Domo Inc（DOMO）资讯与事件DOMODomo Inc

Progress Software to Acquire Domo Assets for $400M

Progress Software (PRGS) announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo (DOMO), including its AI and data products platform. Domo will add a customer base of over 2,400 businesses, as well as a global and strategic ecosystem of cloud data warehouse technology partnerships. The transaction is structured as an asset purchase where Progress intends to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of $400M. The acquisition is currently expected to close within Progress' fiscal year, ending November 30, subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions as set forth in the definitive agreement. Progress expects to finance the transaction with a combination of cash and Progress' existing revolving credit facility.

Domo Acquired by Progress for $400 Million

Domo (DOMO) announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (PRGS) will acquire substantially all of the assets and employees, excluding the Company's net operating loss carryforwards, and assume certain liabilities of the Company for $400 million in cash, subject to customary purchase price adjustments. At the closing of the transaction, the Company will have net cash of approximately $246 million, or $4.84 per share, representing an 81% premium to the 30-day volume weighted average price, as well as more than $900 million of NOL carryforwards. Following the closing of the transaction, Domo's operating business and platform will become part of Progress. Progress expects to continue serving Domo customers and supporting the Domo technology platform, while bringing additional scale, resources, and enterprise software expertise to its ongoing development. Until the transaction closes, Domo and Progress will continue to operate as separate companies, and Domo will continue to serve customers and operate in the ordinary course of business. After the closing of the transaction, Domo, Inc., the Delaware holding company, will change its name and ticker and remain a separate publicly-listed entity with limited operating expenses and a debt-free balance sheet. The Board intends to use the proceeds from the transaction to identify opportunities to monetize its NOLs. It will consider potential transactions where the company can employ its expertise in AI and automation to enhance profitability as well as options to return capital to shareholders. The Company will continue to be led by Founder and Chief Executive Officer Josh James and its Board of Directors. Under the terms of the definitive agreement, Progress will acquire substantially all of the assets and assume certain liabilities of Domo, Inc., including its operating business, technology platform, customer contracts, employees, intellectual property, vendor relationships, foreign subsidiaries, and other assets and obligations related to the business. Mr. James, as the Company's controlling shareholder, executed an irrevocable consent providing shareholder approval of the transaction. At closing of the transaction, Domo will pay off its existing credit facility in full. The transaction is expected to close prior to the end of the fiscal year for Progress (November 30, 2026), subject to the receipt of required regulatory approvals and other customary closing conditions. The transaction is not subject to a financing condition.