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VMW Sep 2021 240.000 call

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  • VMware to participate at the Dell Technologies Financial Analyst Q&A at Dell Technologies World
    Business Wire

    VMware to participate at the Dell Technologies Financial Analyst Q&A at Dell Technologies World

    VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced that Zane Rowe, as VMware’s interim chief executive officer, and Raghu Raghuram, VMware’s chief operating officer, products and cloud services, will participate at the Dell Technologies Financial Analyst Q&A at Dell Technologies World on Wednesday, May 5, 2021 at 11:30 a.m. PT/ 2:30 p.m. ET. VMware’s financial performance will not be discussed during the Q&A session in advance of VMware’s release of fiscal year 2022 first quarter financial results.

  • Francisco Partners, TPG Agree to Buy Dell’s Boomi for $4 Billion
    Bloomberg

    Francisco Partners, TPG Agree to Buy Dell’s Boomi for $4 Billion

    (Bloomberg) -- Dell Technologies Inc. has agreed to selling its Boomi cloud business to private-equity firms Francisco Partners and TPG in a cash deal valued at $4 billion, as part of efforts by Chief Executive Officer Michael Dell to trim down the personal computer maker.The deal is expected to close by the end of this year, the companies said in a statement Sunday without providing additional details of the terms. Dow Jones had earlier reported the companies were near a deal.Boomi specializes in integrating different cloud platforms for companies and has more than 15,000 customers. Dell agreed to acquire the company for an undisclosed amount in 2010, a statement showed at the time.“This proposed transaction positions Boomi for its next phase of growth and is the right move for both companies, our shared customers and partners,” Jeff Clarke, vice chairman and chief operating officer of Dell, said in the statement. “For us, we’re focused on fueling growth by continuing to modernize our core infrastructure and PC businesses and expanding in high-priority areas.”Dell has been cleaning up its balance sheet in recent years and hiving off a variety of businesses. The company announced plans last month to spin off its stake in infrastructure software provider VMware Inc., its most valuable asset. Last year, it sold cybersecurity unit RSA for $2.08 billion to a private equity firm.The company is trying to reduce its dependence on hardware sales and transform into a seller of subscription-based computer services. While that shift is ongoing, the company still gets about half of its revenue from sales of personal computers to commercial and consumer customers.Read more: Dell Is Said to Explore Sale of Boomi Cloud BusinessFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Francisco Partners, TPG Near Deal to Buy Dell’s Boomi, DJ Says
    Bloomberg

    Francisco Partners, TPG Near Deal to Buy Dell’s Boomi, DJ Says

    (Bloomberg) -- Dell Technologies Inc. is close to selling its Boomi cloud business to private-equity firms Francisco Partners and TPG in a deal that values the platform at $4 billion including debt, Dow Jones reported, citing people familiar with the matter.The deal could be announced as early as Sunday night, according to the report. Boomi specializes in integrating different cloud platforms for companies. Dell agreed to acquire the company for an undisclosed amount in 2010, a statement showed at the time.Dell has been cleaning up its balance sheet in recent years and hiving off a variety of businesses. The company announced plans last month to spin off its stake in infrastructure software provider VMware Inc., its most valuable asset.Last year, it sold cybersecurity unit RSA for $2.08 billion to a private equity firm.The company is trying to reduce its dependence on hardware sales and transform into a seller of subscription-based computer services. While that shift is ongoing, the company still gets about half of its revenue from sales of personal computers to commercial and consumer customers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.