Domo: Transform Data into Governed AI-Ready Intelligence
Domo significantly strengthens Progress’ ability to provide organizations with the context and control they need to turn fragmented knowledge into governed, secure, AI-ready intelligence. Reflecting on the acquisition, Domo represents an important “first” for Progress – our first acquisition of a publicly traded company. It also highlights our focus on driving Progress forward as a leader in AI infrastructure software.
“As organizations pursue AI initiatives, the challenge is no longer simply access to AI technology. It is creating the right context, grounded in trusted data and knowledge, and maintaining the right control through governance, security and oversight. Together, context and control enable organizations to adopt and scale AI with confidence. We are excited Domo is now part of Progress because it strengthens our ability to help customers build that enterprise AI foundation.”
Yogesh Gupta
CEO
What Sets Progress Apart
Every Progress acquisition is different. Yet each one is focused on acquiring strong products and great people. Our dedicated Corporate Development team identifies the right business, evaluates its potential fit for our organization, then harnesses our talent to execute with minimal friction.
Beyond Domo’s strong technical capabilities, the acquisition made sense for many reasons. It expands our SaaS product revenue and enables Progress to extend and deepen our geographic footprint. Based in Utah and having an established presence in Japan, the Domo deal further improves Progress’ ability to serve its 200,000 customers.
As a global organization with 45+ years of experience in the infrastructure software space, we knew what was required to support Domo's cloud-native AI and data platform business. Our goal was to sustain and grow recurring revenue, provide a maniacal focus on our customers and drive their success.
Summary
- Acquire strong products and great people
- Expand SaaS revenue and global footprint
- Seamless customer experience
Acquisition Success: Domo
The Domo acquisition demonstrated what Progress does best: move fast, plan effectively and bring teams into the organization with clarity and continuity.
Operational Readiness
A proven M&A playbook helped us deliver smooth coordination from due diligence to sign, and close to integration. Solid execution enabled us to integrate Domo customers and employees efficiently and seamlessly.
Strategic Alignment
Close alignment with Progress’ Data Platform meant Domo was a strong fit, unlocking value for partners, shareholders and customers alike, while creating exciting opportunities for employees.
Learn How Your Company Can Flourish
Post-Progress Acquisition.
Contact the professionals on our Corporate Development team:
- Email:
- corporate-development@progress.com
- Phone:
- 1-800-477-6473