Francisco Partners and TPG to acquire Boomi from Dell Technologies for $4bn.

Investment firms Francisco Partners and TPG agreed to acquire Boomi, a provider of cloud-based integration platform as a service, from Dell Technologies, an American multinational technology company, for $4bn. "I am incredibly proud that through innovation, passion and relentless execution, the Boomi team has created a unified platform for the modern-day hybrid IT landscape that thousands of customers worldwide depend on to digitally transform their business. By partnering with two tier-one investment firms like Francisco Partners and TPG, we can accelerate our ability for our customers to use data to drive competitive advantage. In this next phase of growth, Boomi will be in a position of strength to further advance our innovation and market trajectory while delivering even more value to our customers," Chris McNabb, Boomi CEO.