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

Progress Software agreed to buy Domo's AI and data business for $400 million. Domo founder Josh James will run the remaining debt-free entity.

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businessinsider.com

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businessinsider.comStai leggendo20 g fa

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

Progress Software acquires Domo's AI/data operations for $400M; spinoff retains $246M cash and $900M+ NOL carryforwards for tax-loss offsets. Consolidation play in data/AI; remaining shell enables opportunistic M&A funding in data analytics and automation.

originale

benzinga.com21 g fa

Why Is Domo (DOMO) Stock Rallying Over 23% After Hours Today? - Domo (NASDAQ:DOMO)

Domo stock surged after agreeing to sell substantially all assets to Progress Software for $400 million.

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giovedì 23 luglio 2026·benzinga.com
Why Is Domo (DOMO) Stock Rallying Over 23% After Hours Today? - Domo (NASDAQ:DOMO)
Domo stock surged after agreeing to sell substantially all assets to Progress Software for $400 million.
giovedì 23 luglio 2026·businessinsider.com
Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work
Progress Software agreed to buy Domo's AI and data business for $400 million. Domo founder Josh James will run the remaining debt-free entity.