04/04/2020

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PE Fund Swoops on Security Biz in $2b Cash Deal

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Private equity curiosity in stability corporations reveals no indications of slowing

Dell has agreed to promote its RSA stability business enterprise to a consortium led by a US-based mostly private equity organization for $two.075 billion, the enterprise confirmed now.

The transaction is the most up-to-date important private equity buyout of a cybersecurity specialist, following Thoma Bravo’s £3.1 billion offer for the UK’s Sophos in October.

The transaction involves the obtain of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Convention.

The offer, led by Symphony Engineering Team, with participation from the Ontario Teacher’s Pension Fund, is anticipated to shut in the following six to 9 months.

RSA presents danger detection and reaction, id and accessibility administration, integrated danger administration and omnichannel fraud avoidance for a consumer base of roughly twelve,five hundred customers. It also runs the RSA Convention.

“As a single of the world’s elite stability brands, RSA represents a excellent option for resolving some of the speedily developing consumer problems that go along with electronic transformation,” claimed William Chisholm, Handling Companion at Symphony Engineering Team. “We are fired up and totally dedicated to maximizing the electric power of RSA’s talent, skills and incredible progress prospective and continuing RSA’s strategy to provide customers with a holistic strategy to controlling their electronic danger.”

Dell COO Jeff Clarke claimed the offer will enable Dell Technologies “to target on our strategy to create automated and smart stability into infrastructure, platforms and devices to preserve data harmless, guarded and resilient” and simplify its portfolio.

RSA President Rohit Ghai claimed: “Symphony Engineering Team (STG) totally supports our vision, and with a extra unbiased configuration, we hope to be in an even better place to speed up innovation, be certain consumer success with our portfolio of on-prem and cloud options, and develop prospects for our husband or wife ecosystem.”

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