Dell selling software group

Stg was founded in 2002 and said its focused on fueling innovative software, data and analytics. Techcrunch has confirmed that francisco partners and elliott management have agreed to acquire dells software division. Dell technologies is selling massachusettsbased rsa to california private equity firm symphony technology group, ontario teachers pension plan board and netherlandsbased alpinvest. Francisco partners and elliott management to acquire the dell software group. Senior account manager software sales at dell technologies. Dell technologies has agreed to sell rsa security to private equity firm symphony technology group stg less than four. Elliott is getting to be a household name in our industry as theyre the. Dell is selling off most of its software division to the private equity firm francisco partners and hedge fund elliott management, the companies announced monday the terms of the deal were. Dell sells software group to francisco partners, elliott. But sort of like selling off an extra car before you buy a house, one or more asset sales involving. The deal comes as the computer maker is working to.

Francisco partners, a leading technologyfocused private equity firm, and elliott management corporation today announced they have completed the previously announced acquisition of the dell software. Dell selling software unit to francisco partners, elliott. At the same time, the two companies were working separately on new products that pushed into each. One thing to note amidst this change, aside from a shift in ownership, is that we anticipate the new. Dell to alter partnerdirect program for software group. Dell sells software assets to francisco partners, elliott management. Dells software business should, in theory, help make up for that.

The pc giant inherited the cybersecurity business when dell acquired. Dell needed to expand its software, networking, security and services offerings. Dell sells off software to double down on its riskiest business. Elliott management, francisco partners and dell issued a joint. Dell and emc have been doing business together for a decade by crossselling products. The dell software group was later sold off in 2016, the researchers noted. Dell sells software unit to francisco partners, elliott. Dell sells rsa to consortium led by symphony technology. Powervault me4 series provides simplified, allinclusive software licensing, including. Dell said to be talking to buyout firms, citigroup about. Dells motivations for selling its rsa assets might not have been. Dell is selling off its software business, including quest software, sonicwall, and the statistica analytics platform, to private equity firms elliot management and francisco partners. Sonicwall splits from dell to become independent security vendor.

Dell software was created merging various acquisitions mainly quest software and sonicwall by dell inc. Dell sold its software group but boomi is staying put. Dell sells rsa security business to privateequity firm. Dells sale of quest software would not only get rid of the duplication, but it might quiet vmware investors because dells large sales team will be pitching only their product rather than both. Dell has confirmed rumors that it is selling off its software division to private equity firms francisco partners and elliott management. Dell and emc have been doing business together for a decade by cross selling products. The deal comes as dell works to complete its acquisition of technology giant emc corp, a deal which is expected to close by the end of october. Emc said planning to sell documentum business amid dell deal. The news of the software group sale comes less than two weeks after dells parent company, denali holding, announced lackluster firstquarter financial numbers. Develop and maintain an external cxo level network to support the. Dell to sell software unit to francisco partners and elliott. Dell software businesses sold to private equity firms.

Dell is selling rsa to simplify its business and product portfolio, said jeff clarke, coo and vice chairman, in a statement. Dell to sell software unit to francisco partners and. Software business sold as dell sheds quest and sonicwall. At the same time, the two companies were working separately on new products that pushed into each others. Dell sells rsa cybersecurity firm to private equity. Francisco partners and elliott management to acquire the. Drive the software selling motion in the german region to create a mature and repeatable ela selling methodology into the region.

Selling such assets as the questdell database tools and systems management, sonicwall network security appassure data backup and its. Yes, silver lake partners dells private equity firm has approved the emc buyout. Dell is in the process of selling off its software groups security, data analytics, and systems and information management solutions to private equity firm francisco partners and hedge. Francisco partners and elliott managements deep passion for technology and proven track records in nurturing and building software businesses will enable dell softwares loyal base of. Dell software was a division of dell with headquarters in round rock, texas, united states. Lowery says theres little opportunity for dell to get back into the market of selling servers to cloud computing providers. Francisco partners and elliott management to acquire the dell.

Dell sells software division to francisco partners and. This past year, dell sold off the dell software group to private equity firm francisco partners and hedge fund manager elliott management, which in november established quest as an independent. Dell sells off software to double down on its riskiest. Sonicwall splits from dell to become independent security. Dell is in serious discussions with several wellknown buyout firms about the possibility of their purchasing sonicwall and quest software, and with citigroup about selling perot systems in deals. Dell technologies has announced that the negotiations with symphony technology group stg have ended and that they will be selling rsa security business to the private equity firm. After dell software group sale, one identity reinvents its. Earlier this week, dell announced that theyre selling their software group to francisco partners and elliott management. Dell has explored the rsa security business unit sale multiple times in recent years.