Dell sells the security division RSA, which came into the company after the takeover of EMC, and their solutions to an investor consortium.
The Purchase Price Is 2 Billion Dollars
The Symphony Technology Group and Dell Technologies have apparently agreed on the sale of Dell’s RSA subsidiary. The deal is expected to go for around 2 billion dollars. Everyone should benefit, as Dell says on its blog: We believe that this is the right long-term strategy for RSA and Dell Technologies to ensure that the full potential of every organization can be achieved. For RSA, this is best achieved independently of Dell Technologies and is in the best interest of our mutual customers and partners.
The sale of RSA is another part of Dell’s strategy to divest certain assets. In the past, the company had already sold Quest and SonicWall to a financial investor. When the RSA deal is complete, Dell’s security portfolio will be limited to SecureWorks. Dell acquired the security provider 9 years ago. SecureWorks provides an early warning system for emerging cyber threats.
With the sale of RSA Security, Dell wants to simplify its business and product portfolio. The customers can more easily meet their digital transformation needs. RSA and Dell Technologies strategies have evolved to meet different business needs with different launch models. Until the transaction is completed, which is expected to occur this year, the business should continue as usual.
With its solutions for identity and access management, threat detection, risk assessment and fraud prevention, the manufacturer claims to protect more than 30,000 customers worldwide. RSA was acquired by EMC in 2006 and joined Dell in 4 years ago with the sale of the storage specialist.
Back in November last year, Dell began looking for a buyer for RSA, Bloomberg reports. Back then, Dell was hoping for sales of around 1 billion, including debt.