Dell Technologies has announced long-anticipated plans to sell its RSA Security business, ultimately tapping private equity firm Symphony Technology Group (STG) to take over the business in exchange for $2.08bn.
Spinning RSA out will allow Dell to simplify its security strategy and focus on securing and protecting data at the edge, in the core and in cloud environments.
“The strategies of RSA and Dell Technologies have evolved to address different business needs with different go-to-market models,” Dell Technologies COO Jeff Clarke wrote in a blog post. “The sale of RSA gives us greater flexibility to focus on integrated innovation across Dell Technologies, while allowing RSA to focus on its strategy of providing risk, security and fraud teams with the ability to holistically manage digital risk.”
RSA, meanwhile, was most interested in a suitor that was enthusiastic about its mission, committed to its customer and partner base, and interested in maximising the company’s talent, experience, and growth potential, president Rohit Ghai wrote in a blog post. The transaction is expected to close in the next six to nine months.
“With a more independent configuration, we expect to be in an even better position to accelerate innovation, ensure customer success with our portfolio of on-prem and cloud solutions, and expand opportunities for our partner ecosystem,” Ghai said.
From Dell’s disposal of several cybersecurity assets to RSA’s flat valuation to STG’s recent entrance into the cybersecurity arena, here are five of the most important things to know about RSA moving into the hands of private equity.
