Welcome to our dedicated page for Progress Soft news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Soft stock.
Progress Software Corp. (PRGS) provides AI-powered digital experience and infrastructure software used to develop, deploy and manage applications, content, data movement and network operations. Its product portfolio spans Sitefinity, ShareFile, MOVEit, OpenEdge, Chef, Kemp LoadMaster, MarkLogic, DataDirect, Corticon, Flowmon and WhatsUp Gold, covering areas such as content management, document collaboration, managed file transfer, DevOps automation, application development, data connectivity and network security.
Company news commonly covers quarterly financial results, product releases, AI capabilities, security and compliance features, and global workforce operations. Recent recurring themes include Sitefinity Generative CMS, ShareFile document workflows, expansion of engineering and customer operations in India, corporate social responsibility reporting and STEM scholarship initiatives.
Progress Software (Nasdaq: PRGS) has agreed to acquire substantially all assets and assume certain liabilities of Domo’s AI and data products platform for a cash purchase price of $400 million, in an asset purchase transaction.
According to Progress Software, the deal is expected to expand its AI-focused data platform with Domo’s agentic, cloud-native analytics capabilities, adding more than 2,400 business customers and a broad ecosystem of cloud data warehouse partners. The transaction is expected to close within Progress’ fiscal year ending November 30, 2026, subject to regulatory approvals and customary conditions, and will be funded with a combination of cash and the company’s existing revolving credit facility. Progress reiterated that its fiscal Q3 revenue and non-GAAP EPS are anticipated to be within or above the high end of guidance issued on June 30, 2026.
Domo (NASDAQ: DOMO) announced a definitive agreement for Progress Software (NASDAQ: PRGS) to acquire substantially all of Domo’s assets, employees and certain liabilities, including its operating business and AI/data platform, for $400 million in cash, subject to customary purchase price adjustments.
At closing, Domo expects to have approximately $246 million of net cash, or $4.84 per share, an 81% premium to its 30‑day volume‑weighted average price, and to retain more than $900 million of net operating loss carryforwards. The existing credit facility will be repaid in full. Domo will remain a publicly listed Delaware holding company, under a new name and ticker, with a debt‑free balance sheet, limited operating expenses and certain retained assets. Its Board plans to seek transactions to monetize the NOLs and may consider returning capital to shareholders. Founder and CEO Josh James and the current Board will continue to lead the company. The deal, unanimously approved by Domo’s Board and supported by an irrevocable consent from the controlling shareholder, is expected to close by November 30, 2026, subject to regulatory approvals and customary conditions, and is not subject to a financing condition.
Progress Software (Nasdaq: PRGS) released its State of Legal 2026 report, based on a nationwide survey of U.S. lawyers. The study finds 85% already use AI for tasks like research and summarization, yet 77% say much of their work is still manual and processes remain inefficient.
Findings highlight gaps in automation, governance, client intake speed and tool sprawl, and note that platforms such as Progress ShareFile can help streamline secure document management, AI-powered automation and client intake to reduce friction and improve legal workflows.
Progress Software (Nasdaq: PRGS) reported fiscal second quarter 2026 results for the period ended May 31, 2026. Detailed earnings information and a supplemental slide presentation are available on the Progress investor relations site.
The company will host a results and outlook conference call on June 30, 2026 at 5:00 p.m. Eastern Time, with live webcast, phone access via online registration, and a replay and supporting materials available afterward.
Progress Software (Nasdaq: PRGS) launched Progress Chef Enterprise Management for NVIDIA DGX Spark, bringing secure, automated lifecycle and configuration management to fleets of desktop AI supercomputers.
The solution supports provisioning, monitoring, maintenance, compliance, incident response and retirement, and is available immediately at introductory pricing of $189 per year per system.
Progress Software (Nasdaq: PRGS) will release its fiscal second quarter 2026 financial results after market close on Tuesday, June 30, 2026. The quarter ended on May 31, 2026.
The company will host a conference call at 5:00 p.m. ET the same day, with a live webcast and an archived replay available on the Progress investor relations webpage.
Progress (Nasdaq: PRGS) announced that its SaaS platform Progress Agentic RAG was named a winner in the 2026 Artificial Intelligence Excellence Awards in the Retrieval-Augmented Generation category. The platform converts unstructured data from 60+ formats into a governed enterprise knowledge layer supporting internal search, compliance, support and analytics.
Agentic RAG offers no-code deployment, built-in RAG evaluation, governance and traceability, citation-backed answers and flexible LLM selection. It is already used in real-world scenarios, such as a European law firm supporting nearly 300 professionals handling thousands of legal inquiries monthly. The product has also earned multiple prior global AI and data innovation awards.
Progress Software (Nasdaq: PRGS) released its State of Accounting 2026 report, based on a nationwide survey of U.S. accounting professionals. The study shows widespread AI and automation adoption (84% using AI), but also highlights fragmented tools, manual workflows and security concerns that limit efficiency and consistent client experiences.
Progress (Nasdaq: PRGS) released its 2025 Corporate Social Responsibility report on April 21, 2026, detailing people-first culture, global community programs and sustainability progress.
Highlights include >90% employee adoption of AI tools, support for 290+ charities, 674 volunteer hours, 40+ wellbeing initiatives and expanded leadership and STEM education programs.
Progress (Nasdaq: PRGS) expanded and relocated its Bengaluru office to Embassy Tech Village on April 14, 2026, growing its India Global Capability Center to support AI-led engineering, product, sales, customer success, marketing and operations.
The move reinforces a long-term commitment to India talent, notes ~25% of India staff support global customer-facing functions, and includes a local partnership and community donation.