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Process and Control Today | Landmark global survey reveals 94% of businesses favour composable ERP strategy
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Business Scoop » Businesses Are Prioritising Composable ERP Strategy As Pandemic Accelerates Cloud Migration
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Businesses Are Prioritizing Composable ERP Strategy as Pandemic Accelerates Cloud Migration
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What Boomi brings to the table in a post-sale world
What does Boomi bring to the table?
Chris McNabb (CEO - Boomi) Credit: Boomi
Dell’s recent deal to sell subsidiary Boomi to private equity players Francisco Partners and TPG Capital initially raised some eyebrows, but now one market analyst claims it has potential granted it, and future buyers, are in sync.
This is according to Geoff Woollacott, senior strategy consultant and principal analyst at industry analyst firm Technology Business Research (TBR), who previously forecasted that Boomi would be likely put up for sale again in the near future the nature of private equity players is to buy, restructure and resell for a profit, after all.
Dell offloads Boomi for $4B
Dell offloads Boomi for $4B
The cash transaction is expected to close by the end of 2021.
Jeff Clarke (Dell Technologies) Credit: Dell Technologies
Dell Technologies has struck a US$4 billion deal to sell its Boomi subsidiary, a global cloud-based integration platform-as-a-service (iPaaS) provider, to private equity players Francisco Partners and TPG Capital.
The cash transaction is expected to close by the end of 2021, subject to customary closing conditions. However, terms of the agreement have not been disclosed.
Acquired by Dell in 2010, Boomi claims more than 15,000 customers globally, along with over 800 global partners and more than 36,000 Boomi certifications worldwide.