Dell sells RSA Security to private equity firm for $2 billion

BREAKING News — Fewer than 1 week absent from RSA Meeting 2020, Dell has agreed to promote RSA Security for far more than $two billion.

On Tuesday, a consortium of investors led by Symphony Technological innovation Group (STG) agreed to get RSA in an all-funds transaction for $two.075 billion. The consortium contains Ontario Teachers’ Pension Approach Board and AlpInvest Companions. The deal contains the acquire of products these as RSA NetWitness System and RSA SecurID as very well as RSA Meeting, the world’s greatest infosec celebration.

RSA Security, an id and obtain administration vendor, was obtained by the storage large EMC in 2006 for just underneath $two.one billion in funds. The acquisition was intended to assist consumers manage obtain to info. At the time, a great deal of RSA’s achievements was credited to its preferred portfolio of SecurID multifactor authentication and its BSafe line of encryption and privacy products. RSA

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