Dive Brief:
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Dell Technologies announced it sold its software and services divisions for a total $5.41 billion, according to the Austin Business Journal.
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The deal with Francisco Partners and Elliott Management Corp. for Dell’s software assets was announced in June, but the parties did not include financial deals. Last week, Dell confirmed the deal was worth $2.42 billion.
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The March deal to sell its services division to Japan-based NTT Data International LLC was worth $2.99 billion, Dell said.
Dive Insight:
Dell sold the two divisions to help refocus and streamline the business prior to finalizing its purchase of EMC Corp., which was completed in September. The company has worked to become a leader in areas like the cloud IT infrastructure market, and other strong enterprise technology markets.
The software and services deal included Dell’s systems and information management, security solutions and Statistica businesses, according to the official filing with the U.S. Securities and Exchange Commission.
In March, Dell announced it would sell its IT services subsidiary, Dell Services, to NTT Data. Dell Services primarily provides technology consulting services to hospitals and government departments.
