Business1 hOctober 1, 2026, 20:15

Progress outlines Domo plans after $400M acquisition

Progress Software acquired analytics platform Domo for $400 million and is moving its customers from seat-based subscriptions to consumption-based pricing. CEO Yogesh Gupta expects AI workloads to drive data consumption and admits significant churn in the legacy seat business.

Diginomica

Open source

Progress outlines Domo plans after $400M acquisition

Domo was acquired for $400 million, just over 1x revenue
Progress is shifting Domo from seat-based to consumption pricing
Customer meetings are planned in about a dozen cities worldwide
Progress expects AI workloads to boost infrastructure and observability demand

#Progress#Domo

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