Progress Software completes acquisition of Domo AI and data platform business

Progress Software, a provider of infrastructure software products, completed its acquisition of Domo's AI and data platform business in September 2026. Domo, known for its cloud-based business intelligence and data visualization platform, agreed to divest its core AI and data platform assets to Progress Software in a strategic transaction aimed at finding a larger, more resourced home for its technology. The deal represents a significant consolidation move in the data and analytics space, with Progress Software expanding its portfolio of enterprise data management and AI-driven tools beyond its traditional strengths in application development, data connectivity, and infrastructure software.

This acquisition has meaningful implications for the AdTech and MarTech ecosystems, where Domo had established a presence as a data integration and visualization layer used by marketing and advertising teams to consolidate campaign performance data, audience insights, and business KPIs. By bringing Domo's AI and data platform under Progress Software's umbrella, the combined entity could offer more robust data pipeline and analytics capabilities to enterprise advertisers and agencies. The deal reflects broader industry consolidation trends where standalone BI and data visualization vendors face pressure from hyperscalers and integrated marketing clouds, forcing them to seek strategic acquirers. Competitors such as Tableau (Salesforce), Looker (Google), and Microsoft Power BI may benefit from any customer uncertainty during the transition, while Progress Software gains a foothold in AI-augmented analytics that complements its existing DataDirect connectivity and Telerik product lines.