Menu
Dell Technologies sells cyber security unit RSA for U.S.$2B

Dell Technologies sells cyber security unit RSA for U.S.$2B

Deal will close in the next six to nine months

Credit: Dreamstime

Dell Technologies will be selling its cyber security unit, RSA for U.S.$2.08 billion to a consortium headed by Symphony Technology Group, Ontario Teachers Pension Plan Board and AlpInvest Partners.

The two companies expect the deal to close within the next six to nine months, and it will be business as usual.

In a blog, Dell Technologies vice chairman products and operations, Jeff Clarke said it was the right long term strategy for both companies. 

“In determining the best long-term future for RSA, we sought a partner that was enthusiastic about RSA’s mission, committed to its customer and partner base, and interested in maximising the power of RSA’s talent, experience, and tremendous growth potential. We believe Symphony Technology Group will be the right custodian to achieve these goals,” Clarke said. 

“RSA, including RSA Conference, is invaluable to our customers and the security community at large – and with that in mind we will work to ensure a seamless transition.”

Furthermore, Clarke said the sale of RSA will give Dell greater flexibility to focus on integrated innovation across the company, while allowing RSA to focus on its strategy of providing risk, security and fraud teams with the ability to holistically manage digital risk.

“We’ve been working over the last three years to simplify our business and product portfolio to make it easier for our customers to meet their digital transformation requirements. The strategies of RSA and Dell Technologies have evolved to address different business needs with different go-to-market models,” he said. 

RSA president Rohit Ghai as a more independent company, it will be in a better position to accelerate innovation, customer success on-prem and the cloud, and expand opportunities for its partner ecosystem. 

"RSA, STG and Dell Technologies will work closely together after the transaction closes to ensure a smooth transition, and to provide all of our stakeholders with the same level of dedication, service and support they've come to expect from RSA,” Ghai said. 

“We believe today's announcement is great news for all of our stakeholders, and we are excited about the opportunity to take this journey to the next level and unleash the full potential of RSA.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Dell Technologies

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments