Boomi IPO
Boomi is a cloud-based integration platform company that helps organizations connect applications, data, and devices across hybrid IT environments. Originally part of Dell Technologies, Boomi was spun out and acquired by private equity firms Francisco Partners and TPG in 2021. The company serves enterprises needing to integrate complex, multi-cloud environments.
Key Facts
| Industry | Integration Platform as a Service |
| Founded | 2000 |
| Headquarters | Chesterbrook, PA |
| Employees | ~1,500 |
| Website | boomi.com |
| Funding | Acquired by Francisco Partners and TPG for $4B in 2021 |
About Boomi
Boomi operates as a leading cloud-based integration platform that connects applications, data, and people across hybrid IT environments. The company's AtomSphere platform enables organizations to integrate software-as-a-service, on-premises, and cloud applications without appliances, software, or coding, serving over 20,000 customers globally. Originally founded as an independent company and later acquired by Dell in 2010, Boomi was spun out again in 2021 when Francisco Partners and TPG acquired it for $4 billion.
Boomi's platform distinguishes itself through its low-code/no-code approach to integration, making it accessible to both technical and business users. The company has expanded beyond basic integration to offer API management, master data management, and workflow automation capabilities, positioning itself as a comprehensive integration platform that addresses the growing complexity of enterprise IT ecosystems.
IPO Status
Boomi has not filed for an IPO, contrary to the initial status provided. The company was acquired by Francisco Partners and TPG from Dell Technologies in a deal valued at approximately $4 billion in 2021. Since the acquisition, Boomi has been operating as an independent company under private equity ownership, focusing on growth and market expansion in the integration platform space. While Boomi's private equity owners may eventually pursue an IPO as an exit strategy, no such plans have been announced or filed. The company continues to invest in its platform and expand its customer base. Any potential IPO would likely depend on the company's performance under new ownership and favorable market conditions for enterprise software companies.
Competitors
Frequently Asked Questions
Does Boomi have a stock?
No, Boomi has not had an IPO. The company was acquired by private equity firms Francisco Partners and TPG from Dell Technologies in 2021 and remains private.
When is the Boomi IPO date?
Boomi has not announced an IPO date or filed for public offering. The company is currently owned by private equity and has not disclosed any public market plans.
How can I buy Boomi stock?
You cannot buy Boomi stock as it is privately held by Francisco Partners and TPG. The company is not publicly traded on any exchange.
Stay Updated on the Boomi IPO
Get real-time alerts when Boomi files for an IPO, prices shares, or begins trading.
Get IPO Alerts