DOMO, INC.DOMO

Domo sold assets including AI-powered data products and AI agents to Progress.

“On September 22, 2026, Huckleberry.ai, Inc., a Delaware corporation formerly known as Domo, Inc. (the “Company”), and Progress Software Corporation, a Delaware corporation (“Progress”), completed the previously announced sale to Progress of substantially all of the Company’s assets and employees, excluding the Company’s net operating loss carryforwards, and the assumption by Progress of certain liabilities of the Company, 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, pursuant to that certain Asset Purchase Agreement, dated July 22, 2026, by and between the Company and Progress (the “Purchase Agreement”). The transactions contemplated by the Purchase Agreement are collectively referred to as the “Transactions.””

Progress Software agreed to acquire Domo's AI and Data Platform Business including AI agents.

“On July 22, 2026, Domo, Inc., a Delaware corporation (the “Company”), and Progress Software Corporation, a Delaware corporation (“Progress”), entered into an Asset Purchase Agreement (the “Purchase Agreement”), pursuant to which Progress has agreed to acquire substantially all of the assets and employees, excluding the Company’s net operating loss (“NOL”) carryforwards, and assume certain liabilities of, the Company 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 “AI and Data Platform Business”). The transactions contemplated by the Purchase Agreement are collectively referred to as the “Transactions”.”

Non-compete clause restricts Domo from competitive activities involving AI agents for three years.

“(b) Non-Compete . In further consideration of the amounts to be paid hereunder in exchange for the Business and the Purchased Assets, including the goodwill of the Business sold in connection therewith, during the period commencing on the Closing Date and ending on the third (3rd) anniversary of the Closing Date (the “ Restricted Period ”), the Seller shall not, and shall cause its controlled Affiliates not to, directly or indirectly, whether for itself or through any other Person, and whether individually, jointly or in any capacity, in each case, unless Buyer provides prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned): (i) engage in any Competitive Activities anywhere in the world (the “ Restricted Area ”); (ii) own any interest in, manage, operate, control, finance, render services to, provide assistance to, consult for, participate in, or otherwise become associated with any Person that engages in, or is actively planning to engage in, Competitive Activities within the Restricted Area; (iii) derive revenue from, or enter into any Contract or arrangement to derive revenue from, any horizontal product line involving ETL, ELT, connectors, dashboards, business intelligence, data visualization, data integration or data connectivity products or services, or any other product or services, that compete with the Business; (iv) provide consulting, implementation, system integration, advisory or other similar professional services to Buy”

Definition of Domo's business includes AI-powered data products and AI agents.

““ Business ” means the business of developing, providing, marketing, distributing, licensing, selling, supporting, maintaining, operating, hosting and commercializing software platforms, applications, tools and related technologies for: (i) business intelligence, data visualization, reporting and dashboarding; (ii) data integration, data preparation, data transformation and data connectivity; (iii) data analytics, including descriptive, predictive and prescriptive analytics; (iv) embedded and distributed analytics; (v) workflow and process automation; (vi) AI-powered data products, AI agents and machine-learning services applied to or operating upon business data; and (vii) data governance and data management, in each case whether delivered on a cloud-based, hosted, on-premises or hybrid basis, under subscription, consumption-based or perpetually licensed models, to enterprise, commercial or governmental customers, together with all related services, in each case as conducted, or in active development, by the Seller and its Subsidiaries immediately prior to the Closing.”

Definition of competitive activities includes AI-powered data products and AI agents.

