Menu
EMC to buy RSA Security for $2.1 billion

EMC to buy RSA Security for $2.1 billion

EMC, looking to further its plan for information-centric security, has agreed to buy RSA Security for about US$2.1 billion in an all-cash transaction, the companies announced on Thursday.

The merger would unite market leaders with a shared vision for helping organizations of all sizes securely manage information throughout its lifecycle, the companies said. Through the acquisition, identity and access management solutions, encryption, and key management are added to EMC's security portfolio.

"The combination of EMC and RSA will be of tremendous value to our joint customers," said Art Coviello, president and CEO of RSA, during a teleconference.

"Information security is a top priority among executives around the world, and it has become an inseparable attribute of information management," said Joe Tucci, EMC chairman, president, and CEO, in a statement. "Businesses can't secure what they don't manage, and when it comes to securing information, that means simply two things: managing the data and managing access to the data," he said. Bringing RSA into the EMC fold provides EMC with the technologies to deliver information lifecycle management securely, he added.

Integrating RSA authentication and access capabilities will build on EMC's foundation for securing products and processes, the companies said. RSA's encryption and key management technology will be central to EMC's strategy to protect information regardless of whether it is within or outside of an organization.

Under terms of the agreement, EMC will pay $28 per share for each share of RSA and the assumption of outstanding options. The transaction is expected to close late in the third quarter of this year or early in the fourth quarter of 2006.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments