Dell Ventures, the corporate venturing arm of US-based computer maker Dell, is reported by the Wall Street Journal to have widened its investment focus to include cloud, data center, big data, software, security and mobility.
Parent company Dell has itself been subject to an eight month takeover battle by founder and chief executive officer Michael Dell, who finally won majority shareholder approval on 12 September for his buyout bid, which is supported by private-equity firm Silver Lake. The $25bn deal, which is financed by a $7.2bn loan, still needs approval from regulatory authorities, but completion is expected by 1 November.
Jim Lussier, managing director of Dell Ventures, told the Wall Street Journal that Dell Ventures, which has been on roadshows in Silicon Valley, Boston and Israel, had been seeing “a tremendous amount of quality deal flow, with strong teams and great VCs involved.”
Lussier also said that Dell Ventures had been working in to make its parent company a more proactive investor.