Dell to sell its Boomi software business to private equity firms for $4B
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Dell Technologies Inc. has announced that private equity firms Francisco Partners and TPG Capital will acquire its Boomi integration platform as a service, or iPaaS, business in a $4 billion deal.
“This proposed transaction positions Boomi for its next phase of growth and is the right move for both companies, our shared customers and partners,” Dell Chief Operating Officer Jeff Clarke (pictured) said in a statement Sunday.
“For us, we’re focused on fueling growth by continuing to modernize our core infrastructure and PC businesses,” the executive added. Selling Boomi should free up more resources for Dell to invest in its core businesses, while providing the company with new capital it could use to pay off another portion of its more than $40 billion debt pile.
Symphony Technology Group acquires Trace One
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PARIS, April 28, 2021 /PRNewswire/ Symphony Technology Group ( STG ), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors, acquires Trace One, dedicated B2B collaborative platform for Retail and CPG Industries and Private Label.
Trace One is the world s largest collaborative retail business platform for consumer-packaged-goods (CPG). It provides one SaaS inclusive platform with multiple interlocking business applications including product and packaging lifecycle management, sourcing, and compliance. for 25 leading global retailers and 5000+ FMCG manufacturers. Trace One enables customers to create higher quality, trusted, and compliant own-branded goods faster, delivering benefits to their consumers and the environment.
We believe that as a private company, we can be even more agile with greater flexibility to continue investing in innovation, building on our leadership position and staying ahead of threat actors, said chairman and CEO of Proofpoint Gary Steele. Thoma Bravo is an experienced software investor, providing capital and strategic support to technology organisations, and our partnership will accelerate Proofpoint s growth and scale at an even faster pace. This is an exciting new chapter for Proofpoint that would not have been possible without our employees hard work and commitment to our customers, partners and each other.
Proofpoint s valuation at $12.3bn dwarfs those of Symantec and McAfee, which both sold up to larger rivals or private equity for mouth-watering sums of money.
SPH Analytics Announces its National APEX Quality Award Winners for Healthcare Excellence
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Healthcare organizations recognized for excellence in patient satisfaction and overall care
SPH Analytics awards the National APEX Quality Award to healthcare providers who demonstrate the highest level of excellence in patient satisfaction.
As the importance of patient experience is elevated in healthcare through federal reimbursement programs, we are honored to continue partnering with these healthcare leaders year after year as they continue to raise the bar for their own exceptional care delivery. ALPHARETTA, Ga. (PRWEB) April 21, 2021
SPH Analytics announced today that 68 healthcare provider organizations have earned its annual National APEX Quality Award. For the past twelve years, SPH Analytics has awarded the National APEX Quality Award to recognize healthcare providers who demonstrate the highest lev
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