Progress Software Agrees to Acquire Domo's AI and Data Platform Business for $400 Million in Cash, Transaction Structured as Asset Purchase

Epoch purchased a commercial-scale polymer biorecycling factory in Spain from Domo Chemicals for €4m after the Spanish unit entered insolvency, aiming to scale enzymatic recycling of nylon 6,6. The site has 52,000t/year capacity and adds 60 jobs. Epoch says it can supply closed-loop recycled nylon ahead of EU rules, and earlier raised $12m from lululemon and others.

Domo, an analytics firm, said it agreed to be acquired by Progress Software for $400 million. Progress will take substantially all of Domo’s assets and employees and assume some liabilities, excluding carried net operating losses. After closing, Domo will change its name and ticker but remain publicly traded. The article also recounts Domo founder Josh James’ “Silicon Slopes” legacy and Domo’s prior valuation and financials.

U.S. stock index futures fell as investors weighed technology earnings and Middle East tensions that pushed oil above $98. Vita Coco rose after Q2 net sales of $216M and adjusted EBITDA of $67M. Hut 8 gained on Morgan Stanley’s Overweight and $263 target. Mobileye fell on CEO Amnon Shashua stepping down. Domo jumped 21% after Progress Software to buy assets for $400M cash.

Progress Software (NASDAQ:PRGS) said it will buy Domo’s cloud-native AI and data platform in a $400 million deal, aiming to combine Domo’s ingestion and RAG capabilities with Progress’ structured and unstructured data management. Progress noted Domo has 2,400 customers and over 85% consumption-based ARR. Progress expects about 2% ARR growth this year.

Salazar Resources Limited (TSXV: SRL, OTCQB: SRLZF) reported an updated NI 43-101 Technical Report for its Curipamba-El Domo polymetallic project in Ecuador, prepared by SRK Consulting for operator Silvercorp Metals (75%). Salazar’s 25% carried interest. After-tax NPV(8%) is US$573m, up 121% vs the 2021 feasibility study. Construction is fully funded, first production expected mid-2027.

The article says Domo is in advanced talks over a potential transaction and recently signed a forbearance agreement after breaching a minimum annualized recurring revenue covenant. It also notes Fox’s planned $22B Roku purchase (closing H1 2027) and Nuvei’s nearly $2.75B all-cash bid for Payoneer (mid-2027). It adds Simulations Plus will be acquired by Altaris for $18.50/share and lists several Chapter 11 filings.