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Dell sells RSA to consortium led by Symphony Technology Group for over $2B

Dell Technologies announced today that it was selling gift defence firm RSA for $2.075 billion to a consortium of investors led by Symphony Technology Group. Other investors include Ontario Teachers’ Pension Plan Board and AlpInvest Partners.

RSA came to Dell when it bought EMC for $67 billion in 2015. EMC bought the company in 2006 for a same expenditure it was sold for today, $2.1 billion. The deal includes several slice, including the RSA security conference supported every year in San Francisco.

As for commodities, the consortium gets RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence — in addition to the conference. At the time of the EMC acquisition, in a letter to customers , Michael Dell actually announced out RSA as one of the companies he looked forward to welcoming to the Dell family after the administer was completed 😛 TAGEND

I am aroused to work with the EMC, VMware, Pivotal, VCE, Virtustream and RSA crews, and I am personally committed to the success of our “companies “, our partners and above all, to you, our customers.

Times change however, and perhaps Dell decided it was simply time to get some money and jettison the ex-serviceman certificate firm to go a bit more modern, as RSA’s approach no longer aligned with Dell’s company-wide insurance strategy.

” The strategies of RSA and Dell Technology have progressed to address different business needs with different go-to-market mannequins. The sale of RSA utters us greater flexibility to focus on integrated innovation across Dell Engineering, while allowing RSA to focus on its strategy of equipping gamble, security and fraud crews with the ability to holistically control digital peril ,” Dell Technology’s chief operating officer and vice chairman Jeff Clarke, wrote in a blog berth announcing the deal.

Meanwhile, RSA president Rohit Ghai tried to placed a fortunate spin on the outcome, formulating it as the next step in the company’s long and storied biography.” The one constant in every bout of our cosmo has been our are concentrated on the success of our customers and our ability to endure through busines disturbance by innovating on behalf of the members of our purchasers ,” he wrote in a blog affix on the RSA company website.

The deal is subject to the normal kinds of regulatory approval before it is finalized.

How Pivotal got bailed out by fellow Dell family member, VMware

Read more: feedproxy.google.com

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