Dell sells Software group to Francisco, Elliott

News General Global 21 JUN 2016
Dell sells Software group to Francisco, Elliott

Dell has sold its Software Group to Francisco Partners and Elliott Management for an undisclosed amount. Reports put the amount at over USD 2 billion. The deal includes Quest Software and SonicWALL.

Francisco Partners said the operations provide mission-critical software to a base of 180,000 customers, and that the investment group sees significant opportunity to build upon the company’s technology and product portfolio.

Categories:

General

Companies:

Dell EMC,  Sonicwall

Regions:

Global

Tags:

IT - applications, Corporate strategy, M&A buyouts & divestments

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