Monday, 24 February 2020 02:07

Dell to sell RSA to private equity

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Dell has announced the sale of RSA to a consortium composed of Symphony Technology Group, Ontario Teachers' Pension Plan Board and AlpInvest Partners. The consortium will pay US$2.075 billion in an all-cash deal.

The announcement was made by Symphony Technology 0n 18 Februiary.

After its initial founding in 1982, RSA (named for its three founders Ron Rivest, Adi Shamir and Leonard Adleman) was acquired by EMC Corporation in 2006 for US$2.1 billion where it operated as a wholly-owned division. EMC was acquired by Dell Technologies in 2016 and RSA became one of Dell's family of brands.

"This is the right long-term strategy for Dell, RSA and our collective customers and partners," said Jeff Clarke, chief operating officer and vice-chairman, Dell Technologies. "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."

"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," said William Chisholm, managing partner at Symphony. "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."

Probably RSA's most visible product is its range of secure tokens that are used to generate seemingly random numbers to authenticate users into various computer systems.

The transaction, which includes the purchase of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Conference, is expected to close in the next six to nine months. The terms of the agreement were not disclosed.

The RSA annual conference and exhibition is due to open in San Francisco on Monday (US time) and the sale . Itis likely to be a major topic of discussion.

 

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