RSA Security seems to disappear from Dell Technologies’ portfolio after a few years. The security branch will, in all likelihood, be sold to investment company STG for an amount of two billion dollars (1.8 billion euros).
RSA, which joined the Dell Technologies family in 2016 through the acquisition of EMC, manages a portfolio with some thirty thousand customers and offers users a security package including encryption technology. RSA would also continue to operate as it does today, only as owned by private investors who want to sell the branch later for a higher price.
Such practices have become more common in recent months. Forescout Technologies, for example, was recently acquired for just under two billion dollars by the investment company Advent International and Crosspoint Capital Partners; a month earlier, it was Insight Partners that took over Veeam Software for a sloppy five billion dollars.
The deal between Dell and STG is not yet complete, but according to the Wall Street Journal, it’s only a matter of time before both parties reach an agreement. For Dell, the sale would eliminate a small portion of the debt collected when it took over EMC in late 2016. That acquisition involved an amount of 67 billion dollars.