Dell Technologies will sell cloud integration provider Boomi to Francisco Partners and TPG Capital for USD 4 billion. Boomi focuses on the cloud integration platform as a service (iPaaS) and has a set of 15,000 enterprise customers. Dell had bought Boomi in 2010 for building its software roster.
Initially, Dell Technologies said it would completely spin-off VMware to stand as an independent company followed by the sale of Boomi. It is also reported that Dell Technologies will host a virtual Dell Technologies World conference this week.
“Boomi has flourished as part of Dell Technologies, growing exponentially since we acquired them in 2010,” said Jeff Clarke, Chief Operating Officer of Dell Technologies, in a statement. “This proposed transaction positions Boomi for its next phase of growth and is the right move for companies, our shared customers and partners.”
Dipanjan Deb, CEO of Francisco Partners, and Brian Decker, a Partner at Francisco Partners, issued a statement saying, “The ability to integrate and connect data and workflows across any combination of applications or domains is a critical business capability, and we strongly believe that Boomi is well-positioned to help companies of all sizes turn data into their most valuable asset.”
In general, the company Francisco Partners works to improve processes and functions for reducing cost, improving margins, and maintaining the profit percentage.
Francisco Partners said that Boomi would develop its tools to bring automation to cloud data and workflows. TPG and Francisco will collaborate to boost the growth of Boomi as an independent company.
