EDITION

US Edition

Coverage of US markets, technology, and business

BUSINESS ★ FEATURED

Progress Software pays $400 million for Domo's operating business as Josh James eyes his next act

Domo's board approved a $400 million cash sale of its entire operating business to Progress Software on July 22, 2026, with the deal expected to close by November 30. Founder Josh James retains a publicly listed shell company holding $246 million in cash and $900 million in net operating loss carryforwards, positioning him for his next venture or acquisition play.