Dell Technologies to sell cybersecurity business RSA for $2bn
Dell Technologies has signed an all-cash deal worth $2.075 billion to sell its cybersecurity business RSA to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board, and AlpInvest Partners.
The sale includes RSA Archer, RSA NetWitness Platform, RSA Fraud and Risk Intelligence, RSA SecurID, and RSA Conference.
Jeff Clarke – Chief Operating Officer and Vice Chairman of Dell Technologies said: “This is the right long-term strategy for Dell, RSA and our collective customers and partners.
“The transaction will further simplify our business and product portfolio. It also allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”
RSA offers risk, security and fraud teams with the ability to manage digital risk holistically. This includes threat detection and response, integrated risk management, identity and access management, and omnichannel fraud prevention.
According to Dell Technologies, more than 12,500 customers depend on RSA to enable their digital transformation, handle increasingly advanced cyber threats, and adapt to more complex digital regulations.
William Chisholm – Managing Partner at Symphony Technology Group said: “As one of the world’s elite security brands, RSA represents a great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation.
“We are excited and fully committed to maximizing the power of RSA’s talent, expertise and tremendous growth potential and continuing RSA’s strategy to serve customers with a holistic approach to managing their digital risk.”
The sale of RSA, which is subject to customary conditions, is likely to be wrapped up in the next six to nine months, said Dell Technologies.