The American computer company Dell Technologies has agreed to sell its Boomi cloud activities to private investment companies Francisco Partners and TPG. The value of the agreement is four billion dollars (85.6 billion crowns). The sale is part of CEO Michael Dell’s effort to reduce Dell’s activities, according to Bloomberg.
Boomi specializes in integrating various cloud platforms for companies. It has more than 15,000 customers. Dell bought the company in 2010, but never disclosed the price it paid for it.
The proposed transaction is expected to help Boomi grow further and benefits both companies, customers and partners, Dell’s Chief Operating Officer Jeff Clarke said in a statement. For Dell, this means it can focus on supporting growth and ongoing modernization in infrastructure and personal computers, and expansion in high-priority areas, he added. The agreement should be completed later this year.
Dell has been clearing its balance sheet and getting rid of various businesses in recent years. Last month, it announced plans to separate its stake in VMware infrastructure software provider, its most valuable asset. Last year, he sold RSA’s cyber security division for $ 2.08 billion.
The company is working to reduce its reliance on hardware sales and transform itself into a subscription-based computer service vendor. Although this move continues, sales of computers to commercial and regular customers still account for about half of the group’s sales.
Source: E15.cz by www.e15.cz.
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