#Dell selling #SonicWall would be like a haircut not an organ removal, say partners Dell partners say they would take sell-off of SonicWall and other software assets in their stride following Reuters report this morning
Partners reacting to a report this morning that Dell is close to selling off SonicWall and Quest have played down the impact it would have on their business, with one likening it to "having a haircut rather than removing an organ".
According to Reuters, Dell is in advanced talks to sell its software division for more than $2bn (£1.36bn) to Francisco Partners and Elliott Management.
SonicWall and #Quest – which Dell acquired for $1.2bn and $2.4bn respectively in 2012 – would be included in the deal, but not Boomi, the report said.
Dell said it "does not comment on rumour and speculation" but, if true, it would represent the latest move by the vendor to bolster its balance sheet ahead of its $67bn acquisition of EMC. In March, Dell agreed to sell its professional services business to NTT Data for $3.06bn, before spinning off its SecureWorks security services arm in an IPOin April.
News that SonicWall and Quest could be next did not come as a surprise to Dell partners we spoke to, who had heard rumblings of such a move - which was first touted as far back as November - in recent days.
Roger Harry (pictured), CEO of Dell Premier partner Circle IT, expressed disappointment at the move, but said he hoped Dell would secure an OEM agreement with SonicWall as part of any deal.
No comments:
Post a Comment