Shedding EMC’s content management unit would help the companies soften the financial blow of Dell’s $67 billion bid to buy the storage vendor. Dell, which already is selling its services business for $3 billion and still has its Quest and SonicWall units up for sale, reportedly is now looking to put EMC’s content management division up for bid in its efforts to reduce the amount of debt it will take on when it closes its $67 billion acquisition of the data storage vendor this year. According to unnamed sources who spoke with Bloomberg, Dell and EMC officials are in talks to sell Documentum, a company that EMC bought in 2003 for about $1.7 billion. There was no indication regarding who would by the business unit, though one person said it probably would be a private equity firm. Spokesmen for both Dell and EMC declined to comment on the report. CEO Michael Dell, who in 2013 took his company private in a $25 billion buyout, announced in October 2015 that the tech vendor was buying EMC to accelerate its transformation into a complete enterprise IT solutions and services provider. The deal will not only include EMC, the world’s largest storage technology […]
The post Dell and EMC Reportedly Looking to Sell Documentum Business appeared first on National Cyber Security.
View full post on National Cyber Security