In a move to simplify its set of businesses, Dell Technologies announced it will sell RSA Security Unit to a consortium led by Symphony Technology Group for $2.075 billion.
With more than 12,500 customers, RSA provides security technologies for threat detection and response, identity and access management as well as scam prevention.
William Chisholm, Managing Partner at Symphony Technology Group, said: “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.” “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.”
“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.”
The transaction is likely to close in the next six to nine months, depending on customary conditions.
“Until the transaction closes, it will be business as usual,” RSA president Rohit Ghai wrote in a blog post. “RSA, STG and Dell Technologies will work closely together after the transaction closes to ensure a smooth transition.”