PROGRESS SOFTWARE CORP /MA — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Progress Software (buyer) is acquiring substantially all assets and business of Domo, Inc. (seller) via asset purchase agreement dated July 22, 2026. The agreement transfers Domo's business operations, intellectual property, customer contracts, and certain subsidiaries to Progress; Domo retains specified excluded assets and liabilities. Purchase price structure involves closing cash payment adjusted for working capital and indebtedness; exact dollar amount not disclosed in this exhibit. Transaction requires Domo majority shareholder approval via written consent and is subject to customary closing conditions including regulatory approvals.
Why this rating
Material M&A for Progress (~2.6B market cap); expands platform/product portfolio. Asset purchase of operating business meaningfully larger than routine deals but not transformational scale.
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