloud-native AI and dataplatform business will become part of Progress’ existing data platform offerings,further strengthening Progress’ ability to help customers connect, govern andactivate enterprise data for secure, scalable AI and agentic initiatives.
Domo adds a customer base of over 2,400businesses to Progress as well as global strategic partners including leadingcloud data warehouse providers.
Continued Gupta, “Domo bringsinnovative technology, a talented team, a passionate customer base and a sharedbelief that organizations should be able to unlock the full value of theirdata. We see exciting opportunities ahead to build on our respective strengthsand to continue helping organizations thrive in a world powered by AI.”
As previously announced,Progress paid $400M for the acquisition, funded with a combination of cash andits existing revolving credit facility. Progress will provide additionalinformation on the financial impact of this acquisition on its upcoming thirdquarter earnings conference call on Wednesday, September 30th at 5:00pmET.
About Progress Software
Progress Software (Nasdaq: PRGS)provides the context and control organizations need to reliably extract valuefrom AI—context drawn from an organization's data, content andworkflows, and control over the security, governance and cost oftheir AI initiatives. Learn how hundreds of thousands of businesses, poweringthe work of tens of millions of professionals worldwide, realize value fromtrusted, enterprise-ready AI at www.progress.com.
Note RegardingForward-Looking Statements
This press releasecontains statements that are “forward-looking statements” within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E of theSecurities Exchange Act of 1934, as amended. Progress has identified some ofthese forward-looking statements with words like “believe,” “may,” “could,”“would,” “might,” “should,” “expect,” “intend,” “plan,” “target,” “anticipate”and “continue,” the negative of these words, other terms of similar meaning orthe use of future dates. Risks, uncertainties and other important factors thatcould cause actual results to differ from those expressed or implied in theforward-looking statements include: uncertainties as to the effects ofdisruption from the acquisition of Domo making it more difficult to maintainrelationships with employees, licensees, other business partners orgovernmental entities; other business effects, including the effects ofindustry, economic or political conditions outside of Progress’ control;transaction costs; actual or contingent liabilities; uncertainties as towhether anticipated synergies or tax benefits will be realized; anduncertainties as to whether Domo’s business will be successfully integratedwith Progress’ business. For further information regarding risks anduncertainties associated with Progress’ business, please refer to Progress’filings with the Securities and Exchange Commission, including its AnnualReport on Form 10-K for the fiscal year ended November 30, 2025. Progressundertakes no obligation to update any forward-looking statements, which speakonly as of the date of this press release.
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Progress is a trademark or registeredtrademark of Progress Software Corporation and/or its subsidiaries oraffiliates in the U.S. and other countries. Any other names contained hereinmay be trademarks of their respective owners.
Press Contact:
Jeff Young
VP, Corporate Communications
Progress Software
+1 781-280-4000
pr@progress.com
Investor Relations:
Mike Micciche
SVP, Investor Relations
Progress Software
+1 781-280-4000
Investor-relations@progress.com
