Boomi
“Can iPaaS remain the connective tissue of the enterprise as AI agents become the primary integration consumer?”
Founded2000
HQConshohocken, Pennsylvania, United States
FoundersRick Nucci
Latest roundAcquired by Francisco Partners and TPG Capital from Dell Technologies (2021, $4B)
Valuation$4B (2021 acquisition)
IndustryHorizontal SaaS / iPaaS
The story
Boomi is an integration-platform-as-a-service (iPaaS) vendor founded in 2000, acquired by Dell in 2010, and spun back out in 2021 to Francisco Partners and TPG at a $4B valuation. Its core business is application/data integration, API management, and — increasingly — AI-agent connectors to enterprise systems. It is not itself an embedded-finance company; its exposure to the space is as an integration middleware layer that connects finance systems (accounting via Apideck) into AI-agent workflows.
Last 12 months
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Product timeline
2000
Boomi founded in Berwyn, Pennsylvania by Rick Nucci.· founding
2007
Launched cloud-based iPaaS platform.· product
2010
Acquired by Dell.· acquisition
2021
Sold by Dell to Francisco Partners and TPG Capital for $4B.· acquisition
2025
Added Apideck Accounting MCP connector for AI agents to interact with QuickBooks/Xero/Sage.· product
The stack
2 layers disclosed in Boomi’s embedded-finance stack
Unified APIs
Accounting
in the full report
Accounting gap: none
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.