Dell Inc. is selling its software group as the computer maker continues to sell assets and change strategy to focus on its acquisition of storage vendor EMC Corp.

Private-equity firm Francisco Partners and hedge fund Elliott Management Corp. said Monday that they would buy Dell Software Group for an undisclosed price.

The software group provides services to corporations such as analytics, database management, data protection, access control and performance monitoring.

Dell has been working to finance its $67 billion acquisition of EMC, including by selling its information-technology-services division for $3.05 billion and selling $20 billion in bonds.

In recent years, Dell has tried to expand from its traditional hardware businesses and into software. Now, Dell is focusing on the data-storage hardware and data-center software from VMware Inc., which are being brought in from the EMC deal, and getting out of some previous bets.

In 2012, Dell bought tech-security company SonicWall Inc. for $1.2 billion and business-software maker Quest Software Inc. for $2.36 billion. Both are included in the deal.

                   Michael Dell                 took his namesake company private in 2013.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

June 20, 2016 10:35 ET (14:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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