Why Dell Is Selling Boomi In 2021
Dell Technologies officially unveiled today the pending sale of its cloud-based platform business Boomi to a pair of private equity firms in a deal valued at a whopping $4 billion.
The deal comes as Round Rock, Texas-based Dell is now in full transition mode around reshaping the company’s broad and vast portfolio which includes servers, storage, hyperconverged infrastructure, PCs, cybersecurity and various software products.
Global investment firms Francisco Partners and TPG Capital entered into a definitive agreement with Dell on Monday to buy Boomi. Although official financial terms of the deal were not disclosed, the cash transaction is valued at $4 billion with expectations to close by the end of 2021.
CRN breaks down four key reasons why Dell Technologies is selling Boomi.
