What Domo does next - stand by for an outbreak of consumption as Progress engages with its new customers
Back in July Yogesh Gupta, CEO of Progress Software, could scarcely conceal his glee at what he clearly viewed as snapping up a bargain as his firm finally sealed Domo’s doom when it picked up the analytics maven for a cool $400 million:
Being able to acquire Domo for a little more than 1x revenue makes it financially very attractive.
On a more positive note, he said at the time:
We have a track record of acquiring companies that were barely breakeven. We've done this before… historically, we've done this stuff before.
Flash forward three months and Gupta is now ready to drill down into more detail about Progress’s intentions for its latest purchases, as well as revealing more about what he’s found under the covers now that he’s had a chance to get ‘down and dirty’ inside Domo as a company. One of these is positive, the other perhaps...
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