Security News > 2020 > February > Dell to Sell RSA to Private Equity Firm for $2 Billion

Dell Technologies has agreed to sell its RSA security division to private equity firm Symphony Technology Group in an all cash deal worth more than $2 billion, the companies announced Tuesday.

Dell acquired RSA in 2016, along with VMware and Pivotal, as part of a blockbuster $67 billion deal for EMC, a company best known for its storage products.

RSA will become the latest in a series of well-established security firms to be sold to private equity firms, who view cybersecurity as a hot market.

As part of the deal, Symphony Technology Group will not only buy RSA the company, but also RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and the RSA Conference, according to the announcement.

"The strategies of RSA and Dell Technologies have evolved to address different business needs with different go-to-market models. The sale of RSA gives us greater flexibility to focus on integrated innovation across Dell Technologies, while allowing RSA to focus on its strategy of providing risk, security and fraud teams with the ability to holistically manage digital risk."

News URL

https://www.inforisktoday.com/dell-to-sell-rsa-to-private-equity-firm-for-2-billion-a-13734