Why is Dell really dropping its assets? To fund its EMC acquisition
#Dell is cutting its losses with its sale of @DellSoftware Group, according to a Technology Business Research white paper, titled ‘Selling the Software Group makes strategic and financial sense for #Dell and its partners’.
The white paper details how @FranciscoPartners and @ElliottManagement are acquiring all #DellSoftware Group brands – Except #Boomi, for what TBR estimates to be between $3-4 billion.
Several years ago Dell acquired a range of assets for its portfolio, including #Quest Software, a transaction worth $2.4 billion in 2012. Now, however, Dell has decided to drop its Software Group assets. Dell has also relinquished control of @DellServices, which will be acquired by @NTTDATA.