Telecom Tech Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Telecom Tech Outlook
The deal includes the purchase of RSA NetWitness Platform, RSA Archer, RSA SecurID, RSA Fraud and Risk Intelligence, and the company's RSA Conference is expected to close in the next six to nine months.
FREMONT, CA: Dell, an American multinational computer technology company, signed a deal to sell RSA Security to private equity firm STG Partners. Dell, in a public announcement last Tuesday, said it is selling RSA Security to STG in an all-cash deal for $2.075 billion, subject to certain adjustments. The transaction includes the purchase of RSA NetWitness Platform, RSA Archer, RSA SecurID, RSA Fraud and Risk Intelligence and the company's RSA Conference is expected to close in the next six to nine months. Dell did not disclose the terms of the agreement yet. The RSA Conference is one of the largest security conferences in the world.
"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, in a statement. "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."
See Also: Best Cybersecurity Companies
Rumors started taking shape last November that Dell is looking to sell its RSA Security in order to focus on its core businesses.
Founded in 1982, RSA Security provides cybersecurity solutions that are intended to help organizations detect, respond, and investigate the advanced attacks, and help reduce fraud, IP theft, and cybercrime. RSA serves and protects more than 30,000 customers around the globe. RSA said on its website that it "helps more than 90 percent of the Fortune 500 companies thrive and continuously adapt to transformational change." RSA uses two-factor authentication for user software to connect them to a network resource.
RSA came under Dell's roof after Dell bought EMC for $67 billion in 2016. Prior to that, EMC bought RSA for about $2.1 billion in 2006.
Most enterprises, service providers, and organizations are striving to keep pace with the evolving cybersecurity threats. Therefore private equity firms and vendors are targeting to acquire a number of data center companies and cybersecurity firms to provide service to a large section of the industry.
See also: Top Telecom Technology Solution Companies
However, if you would like to share the information in this article, you may use the link below: