Domo agrees to sell substantially all assets to Progress Software for $400 million cash

Reuters2026/07/22 20:35

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Domo reached a deal to sell substantially all assets and assume certain liabilities to Progress Software for USD 400 million cash.
Progress plans to fold Domo’s operating business and platform into its portfolio, keeping support for customers and the technology platform.
Domo expects about USD 246 million of net cash at closing, or USD 4.84 per share, an 81% premium to the 30-day VWAP.
Closing is targeted before Progress’ fiscal year-end on Nov. 30, 2026, subject to regulatory approvals and customary conditions.
Post-close, Domo will remain publicly listed under a new name and ticker, led by CEO Josh James, with limited operating expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Domo Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260722324001) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Domo agrees to sell substantially all assets to Progress Software for $400 million cash

You may also like

Crypto prices