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Dell Sells Boomi: 4 Biggest Reasons Why

From Project Apex to Dell Technologies’ massive debt, here are four big reasons why Dell is selling its cloud business Boomi to private equity.

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The New Dell Technologies Is Taking Shape By Focusing On ‘High-Priority Areas’

It’s been no secret that Dell Technologies is both shedding and doubling down on certain parts of its portfolio of companies since it acquired EMC and VMware in 2016. With the global COVID-19 pandemic driving Dell PC sales to new heights while also accelerating businesses’ hybrid cloud strategy, Dell CEO Michael Dell has decided that Boomi won’t be part of the post-COVID-19 Dell Technologies world.

“For us, we’re focused on fueling growth by continuing to modernize our core infrastructure and PC businesses and expanding in high-priority areas including hybrid and private cloud, edge, telecom and Apex. All designed to help organizations thrive in the do-from-anywhere economy,” said Jeff Clarke, vice chairman and chief operating officer of Dell Technologies in a statement today regarding the sale of Boomi.

Less than two years ago, Dell Technologies’ family of businesses included Boomi, Dell, Dell EMC, Pivotal Software, RSA, SecureWorks, Virtustream and VMware – all operating mostly independently of each other.

With the sale of Boomi later this year, Dell will have sold or spun off four of its eight businesses by the end of this year.

In 2020, Dell sold its cybersecurity business RSA for over $2 billion to private equity firm STG Partners. Pivotal Software was sold to VMware for $2.7 billion in late 2019. Then last month, Dell officially announced it will spin-off its 81 percent majority stake in VMware in 2021 to Dell shareholders that would make VMware an independent company.

By 2022, Dell Technologies will consist of its PC business Dell, leading hardware infrastructure company Dell EMC, SecureWorks for cybersecurity, and Virtustream for cloud software and services.

 
 
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