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Dell Selling Boomi For $4B To Focus On ‘High-Priority’ Markets
‘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,’ says Dell Vice Chairman and COO Jeff Clarke. By Mark Haranas May 03, 2021, 08:32 AM EDT
Dell Technologies is evolving itself once again with the $4 billion sale of its cloud business Boomi to private equity firms in a move to shift its focus to “high-priority” areas including changing its sales motion toward as-a-service.
The news of Dell selling Boomi comes a few weeks after Dell confirmed the spin-off later this year of its majority stake in VMware and 15 months since Dell sold its cybersecurity business RSA for over $2 billion to private equity firm STG Partners.
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AustraliaUnited-statesHong-kongUnited-kingdomBrazilChinaAustriaRussiaMexicoIndiaEgyptNetherlands Dan Springer, CEO. DocuSign
Springer took the helm as DocuSign's CEO in January 2017 with the mission of taking the company public. Springer came to the company with IPO experience under his belt: He helped take the cloud software and services company Responsys public and led its $1.6 billion sale to Oracle in 2014.
DocuSign hired Springer after more than a year-long search for a new leader and an exodus of executives in 2016. He cut his teeth in the software-as-a-service (SaaS) industry at a range of companies like NextCard, one of the first online credit card issuers, and the tech-based media marketing company Modem Media.
GermanyAustraliaJapanCanadaUnited-kingdomFranceBrazilScott-olrichJoan-burkeEmily-heathSteve-krauseMike-sheridanDell Technologies is reportedly looking to sell its cloud platform-as-a-service company Boomi for a deal valued at up to US$3 billion as Dell continues to shed its various businesses.
Dell sold its cybersecurity business RSA for just over $2 billion to private equity firm STG Partners last year. In December 2019, Dell sold its cloud-native Kubernetes and containers company Pivotal Software to VMware for $2.7 billion. Then in a blockbuster move this week, Dell officially confirmed it will spin off its majority stake in VMware.
Dell Technologies founder and CEO Michael Dell is looking to trim the US$94.2 billion company’s operations by exploring the sale of Boomi as the company is already working with a financial adviser on the matter, according to a report by Bloomberg citing people familiar with the matter.
BoomiNew-south-walesAustraliaMichael-dellDell-chromebooksVmwareBloombergPivotal-softwareDell-technologiesDellபூமிபுதியது-தெற்கு-வேல்ஸ்Dell Stock Soars 8 Percent After Dell-VMware Spin-off Confirmed
“I don’t see any negative impact from this at all to the user base, partner community or on the technology side,” says Presidio CEO Bob Cagnazzi, regarding Dell Technologies’ spin-off of VMware. By Mark Haranas April 15, 2021, 11:58 AM EDT
Dell Technologies’ stock today is up 8 percent after the company confirmed the spin-off its 81 percent stake in VMware set for later this year as well as reports that Dell is looking to sell its cloud platform company Boomi.
“Dell is continuing to invest in all the right areas for where the market is going and Michael Dell has done that forever,” said Bob Cagnazzi, CEO of Presidio, one of the country’s top solution providers and Dell partners. “VMware, certainly with [former CEO] Pat Gelsinger and now post Pat, has positioned itself really, really well for the hybrid cloud world – I don’t see that changing. … I don’t see any negative impact from this at all to the user base, partner community or on the technology side.”
Michael-dellPat-gelsingerBob-cagnazziDell-technologieVmwareBloombergExchange-communicationPivotal-softwareDell-technologiesEll-technologiesDell-emcமைக்கேல்-டெல்Dell Could Sell Boomi For $3 Billion: Report
Dell Technologies is looking to continue to shed its various businesses, such as RSA and VMware, as Dell is reportedly exploring the sale of its cloud platform company Boomi. By Mark Haranas April 15, 2021, 10:24 AM EDT
Dell Technologies is reportedly looking to sell its cloud platform-as-a-service company Boomi for a deal valued at up to $3 billion as Dell continues to shed its various businesses.
Dell sold its cybersecurity business RSA for just over $2 billion to private equity firm STG Partners last year. In December 2019, Dell sold its cloud-native Kubernetes and containers company Pivotal Software to VMware for $2.7 billion. Then in a blockbuster move this week, Dell officially confirmed it will spin off its majority stake in VMware.
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