Progress Software

8 members

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Corporate ratings

Medium Risk

Progress Software is rated Medium Risk because it has adopted several race- and identity-based policies and shows high exposure in advocacy bias and funding categories, suggesting a willingness to prioritize political or social causes over merit-based practices. While its philanthropic giving appears less politicized, weak employment protections and inconsistent governance around cancel culture issues drive the overall moderate risk rating.

CancellationsMedium Risk
Discriminatory PhilanthropyLower Risk
Employment ProtectionHigh Risk
Advocacy BiasHigh Risk
FundingHigh Risk
Political ActionsNot rated

Assessment by 1792 Exchange. Summary generated by IJR from their published rating.

8 memberscoverage spread: L0/C100/R0

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Business
Progress Software Plans $400 Million Domo Acquisition
Progress Software will acquire substantially all of Domo's AI and data platform for $400 million in cash, structured as an asset purchase to let Progress select which assets and liabilities transfer and financed with cash on hand and its revolving facility. The deal follows Domo's financial stress, leaves Domo as a separate, debt-free listed entity with net cash around $246 million and an 81% premium to its recent price, and has seen insider selling amid its strategic transition.
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Progress Software

Corporate ratings

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