Dell Technologies is selling off its Boomi cloud business to two private equity firms in a deal valued at $4 billion.
The Round Rock-based technology giant is selling the segment to Francisco Partners and TPG in a cash deal expected to close later this year.
Dell acquired Boomi in 2010 for an undisclosed amount. The Pennsylvania-based business unit uses low-code and data integration technology on its platform to make it easier for businesses to connect applications, people and processes across locations and devices within a company. Dell said Boomi is used by more than 15,000 customers globally.
Jeff Clarke, vice chairman, and chief operating officer of Dell Technologies, said the cloud segment has flourished under Dell and that the deal positions Boomi to continue growing.
Mansion Global
From tax changes to rental rules to infrastructure plans, what’s happening nearby is of utmost importance By V.L. Hendrickson |
Save
Argentina passed a progressive tax that can mean a 5.25% charge on individuals with assets worth more than 200 million pesos (US$2.5 million). Anton Petrus / Getty Images
Argentina passed a progressive tax that can mean a 5.25% charge on individuals with assets worth more than 200 million pesos (US$2.5 million).
Anton Petrus / Getty Images
Think globally, but buy real estate locally.
Although the economy of a country as a whole is a factor to consider when researching real estate, it’s just one of the considerations super-prime investors should take into account. They should also be examining local issues like taxation and long-term infrastructure planning as they mull the decision to invest in luxury real estate.