Short answer
PROGRESS SOFTWARE CORP /MA (PRGS) filed an 8-K current report with the SEC on July 22, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.2). Progress agreed to acquire Domo’s AI and Data Platform Business for approximately $400 million.
PROGRESS SOFTWARE CORP /MA 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Progress agreed to acquire Domo’s AI and Data Platform Business for approximately $400 million
- Assets include software, employees and certain liabilities across analytics, data integration, automation, AI and governance
- Consideration funded with cash and Progress’s existing revolving credit facility, creating financing and leverage implications
- Purchase price subject to cash and outstanding-indebtedness adjustments, including a $25 million acquired-cash threshold
- Seller stockholders holding sufficient voting power committed to approve the transaction, reducing shareholder-approval risk
Item 2.02 · Results of Operations and Financial Condition
- No investor-actionable financial metrics or management commentary disclosed in the supplied excerpt
Item 7.01 · Regulation FD Disclosure
- Disclosure centers on Progress’ planned acquisition of an AI and Data Platform Business
- Transaction remains subject to closing risk and uncertain completion timing
- Integration could disrupt employee, licensee, business-partner, and government relationships
- Anticipated synergies and tax benefits may not materialize
- Transaction costs, liabilities, and broader economic conditions could reduce expected benefits
Item EX-99.1 · Exhibit EX-99.2
- Progress agreed to acquire substantially all Domo AI and data platform assets for $400 million cash
- Domo adds over 2,400 business customers and cloud data warehouse partnerships, materially expanding Progress’ data-platform reach
- Financing combines cash and Progress’ existing revolving credit facility, increasing balance-sheet and interest-cost considerations
- Closing targeted by November 30, 2026, subject to regulatory approvals and customary conditions
- Fiscal Q3 revenue and non-GAAP EPS expected within or above the high end of prior guidance, with results due September 30, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other PROGRESS SOFTWARE CORP /MA 8-K filings
Get the next PRGS 8-K as it lands
Follow PRGS for push alerts, or ask the research agent what this filing means.