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The Nexus
BUSINESSJul 23 · 16:57 UTCBUSINESS INSIDERRosalie Chan ([email protected])

Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work

Progress Software is acquiring Domo's AI and data business for $400 million, allowing Domo to remain a separate publicly listed company led by founder Josh James. The remaining Domo entity holds $246 million in cash and tax-loss assets, with plans to explore value-generating transactions or shareholder returns.

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Josh JamespersonDomoorganizationProgress SoftwareorganizationAI and data businesstopicNOLstopic
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Domo sells its main businesses for $400 million, leaving founder Josh James with a hoard of cash to put to work · The Nexus