# PROGRESS SOFTWARE CORP /MA (PRGS) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_55bb04ed85e4bfb295ae · retrieved 2026-08-11T15:49:19.689Z

## Overview
Progress Software Corporation is a Delaware corporation that provides prepackaged software services; it is acquiring Domo's AI and Data Platform Business, which delivers software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance on cloud-based, hosted, on-premises or hybrid bases.

Progress Software Corporation entered into an Asset Purchase Agreement on July 22, 2026 to acquire substantially all assets and employees of Domo, Inc.'s AI and Data Platform Business, which provides software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance. The aggregate purchase price is approximately $400 million, subject to downward adjustment if cash acquired is less than $25 million and adjustment for assumed indebtedness. The purchase price will be paid with a combination of cash and an existing revolving credit facility. The transaction is subject to customary closing conditions, including expiration of the Hart-Scott Rodino Act waiting period and SEC filing of an information statement for stockholder approval. There is no financing condition to closing.

## Terms
- Counterparty: Domo, Inc. · Deal value: $400.0M · Consideration: mixed

## Key dates
- Announced 2026-07-22

## Timeline
- 2026-07-22 · 8-K (0001552781-26-000390): 8-K - PROGRESS SOFTWARE CORP /MA — *Progress Software Corporation is a Delaware corporation that provides prepackaged software services; it is acquiring Domo's AI and Data Platform Business, which delivers software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance on cloud-based, hosted, on-premises or hybrid bases.* Progress Software Corporation entered into an Asset Purchase Agreement on July 22, 2026 to acquire substantially all assets and employees of Domo, Inc.'s AI and Data Platform Business, which provides software platforms for business intelligence, data visualization, reporting, dashboarding, data integration, analytics, workflow automation, and data governance. The aggregate purchase price is approximately $400 million, subject to downward adjustment if cash acquired is less than $25 million and adjustment for assumed indebtedness. The purchase price will be paid with a combination of cash and an existing revolving credit facility. The transaction is subject to customary closing conditions, including expiration of the Hart-Scott Rodino Act waiting period and SEC filing of an information statement for stockholder approval. There is no financing condition to closing.
  https://www.sec.gov/Archives/edgar/data/876167/0001552781-26-000390.txt

## Citations
- 0001552781-26-000390 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000155278126000390