Progress Software (NASDAQ: PRGS) has appointed Bridget Collins as its Chief Information Officer. The company announced the move on August 18, 2026, stating that Collins will lead the global IT and security organization while reporting directly to CEO Yogesh Gupta.

Collins brings more than 30 years of experience in enterprise IT, business transformation, and AI strategy to the role. Her responsibilities will include advancing AI across internal operations and overseeing cybersecurity for the company. This involves evaluating emerging technologies and strengthening governance frameworks for data, security, and AI usage.

Strategic Focus

CEO Yogesh Gupta highlighted the operational excellence of the CIO team in enabling the company’s growth strategy. He noted that Collins’ expertise in enterprise technology and cybersecurity will help scale operations, integrate acquisitions, and deliver experiences for employees and customers. Gupta also mentioned that Collins is returning to Progress, where she began her career as a software engineer.

Collins emphasized Progress’ position as a leader in delivering context and control for AI initiatives. She stated her intention to partner across the business to expand the company’s AI vision in support of customers and employees.

Background

Before joining Progress, Collins served as Chief Information and Business Transformation Officer at Rapid7, where she led global IT and operations. Her previous leadership roles include Chief Transformation Officer and CIO at Cerence, and Vice President of Information Technology at Nuance Communications.

Collins was named a 2021 BostonCIO of the Year ORBIE Award winner. She holds a bachelor’s degree from Providence College and an MBA in High Technology Management from Northeastern University.

Progress Software has entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo for a cash purchase price of $400 million. The transaction, structured as an asset purchase, includes Domo's AI and data products platform, aiming to strengthen Progress Software's position in the AI infrastructure software market. The acquisition is expected to close within Progress’ fiscal year ending November 30, 2026, subject to regulatory approvals and customary closing conditions.

Transaction Details

The acquisition involves Progress Software taking over substantially all of Domo's assets along with specific liabilities. The deal is valued at $400 million and will be settled entirely in cash. Progress expects to finance the transaction with a combination of cash and its existing revolving credit facility. By integrating Domo's AI and data products platform, Progress Software intends to expand its capabilities in the AI infrastructure sector.

Strategic Implications

This move marks a significant step for Progress Software as it seeks to enhance its offerings through the addition of Domo's technology. Domo will add a customer base of over 2,400 businesses, as well as a global and strategic ecosystem of cloud data warehouse technology partnerships. The asset purchase structure allows Progress Software to selectively acquire the components of Domo that align with its strategic goals while assuming certain associated liabilities.

Financial Guidance

Based on currently available information, Progress anticipates revenue and non-GAAP earnings per share for its fiscal third quarter will be within or above the high end of previously issued guidance provided on June 30, 2026. The company will discuss full financial results of its third quarter on a conference call on September 30, 2026.