Dell's software sale: Boomi not included
Tom Paine
Follow @phillytechnews
Subscribe in a readerDell is selling its main software businesses to Francisco Partners and Elliot Management, it was announced this morning.
An immediate question of local interest is whether Dell Boomi would be included. Apparently not:
Congrats to @DellSoftware on today’s news: https://t.co/A2S9uWrnrw @Boomi is proud to remain part of the @Dell family!— Dell Boomi (@boomi) June 20, 2016
@chinamartens @phillytechnews @boomi @Dell can get more for Boomi standalone. good move
— Bob Moul (@bobmoul) June 20, 2016
It has been evident that Michael Dell, in his interviews and tweets, takes a personal interest in Boomi.
Dell has had to sell the other software businesses to help finance its acquisition of EMC. The price of today's sale has not been disclosed by any participating parties, but some published sources have put it in the $2 billion range. Dell Boomi, despite of its strategic significance, would probably not sell for enough to make a material difference in reducing Dell's overall debt load.
Elliot Management, known as an activist, bought a small stake in Radnor-based Qlik Technologies early this year, bringing pressure that helped lead to its ultimate sale for $3 billion two weeks ago.
Elliot is not known, however, for taking passive positions.