““ Competitive Activities ” means developing, providing, marketing, distributing, licensing, selling, supporting, maintaining, operating, hosting or commercializing any software platform, application, tool, product, service or related technology that competes with or is intended to compete with the Business or any of the Business Products, including, without limitation, any software platform, application, tool, product, service or related technology developed for: (A) business intelligence analytics, data visualization, reporting or dashboarding; (B) data integration, data preparation, data transformation or data connectivity, including ETL, ELT, connectors or similar connectivity products or services; (C) data analytics, including descriptive, predictive or prescriptive analytics; (D) embedded or distributed analytics; (E) workflow or process automation; (F) AI-powered data products, AI agents or machine-learning services applied to or operating upon business data; or (G) data governance or data management. For the avoidance of doubt, Competitive Activities shall not include the development of custom applications for the internal use of third parties utilizing the Domo platform, so long as such activities do not involve the commercialization, licensing, marketing, distribution or offering of any software product, platform, service or technology that competes with the Business or any Business Product.”

Domo CEO states its data, applications and AI agents position the company for an AI shift.

““One thing that has become clear is that we are still in the early innings of a major shift from AI experimentation to AI embedded in everyday work,” said Josh James, founder and CEO of Domo. “I believe Domo’s combination of data, applications, and AI agents positions us to play an important role in that shift. The Board’s responsibility was to determine the best way to build on that opportunity and maximize value for stockholders. After considering the available alternatives, the Board concluded that pursuing a strategic transaction is the best path forward.””

DOMO enables customers to use AI agents and natural language for data exploration and interactive dashboards.

“The business intelligence pillar provides tools for analyzing, visualizing, and interacting with data across devices and use cases. Customers can use AI agents and natural language to explore trends, monitor performance, and share insights through interactive dashboards and visual experiences designed for both desktop and mobile environments or through bursted or automated reporting. This capability is intended to support up-to-date visibility and decision-making across roles, enabling organizations to align around a shared view of performance while maintaining appropriate governance and access controls.”

DOMO's Agent Catalyst allows customers to build, deploy, and manage AI agents across data and workflows.

“The artificial intelligence pillar integrates with machine learning, large language models, and AI-powered services across the platform. This includes support for model management, preconfigured AI services, and governed access to leading AI models hosted by Domo or provided by customers. Building on this foundation, Domo’s Agent Catalyst enables customers to build, deploy, and manage AI agents that can act across data, applications, and workflows and to embed human oversight at critical decision points.”

Domo ranked number one in the 2025 Agentic AI Report by Dresner Advisory Services.

“• Domo was ranked #1 in the 2025 Agentic AI Report by Dresner Advisory Services.”

Domo named a Leader in the KMWorld 2025 Leader Group for Agentic AI.

“• Domo was named a Leader in the KMWorld 2025 Leader Group for Agentic AI .”

Domo AI includes model management, hosting, and workflows to build AI agentic solutions with human-in-the-loop review.

“• Domo AI : Domo AI provides a comprehensive AI and machine learning infrastructure including a Jupyter workspace integration and AutoML capabilities for building models in Domo and a Domo hosted large language model called DomoGPT. Domo AI Model Management allows for the hosting, deployment, and training of models both built in Domo or hosted by third parties including Open AI, Amazon Bedrock, Databricks and Hugging Face. These models can be accessed via inference end points or used in Magic ETL, workflows and apps. Workflows can also be used to build AI agentic solutions empowering AI agents to solve key business problems while ensuring proper human in the loop review/approval when needed. Domo's AI service layer provides an abstraction layer for specific AI driven tasks throughout Domo including text generation, text to SQL, text summarization and more. The Domo AI foundation supports an ever-expanding group of features in Domo making data more discoverable (via Chat and other tools) and enabling any user to build like a seasoned analyst.”

Domo Workflows create AI agentic solutions leveraging LLMs for complex tasks with human-in-the-loop components.

“These AI models and services can be applied towards data preparation via Domo Magic ETL and Domo Workflows. In Magic ETL, a model inference endpoint can be used to run data through a specific model. In Workflows, in addition to running a model or AI Service, the Workflow can also allow for a "human in the loop" component where in some scenarios human approval or update is required. Workflows are also used to create AI agentic solutions which can leverage an LLM to complete complex text with as much agency as needed for the specific situation.”