Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work

Progress Software is acquiring Domo's AI and data business for $400 million. Domo will keep its current leadership and operate as a separate entity after the deal.

Business Insider • Jul 23, 2026

Progress Software Bets on AI With $400 Million Deal for Domo's Data Platform

Progress Software NASDAQ: PRGS said it has entered into an agreement to acquire Domo's AI and data platform business in a transaction valued at a headline purchase price of $400 million, executives said on a conference call discussing the deal.

MarketBeat • Jul 23, 2026

Domo Announces Agreement to Sell Substantially All Assets and Certain Liabilities to Progress Software for $400 Million

SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO--Domo, Inc. (NASDAQ: DOMO) (“Domo” or the “Company”) today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (NASDAQ: PRGS) (“Progress”) will acquire substantially all of the assets and employees, excluding the Company's net operating loss (“NOL”) carryforwards, and assume certain liabilities of the Company for $400 million in cash, subject to customary purchase price adjustments.

Business Wire • Jul 22, 2026

Domo Named to the 2026 Women Tech Council Shatter List

SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO #analytics--Domo (NASDAQ: DOMO), the AI and Data Products platform company, today announced it has been named to the 2026 Women Tech Council Shatter List in the Community Builders category. Presented annually by the Women Tech Council, the Shatter List recognizes companies shaping the future of Utah's innovation economy. The Community Builders category honors organizations whose influence extends beyond their own walls, helping to make Utah a stronger place for techno.

Business Wire • Jul 1, 2026

Ken Garff Automotive Group Builds AI-Ready Foundation with Domo and Snowflake

SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO #agenticAI--Domo (NASDAQ: DOMO) today announced that Ken Garff Automotive Group, a family-owned automotive retailer with more than 70 dealerships across nine states, is using Domo with Snowflake to modernize its data architecture and prepare to build AI apps on governed data. With Snowflake as its cloud data platform and Domo as its analytics and operational intelligence layer, Ken Garff can manage more than 4 billion records while giving teams faster access to truste.

Business Wire • Jun 30, 2026

Domo Recognized as “One to Watch” in Snowflake's Modern Marketing Data Stack Report

SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO #agenticAI--Domo (NASDAQ: DOMO) today announced that Snowflake, the AI Data Cloud company, has recognized it as an Analytics & Measurement “One to Watch” in The Modern Marketing Data Stack: Governing the Agentic Enterprise. Domo was identified in Snowflake's report as One to Watch in the Analytics & Measurement Category for its ability to operationalize complex marketing data and securely deploy real-time insights to frontline marketing teams through advanced.

Business Wire • Jun 29, 2026

How Domo went from a $2.8 billion darling to fighting for its survival

In 2022, the founder of software company Domo stepped down as CEO after he was accused of sexually assaulting an employee on a work trip, an allegation he denied. A year later, he came back to lead the company.

Business Insider • Jun 27, 2026

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Domo, Inc. - DOMO

NEW YORK, June 25, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Domo, Inc. ("Domo" or the "Company") (NASDAQ: DOMO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

PRNewsWire • Jun 25, 2026

Domo Analysts Cut Their Forecasts After Q1 Results

Domo Inc (NASDAQ:DOMO) on Monday reported mixed first-quarter financial results. The company announced it has not executed a definitive agreement related to a potential transaction.

Benzinga • Jun 16, 2026

Domo Q1 Earnings Call Highlights

Domo NASDAQ: DOMO said it is in advanced negotiations regarding a potential strategic transaction after a board-led review of alternatives, as executives highlighted improving retention metrics, near break-even adjusted free cash flow and continued customer adoption of AI-powered data applications during the company's first-quarter fiscal 2027 earnings call.

MarketBeat • Jun 15, 2026