Dell sold its software group but Boomi is staying put - Philly


Jun. 21, 2016 12:04 pm

Dell sold its software group but Boomi is staying put

Dell is keeping the Berwyn-based SaaS company.

The Boomi booth at the 2016 NetSuite SuiteWorld Conference.

(Photo via Twitter)

Two San Francisco-based equity firms bought Dell’s software arm yesterday.

But in the Philly tech scene, that meant one question popped to the fore: What’s going to happen to Boomi?

The Berwyn, Pa.-based SaaS company founded in 2000 by Rick Nucci was bought by Dell in 2010 for an undisclosed sum.

We reached out to Dell for official comment and here’s what we got:

“Dell is in fact retaining Boomi,” said spokesman David Frink. “[Boomi General Manager] Chris McNabb  remains in charge. We believe that Boomi’s technology offering aligns with our strategic vision.”

Bob Moul, the former CEO of Boomi who oversaw the 2010 acquisition, told via email that hanging on to the business was a good call.

“Given what I’ve heard about their revenues and SaaS multiples rising again, Boomi could be worth north of a half billion dollars on its own,” Moul, now the CEO of Cloudamize, said.

Comment from Boomi was not immediately available, though the company did tweet this:

Companies: Boomi, Dell
Already a member? Sign in here


JP Morgan Chase scoops up InstaMed, but the healthcare-tech company isn’t leaving Philly

The Meet Group adds a same-sex dating app to its portfolio

TechGirlz just got acquired by CompTIA’s nonprofit arm



Why Linode sent this manager to Mumbai for 7 months


The Philadelphia Inquirer

Mobile Tech Lead

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineers

Apply Now

Guru Technologies

Marketing Web Engineer

Apply Now

Why Hero Digital acquired this 50-person firm in San Francisco

Shut down in 2016, IntroNet just got sold to a New York-based SaaS company

Dev shop Happy Cog acquired by NYC firm Vector Media Group



This financial services firm offers global opportunity in the heart of Philly

Philadelphia, PA


Senior UX Designer

Apply Now
601 Lee Road Chesterbrook, PA 19087


Web Application Developer

Apply Now
Chesterbrook, PA


Software Developer

Apply Now

Sign-up for daily news updates from Philadelphia

Do NOT follow this link or you will be banned from the site!