Domo, Chapter 1: Utah’s Domo Agrees to Sell Substantially All of Its Operating Assets to Progress Software for $400 Million
EXECUTIVE SUMMARY
✅ Utah-based Domo has agreed to sell substantially all of its operating assets and transfer its employees to Progress Software for approximately $400 million in cash.
✅ If the deal is approved and consummated, Domo will survive under a new name and stock ticker, retaining an estimated $246 million
