Progress Software Corporation

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.