$PRGS

Progress Software completed a $400M acquisition of Domo AI's assets, adding to its enterprise software portfolio. Eaton agreed to acquire COL Group for €810M to expand its data center power infrastructure. Persistent Systems now owns 83.25% of Nagarro, valuing the deal at €81 per share. Stakk acquired ParaScript for $63M to build an AI digital trust platform. NetApp plans to acquire PEAK:AIO for AI storage infrastructure, with financial terms undisclosed.

Huckleberry.ai, Inc. (DOMO) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Domo Completes Sale to Progress Software; Huckleberry Begins the Next Chapter Huckleberry starts with $221 million in cash and more than $900 million in net operating loss carryforwards Founder and CEO Josh James will continue to lead the debt-free public company SIL

PROGRESS SOFTWARE CORP /MA (PRGS) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Progress Software Completes Acquisition of Domo's AI and Data Platform Business Acquisition advances Progress’ strategy to deliver the context and control organizations need to achieve trusted AI and agentic outcomes with confidence Burlington, Mass., September 22, 2

SAP, Progress, and NetApp are acquiring companies to enhance their AI data infrastructure. SAP acquired Dremio for real-time analytics, Progress plans to buy Domo's AI assets for $400M, and NetApp acquired DataPelago for GPU-accelerated data processing. Gartner forecasts AI-optimized infrastructure spending to reach $42.3B in 2026, with inference spending at $23.3B. Data quality and availability are cited as major barriers to enterprise AI adoption.

Progress Software (PRGS) appointed Bridget Collins as CIO to lead AI and IT strategy. Collins, a former Progress engineer, will oversee global IT, cybersecurity, and AI adoption, reporting to CEO Yogesh Gupta. She brings 30+ years of experience, including roles at Rapid7 and Cerence. Collins will also evaluate emerging technologies and strengthen governance frameworks. The move supports Progress' growth strategy and acquisition integration efforts, according to the company.

DA Davidson raised its price target on Progress Software (NASDAQ:PRGS) to $55 from $45 and kept a Buy rating. The firm cited about 40% adjusted operating margins, 85.6% gross margin, stable low-single-digit ARR growth, and valuation based on 9x CY2026 EPS. It also referenced PRGS’s ShareFile acquisition and the planned $400M Domo asset purchase.

Progress Software (PRGS) introduced agentic AI tools in its Sitefinity Generative CMS, embedding AI agents into content workflows for analysis, optimization, review and page-level intelligence. The stock rose 13.15% over 1 month and 51% over 3 months. Simply Wall St cites fair value at $50.83 versus a $42.84 close, calling it undervalued.

Progress Software says its Chef enterprise management software will support NVIDIA DGX Spark deployments. The companies cite DGX Spark as a compact desktop for local AI model building and running. NVIDIA’s manageability framework covers procurement, provisioning, monitoring, maintenance, incident response and retirement, while Progress Chef adds governed orchestration and drift detection across fleets.

Professional Services Firms Lose $60K a Year to Inefficient Client Coordination, New Progress Software Report Finds Rhea-AI Summary Progress Software (Nasdaq: PRGS) released its State of Client Collaboration 2026 survey, finding that professional services firms incur a median annual cost of about $60,000 in nonbillable client coordination work.

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 6,763,272 shares of Progress Software Corp. common stock, or 16.5% of the outstanding shares. The filing says BlackRock has sole voting power over 6,689,301 shares and sole dispositive power over 6,763,272 shares.