The Pulse
Progress Closes $400 Million Purchase of Domo’s AI Data Business
Progress Software completed its acquisition of substantially all of Domo’s AI and data platform business on September 22, 2026. The $400 million deal adds more than 2,400 businesses and Domo’s cloud-native data technology to Progress’ portf
AI.info Team ·
“Together, context and control enable organizations to adopt and scale AI with confidence.”
Yogesh Gupta, CEO, Progress Software
Progress Software completed its acquisition of substantially all of Domo’s AI and data platform business on September 22, adding Domo’s cloud-native technology, employees and customer base to its enterprise software portfolio. Progress paid $400 million for the transaction, using a combination of cash and its existing revolving credit facility.
The deal gives Progress more than 2,400 additional business customers and expands its data products across integration, governance, analytics and AI applications. Progress announced the completion in a company release issued from Burlington, Massachusetts.
Progress Adds Domo’s Data Layer to Its AI Portfolio
Domo’s business will become part of Progress’ existing data platform offerings. Progress describes the acquired technology as a way for organizations to connect, prepare and automate data, turning fragmented enterprise information into data that can support AI systems and business decisions.
The acquisition broadens Progress’ position in the infrastructure beneath enterprise AI. Its stated focus is on helping customers establish the context AI systems need from business data, while applying governance, security and oversight to how those systems operate.
“As organizations pursue AI initiatives, the challenge is no longer simply access to AI technology,” Gupta said. “It is creating the right context, grounded in trusted data and knowledge, and maintaining the right control through governance, security and oversight.”
A $400 Million Deal With More Than 2,400 Customers
Progress announced the purchase agreement on July 22, 2026. The transaction covered substantially all of Domo’s assets and employees connected to its AI and data platform business, while excluding Domo’s net operating loss carryforwards and certain other assets.
A Progress filing with the U.S. Securities and Exchange Commission described the business as including software for business intelligence, data visualization, reporting, data integration, embedded analytics, workflow automation, AI-powered data products, AI agents, data governance and data management. The filing put the purchase price at approximately $400 million, subject to specified adjustments.
Progress said the acquired operation also brings strategic relationships with leading cloud data warehouse providers. The company did not provide a detailed breakdown of Domo’s revenue, employee count or the allocation of the purchase price in its completion announcement.
Domo’s Public Company Becomes Huckleberry.ai
The transaction also changes what remains of Domo’s public company. In a separate SEC filing, Domo said it had changed its name to Huckleberry.ai after the sale. Founder and CEO Josh James will continue to lead the company with its existing board.
Huckleberry retained Domo’s net operating loss carryforwards and other assets excluded from the sale. The company said it began with approximately $221 million in cash after closing adjustments and repayment of its outstanding credit facility. Its common stock is scheduled to begin trading under the ticker HUCK on September 24, 2026.
“Domo was built on the belief that data should change the way a business runs,” James said in the filing. “That work will continue at Progress.”
Financial Details Will Come With Progress’ Third-Quarter Results
Progress said it will provide additional information about the acquisition’s financial impact during its third-quarter earnings conference call on September 30 at 5 p.m. Eastern time. The company’s completion announcement lists integration risks, transaction costs, possible disruption to employee and customer relationships, and uncertainty over whether expected synergies or tax benefits will materialize.
For Progress, the immediate result is a larger installed base and a broader set of products aimed at preparing enterprise data for AI systems. The company now has to combine Domo’s technology and team with its existing data products while showing customers that the $400 million purchase produces measurable value beyond a larger product catalog.