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22.07.26 - 22:18
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Domo Announces Agreement to Sell Substantially All Assets and Certain Liabilities to Progress Software for $400 Million (Business Wire)
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Domo to remain a publicly-listed corporation, under a new name and ticker, preserving more than $900 million of net operating loss carryforwards and certain retained assets
Progress Software Corporation to acquire and operate Domo's AI and data platform
Domo's Board of Directors unanimously approves transaction following a thorough strategic alternatives review processSILICON SLOPES, Utah--(BUSINESS WIRE)--$DOMO--Domo, Inc. (NASDAQ: DOMO) (“Domo” or the “Company”) today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (NASDAQ: PRGS) (“Progress”) will acquire substantially all of the assets and employees, excluding the Company's net operating loss (“NOL”) carryforwards, and assume certain liabilities of the Company for $400 million in cash, subject to customary purchase price adjustments. At the closing of the transaction, the Company will have net cash of approximately $246 million, or $4.84 per share, repres...
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15.07.26 - 14:00
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Callegra Technologies Appoints Reiley Snowden as Chief AI Architect (Business Wire)
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Veteran full-stack engineer and AI innovator joins Callegra to accelerate the company's next generation of AI-powered software, cloud platforms, and intelligent enterprise solutions.SANDY, Utah--(BUSINESS WIRE)--#ArtificialIntelligence--Callegra Technologies, Inc. today announced the appointment of Reiley Snowden as Chief AI Architect. Snowden will lead the company's artificial intelligence architecture and engineering strategy, accelerating the development of secure, cloud-native, Edge AI, and intelligent software capabilities across Callegra's existing products while enabling the creation of next-generation AI-powered platforms.Snowden brings more than a decade of experience in software engineering, full-stack application development, cloud services, mobile platforms, blockchain technologies, augmented and virtual reality, and engineering leadership. Most recently, he served as Senior Software Engineer Team Lead at Domo, following engineering roles focused on Web3 and full-stack software development....
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15.06.26 - 22:12
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Domo Announces First Quarter Fiscal 2027 Financial Results and Provides Strategic Alternatives Process Update (Business Wire)
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Board Determines Strategic Transaction Represents Best Path to Maximize Shareholder Value; Advanced Negotiations Underway Regarding a Potential Transaction.SILICON SLOPES, Utah--(BUSINESS WIRE)--$DOMO--Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal first quarter ended April 30, 2026 and provided an update regarding its ongoing strategic alternatives review process initiated by its Board of Directors earlier this year.
In February 2026, Domo's Board of Directors initiated a formal process to explore strategic alternatives to maximize shareholder value. The process included the evaluation of a broad range of alternatives, and engagement with multiple parties with the support of independent financial and legal advisors. Following that review, the Board has concluded that pursuing a strategic transaction represents the best path to maximize value for shareholders.
Domo is in advanced negotiations regarding a potential transaction. While substantial progress has been made, no definitive agre...
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