Dell Inc. (Nasdaq: DELL) agreed sell its software unit to buyout firm Francisco Partners Management LLC and the private equity arm of activist investor Elliott Management Corp.

The sale of the unit, which is focused on advanced analytics, database management and data protection, will help Dell reduce its debt burden after a series of deals since its own buyout in 2013. Terms weren’t provided in the statement released Monday.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.