Wednesday, April 21, 2021

Dell reportedly looking to unload its cloud unit

Hot on the heels of its pending spin-off of VMware, Dell is now reportedly looking to sell off its Boomi cloud business for $3 billion. Bloomberg first broke the news, citing people familiar with the matter.

Dell is working with a financial adviser on the sale, sources told Bloomberg, and the idea is said to be in the early stages. One thing about Dell, it does not rush these decisions. The VMware spin-off, which has been discussed for years, started last summer and only now is coming to fruition.

Boomi provides an integration platform as a service (iPaaS), which enables the connection of applications and data sources. The platform provides API, lifecycle management, and event-driven architecture features for cloud integration. Dell acquired Boomi in 2010.

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Thanks to Andy Patrizio (see source)

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