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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Dell to buy cloud computing company Boomi Reuters - Wednesday, November 3 Send IM Story Print Michael Dell, Chairman and Chief Executive Officer of Dell Inc, attends a forum at the American Chamber of Commerce in Hong Kong November 2, 2010. Dell Inc, the world's No.2 PC maker, expects to launch a significant number of tablet PC models next year, its chief executive said on Tuesday, drawing the product's growing popularity since the launch of Apple Inc's iPad. LOS ANGELES - Dell Inc will buy U.S. cloud-computing services company Boomi to shore up its ability to provide software over computer networks. The world's No. 2 PC maker did not disclose terms of the deal for Boomi, which counts Salesforce.com among its clients and helps integrate so-called cloud-based applications and smooth data transfers between programs. Boomi raised $4 million in 2008 in an initial round of institutional funding led by venture capital firm FirstMark Capital. The company is based in Berwyn, Pennsylvania, and was founded in 2000. Privately held Boomi was mentioned as a potential acquisition target after Dell rival IBM bought Cast Iron Systems earlier this year. Dell has been on the acquisition trail, but lost out recently in a bidding battle with larger rival Hewlett-Packard for high-end storage maker 3PAR. Chief Executive Officer Michael Dell had said at an industry event in Hong Kong that the company would announce a cloud-computing acquisition on Tuesday, spurring a round of market speculation on potential targets. Shares of Rackspace Hosting Inc climbed as much as 10 percent, but pared those gains to trade about 3.2 percent higher at $26.16 around midday. Cloud computing refers to technology that allows users to access data, software and services over the Internet and corporate networks, and has been touted as the next big trend in the technology sector, Shares of Dell were up 9 cents at $14.50. Recommend Send IM Story Print Related Articles Airliners fly in face of cyber attack scares AFP - 22 minutes ago HP's new CEO to testify at Oracle-SAP trial Reuters - Wednesday, November 3 US-TECH Summary Reuters - Wednesday, November 3 Oracle buying Art Technology for one billion dollars AFP - Wednesday, November 3 Dell acquires 'cloud' computing services company Boomi AFP - Wednesday, November 3 News Search Top Stories California's legal pot plans go up in smoke World Bank warning over China trade imbalance risk Parcel bombs target German, Italian leaders, embassies More delays for Discovery shuttle launch Bush autobiography says he considered dumping Cheney More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Alcohol more harmful than heroin, crack cocaine: study Troubled actor Charlie Sheen files for divorce Be fit, have fewer colds: study Tennis star Ivanovic heads for Bali after splitting with coach Democrats fear rout as US election day arrives More Most Viewed » Time, like all good things, may come to an end: study Alcohol more harmful than heroin, crack cocaine: study Spectacular unknown species found in Amazon Iranian chocolate thief 'to have hand chopped off' Ancient galaxy is more than 13 billion light years away More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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