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Dell flogs RSA

by on19 February 2020

Banks $2.075 billion

Tin box shifter Michael Dell has flogged off his RSA business for $2.075 billion to a  consortium led by Symphony Technology Group.

Apparently Dell has found his dossier too bulky for a man of his size and wanted to try his hand at something a little smaller.

RSA provides security technologies for threat detection and response, identity and access management as well as fraud prevention. RSA has more than 12,500 customers.

According to Dell, the all-cash deal includes RSA Archer, RSA NetWitness Platform, RSA SecureID, RSA Fraud and Risk Intelligence and the RSA Conference. The Symphony Technology Group consortium includes the Ontario Teachers' Pension Plan Board (Ontario Teachers') and AlpInvest Partners (AlpInvest).

Dell's deal to sell RSA comes as Broadcom acquired Symantec Enterprise Security business for $10.7 billion and Symantec's consumer unit became NortonLifelock. McAfee, formerly part of Intel, is now independent with a new CEO.

The deal is expected to close in six to nine months.


Last modified on 19 February 2020
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