# DOMO, INC. (DOMO) — divestiture/joint_venture [pending]
Source: SEC API (secapi.ai) · situation sit_440bcf289db0a667b4cb · retrieved 2026-08-12T21:27:31.881Z

## Overview
Domo, Inc. provides software platforms, applications, tools and related technologies for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, embedded and distributed analytics, workflow and process automation, AI-powered data products and AI agents, and data governance and data management, delivered on a cloud-based, hosted, on-premises or hybrid basis…

On July 22, 2026, Domo, Inc. and Progress Software Corporation entered into an Asset Purchase Agreement under which Progress will acquire substantially all of Domo's assets and employees used in its AI and Data Platform Business (providing software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance). The purchase price is approximately $400 million, subject to downward adjustment if cash acquired is less than $25 million and adjustment for assumed indebtedness. Domo will retain its net operating loss carryforwards and intends to use cash proceeds to acquire assets that may allow it to benefit from the retained NOLs.

## Terms
- Counterparty: Progress Software Corporation · Deal value: $400.0M · Consideration: cash

## Key dates
- Announced 2026-07-22 · Vote 2026-07-22

## Timeline
- 2026-07-22 · 8-K (0001104659-26-085819): 8-K - DOMO, INC. — *Domo, Inc. provides software platforms, applications, tools and related technologies for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, embedded and distributed analytics, workflow and process automation, AI-powered data products and AI agents, and data governance and data management, delivered on a cloud-based, hosted, on-premises or hybrid basis…* On July 22, 2026, Domo, Inc. and Progress Software Corporation entered into an Asset Purchase Agreement under which Progress will acquire substantially all of Domo's assets and employees used in its AI and Data Platform Business (providing software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance). The purchase price is approximately $400 million, subject to downward adjustment if cash acquired is less than $25 million and adjustment for assumed indebtedness. Domo will retain its net operating loss carryforwards and intends to use cash proceeds to acquire assets that may allow it to benefit from the retained NOLs.
  https://www.sec.gov/Archives/edgar/data/1505952/0001104659-26-085819.txt

## Citations
- 0001104659-26-085819 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926085819