Dell is selling its Software Group to private equity firm, Francisco Partners and Elliott Management Corp. for an undisclosed sum. The deal comes as the computer maker is working to finance its proposed $67 billion purchase of storage firm EMC.

Dell’s Software Group includes the company’s security, data analytics, and information management software. Those produces will now become part of Francisco Partners and Elliott Management’s growing technology portfolios.

Francisco Partners was founded in 1999 to pursue these types of “divisional carve outs” in the technology sector, says Dipanian “JF” Deb, CEO of Francisco Partners, in a press release. Francisco Partners has raised about $10 billion in capital and invested in more than 150 technology companies since it was formed about 15 years ago.

Elliott has also been a long-term investor in technology. The company recently established a Menlo Park, Calif.-based affiliate, Evergreen Coast Capital, that will handle the deal.

Dell has been trying to move away from its traditional hardware business and focus more on data-storage and data-center software. The company announced last October that it planned to acquire storage firm EMC for $67 billion. That deal is likely to close in July.

Dell's purchase of EMC comes in three major pieces: the debt offering; a $24.05-per-share cash payment to EMC shareholders; and the creation of a VMware tracking stock. EMC owns a controlling stake in VMware.

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