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Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B – TechCrunch

Francisco Partners is joining forces with TPG to make the deal to buy the integration platform. Boomi is not unlike Mulesoft, a company that Salesforce purchased in 2018 for $6.5 billion, although a bit longer in tooth. Boomi could help and that’s one of the primary reasons for the acquisition, according to Francisco executives. “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. The deal is expected to close later this year, although it will have to pass the typical regulatory scrutiny prior to that.

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