Progress Software Completes Acquisition of Domo's AI and Data Platform Business
Progress Software has completed its acquisition of substantially all assets of Domo's AI and data platform business for $400M, funded with cash and its existing revolving credit facility. Domo adds a customer base of over 2,400 businesses plus strategic cloud data warehouse partners, and will be folded into Progress's existing data platform offerings. Financial impact details will be provided on Progress's Q3 earnings call on September 30 at 5:00 p.m.
Key figures
- Deal Value Usd
- $400M
- Customers added
- over 2,400 businesses
AI analysis
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