DOMO news

Domo, Inc. announced a merger with its subsidiary, filing legal documents to adopt 'Huckleberry.ai, Inc.' as the new corporate name, effective upon filing with the Delaware Secretary of State.

Domo, Inc. signed an asset purchase agreement to sell its business to Progress Software Corporation for $70.0 million in cash. This strategic divestiture is expected to significantly reduce the company's operating expenses and liabilities, aiming to simplify its business model.

Domo's board determined a strategic transaction is the best path forward after exploring alternatives, with negotiations underway for a potential deal. The company posted Q1 FY2027 revenue of $79.4M while managing a forbearance agreement related to covenant noncompliance.