The investment firms are set to acquire Chesterbrook-based Boomi from Dell in a deal valued at $4 billion

Boomi should have new owners.

The Chesterbrook-based SaaS company, which was first acquired by Dell more than a decade ago, is now at the center of an impending deal that will transfer from the IT giant to global investment firms Francisco Partners and TPG Capital.

The definitive agreement for the acquisition, announced in a company blog post in May, is expected to close by the end of this year. The cash transaction for the deal is valued at $4 billion, the company said.

Boomi was founded by Rick Nucciwho later co-founded Technologies Guru, of which he is now the CEO. Nucci raised Boomi to around 30 and sold him to Dell in 2010. The company specializes in cloud-based integration platform as a service (iPaaS).

The deal with Francisco Partners and TPG Capital “positions Boomi for its next phase of growth and is the right move for both companies, our mutual customers and partners,” said Jeff Clarkvice president and CEO of Dell Technologies said in a statement.

Clark went on to say that Dell is focused on driving growth by modernizing its PC infrastructure and business and expanding in areas such as hybrid and private cloud, edge, telecom and APEX.

“I am immensely proud that through innovation, passion and relentless execution, the Boomi team has created a unified platform for the modern hybrid IT landscape that thousands of customers around the world depend on. to digitally transform their business”, Chris McNabb, CEO of Boomi, said in a statement. “By partnering with two leading investment firms such as Francisco Partners and TPG, we can accelerate our ability for our clients to use data to create competitive advantage. In this next phase of growth, Boomi will be in a strong position to advance our innovation and market trajectory while delivering even more value to our customers.

Dipanjan Debco-founder and CEO of Francisco Partners, said in a statement that the company has been following Boomi’s work on iPaaS for several years.

“The ability to integrate and connect data and workflows across any combination of applications or domains is a critical business capability, and we strongly believe Boomi is well positioned to help businesses of all sizes. turn data into its most valuable asset,” said Deb.

At the end of 2019, the Saas company had around 1,200 employees worldwide, with around 400 employees based in its Chesterbrook office and around 25 employees in a downtown office. Its technology is used by more than 15,000 customers worldwide. A company spokesperson did not immediately respond to an inquiry about whether Boomi staff would be affected.

End of 2019, Boomi announced that it would acquire Unifi Softwarewhich has locations in California and India and offers a cloud-based suite of self-service data tools that can help users find and use data.

“The acquisition extends Boomi’s industry-leading data integration and management platform to accelerate successful, data-driven insights for customers,” the company said in a statement on the acquisition. at the time.

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