The computer manufacturer has confirmed that private-equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy its cloud business
American computer technology giant, Dell Technologies is set to sell its cloud business, Boomi, in a $4 billion cash transaction. The technology company has confirmed that private equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy the company’s cloud business.
“The deal is expected to close by the end of this year,” the company said. Dell Technologies has, however, not disclosed any additional terms of the transaction.
In recent times the computer manufacturer has been under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition.
Advertisement
EVENT
Saksham Bharat 2026
A multi-stakeholder dialogue on skilling gap in Cybersecurity, Data Resilience and AI — and the roadmap to a Saksham Bharat.
Infosec Reimagined 2026 is the premier information security summit where top leaders—CISOs, CROs, CIOs, CTOs and risk executives—converge to redefine cyber resilience.
Digital Senate is a premier conference uniting government leaders, technologists and innovators to share ideas, success stories and strategies on digital governance, public sector transformation, cybersecurity and emerging technologies in India.
CIO Prism unites forward-thinking technology leaders to exchange transformative insights, shape digital strategies, and foster innovation, empowering enterprises to excel in an era of rapid technological change.
The company has said that it would spin off its majority stake in virtual cloud computing software maker VMware, which would trim down its business and make the firm nimbler.
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
India will chair the Common Criteria Development Board from April 2026, gaining influence over international IT security certification standards recognised by 38 countries.
