Dell will sell RSA Security to a group of investment firms led by Symphony Technology Group. The transaction is valued at just over two billion dollars (1.8 billion euros).
Earlier, we wrote that the acquisition was imminent, now it is clear that it will definitely go ahead. The divestment will be completed in six to nine months. William Chisholm, Managing Partner at Symphony Technology Group, says that RSA is a ”great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation.”
Dell has chosen a simpler portfolio for its financial liquidity acquisition, compared to its cyber security expertise. According to the company, RSA no longer fits exactly into Dell’s strategy of focusing on automation and smart technologies.
“This is the right long-term strategy for Dell, RSA and our collective customers and partners,” Jeff Clarke, Dell’s chief operating officer and vice chairman, said. “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, which was acquired by Dell when it acquired EMC in 2016, provides a wide range of security and risk management software to more than 12,500 customers. This includes the encryption technology the company is named after: RSA.