Form 8-K

8-K — PROGRESS SOFTWARE CORP /MA

Accession: 0001552781-26-000497

Filed: 2026-09-22

Period: 2026-09-22

CIK: 0000876167

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Completion of Acquisition or Disposition of Assets

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — e26389_prgs-8k.htm (Primary)

EX-99.1 (e26389_ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities

Exchange Act of 1934

September

22, 2026

Date of Report (Date of earliest event reported)

____________________

Progress Software Corporation

PROGRESS

SOFTWARE CORP /MA

(Exact name of registrant as specified in its charter)

Delaware

0-19417

04-2746201

(State or other jurisdiction of incorporation or organization)

(Commission file number)

(I.R.S. Employer Identification No.)

15 Wayside Road, Suite 400

Burlington, Massachusetts 01803

(Address of principal executive offices, including

zip code)

(781) 280-4000

(Registrant’s telephone number, including

area code)

Not applicable

(Former name or former address, if changed since last

report)

Check the appropriate box below if the Form 8-K filing is

intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

PRGS

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company

as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934

(§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 2.01.

Completion of Acquisition or Disposition of Assets.

On September 22, 2026, pursuant to the terms of

that certain Asset Purchase Agreement dated as of July 22, 2026 (the “Purchase Agreement”), by and between Progress

Software Corporation, a Delaware corporation (“Progress”) and Domo, Inc., a Delaware corporation (the

“Seller”), Progress completed the previously announced purchase of substantially all of the assets and employees,

excluding the Seller’s net operating loss carryforwards, and assumption of certain liabilities of the Seller used in the

operation of its business of providing software platforms, applications, tools and related technologies for business intelligence,

data visualization, reporting and dashboarding, data integration and analytics, embedded and distributed analytics, workflow and

process automation, AI-powered data products and AI agents, and data governance and data management, in each case delivered on a

cloud-based, hosted, on premises or hybrid basis to enterprise, commercial and governmental customers. The transactions contemplated

by the Purchase Agreement are collectively referred to as the “Transaction”.

Upon the closing of the Transaction, Progress paid an aggregate purchase

price of $400 million in cash funded via a combination of cash on hand and an existing revolving credit facility.

Pursuant to Rule 3-05 and Article 11 of Regulation S-X, Progress will file

financial statements and pro forma financial information related to the Transaction by an amendment to this Current Report on Form 8-K.

The foregoing descriptions of the Purchase Agreement and the Transaction

do not purport to be complete and are qualified in their entirety by reference to the Purchase Agreement, a copy of which was filed as

Exhibit 2.1 of Progress’ Current Report on Form 8-K filed with the Securities and Exchange Commission on July 22, 2026, and is incorporated

herein by reference.

Item 7.01.

Regulation FD Disclosure.

On September 22, 2026, the Company issued a press release with respect

to the closing of the Transaction, a copy of which is attached hereto and furnished as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit

99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any other filing by

Progress under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference

in such a filing.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

2.1

Asset Purchase Agreement, dated as of July 22, 2026, by and between and Progress Software Corporation and Domo, Inc. (incorporated by reference to Exhibit 2.1 to Progress’ Current Report on Form 8-K filed July 22, 2026)*

99.1

Press Release, dated September 22, 2026

104

Cover Page Interactive Data file (embedded within the Inline XBRL document)

* The schedules to the Purchase Agreement have been omitted from this filing

pursuant to Item 601(a)(5) of Regulation S-K. Registrant will furnish copies of such schedules to the Securities and Exchange Commission

upon request by the Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 22, 2026

Progress Software Corporation

By:

/s/ YUFAN STEPHANIE WANG

YuFan Stephanie Wang

Chief Legal Officer and Corporate Secretary

EX-99.1

Filename: e26389_ex99-1.htm · Sequence: 2

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, 2026—Progress Software (Nasdaq:

PRGS), an AI infrastructure software leader, today announced it has completed its acquisition of substantially all the assets of Domo’s

AI and data platform business, as well as assumed certain liabilities.

“As organizations pursue AI initiatives, the challenge is no longer

simply access to AI technology,” said Yogesh Gupta, CEO of Progress Software. “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 to welcome Domo to Progress because it strengthens

our ability to help customers build that foundation.”

Domo's cloud-native AI and data platform business will become part of Progress’

existing data platform offerings, further strengthening Progress’ ability to help customers connect, govern and activate enterprise

data for secure, scalable AI and agentic initiatives.

Domo adds a customer base of over 2,400 businesses to Progress as well

as global strategic partners including leading cloud data warehouse providers.

Continued Gupta, “Domo brings innovative technology, a talented team,

a passionate customer base and a shared belief that organizations should be able to unlock the full value of their data. We see exciting

opportunities ahead to build on our respective strengths and to continue helping organizations thrive in a world powered by AI.”

As previously announced, Progress paid $400M for the acquisition, funded

with a combination of cash and its existing revolving credit facility. Progress will provide additional information on the financial impact

of this acquisition on its upcoming third quarter earnings conference call on Wednesday, September 30th at 5:00pm ET.

About Progress Software

Progress Software (Nasdaq: PRGS) provides the context and control organizations

need to reliably extract value from AI—context drawn from an organization's data, content and workflows, and control

over the security, governance and cost of their AI initiatives. Learn how hundreds of thousands of businesses, powering the work of tens

of millions of professionals worldwide, realize value from trusted, enterprise-ready AI at www.progress.com.

Note Regarding Forward-Looking Statements

This press release contains statements that are “forward-looking

statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange

Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like “believe,” “may,”

“could,” “would,” “might,” “should,” “expect,” “intend,” “plan,”

“target,” “anticipate” and “continue,” the negative of these words, other terms of similar meaning

or the use of future dates. Risks, uncertainties and other important factors that could cause actual results to differ from those expressed

or implied in the forward-looking statements include: uncertainties as to the effects of disruption from the acquisition of Domo making

it more difficult to maintain relationships with employees, licensees, other business partners or governmental entities; other business

effects, including the effects of industry, economic or political conditions outside of Progress’ control; transaction costs; actual

or contingent liabilities; uncertainties as to whether anticipated synergies or tax benefits will be realized; and uncertainties as to

whether Domo’s business will be successfully integrated with Progress’ business. For further information regarding risks and

uncertainties associated with Progress’ business, please refer to Progress’ filings with the Securities and Exchange Commission,

including its Annual Report on Form 10-K for the fiscal year ended November 30, 2025. Progress undertakes no obligation to update any

forward-looking statements, which speak only as of the date of this press release.

# # #

Progress is a trademark or registered trademark of Progress Software

Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks

of their respective owners.

Press Contact:

Jeff Young

VP, Corporate Communications

Progress Software

+1 781-280-4000

pr@progress.com

Investor Relations:

Mike Micciche

SVP, Investor Relations

Progress Software

+1 781-280-4000

Investor-relations@progress.com

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