Opening the filing
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Progress Software Corp
8-K
Item 2.01.
Completion of Acquisition or Disposition of Assets.
On September 22, 2026, pursuant to the terms of that certain Asset Purchase Agreement dated as of July 22, 2026 (the “Purchase Agreement”), by and between Progress Software Corporation, a Delaware corporation (“Progress”) and Domo, Inc., a Delaware corporation (the “Seller”), Progress completed the previously announced purchase of substantially all of the assets and employees, excluding the Seller’s net operating loss carryforwards, and assumption of certain liabilities of the Seller used in the operation of its business of providing software platforms, applications, tools and related technologies for business intelligence, data visualization, reporting and dashboarding, data integration and analytics, embedded and distributed analytics, workflow and process automation, AI-powered data products and AI agents, and data governance and data management, in each case delivered on a cloud-based, hosted, on premises or hybrid basis to enterprise, commercial and governmental customers. The transactions contemplated by the Purchase Agreement are collectively referred to as the “Transaction”.
Upon the closing of the Transaction, Progress paid an aggregate purchase price of $400 million in cash funded via a combination of cash on hand and an existing revolving credit facility.
Pursuant to Rule 3-05 and Article 11 of Regulation S-X, Progress will file financial statements and pro forma financial information related to the Transaction by an amendment to this Current Report on Form 8-K.