Dell, the multinational computer technology company has confirmed that the company is selling its legacy network security subsidiary, RSA Security for $2.075 billion approx. In an announcement, Dell declared that a consortium of investors led by Symphony Technology Group will be the buyer along with the participation of other investors including AlpInvest Partners and Ontario Teachers’ Pension Plan Board.
Previously, RSA had been founded as an independent company in 1982 which was acquired by EMC Corporation in 2006 for almost $2.1 billion. In 2016, Dell Technologies garbed EMC and made RSA a part of its family.
In the current deal, it has been decided that the consortium will get RSA NetWitness Platform, Risk Intelligence, RSA Archer, RSA Fraud and RSA SecurID as RSA’s products along with the RSA Security Conference which is being arranged in San Francisco every year.
While announcing the deal in a blog post, Jeff Clarke, the Vice Chairman and COO of Dell has mentioned about the support the company experienced from RSA. He stated, “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.”
During the acquisition of EMC, Michael Dell, the Founder of Dell Technologies stated in a letter to customers that he had an eye on RSA to make it a part of Dell family. He said, “I am excited to work with the EMC, VMware, Pivotal, VCE, Virtustream and RSA teams, and I am personally committed to the success of our new company, our partners and above all, to you, our customers.”