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

Incorporate to favorites Non-public equity fascination in protection companies reveals no indications of slowing Dell

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Non-public equity fascination in protection companies reveals no indications of slowing

Dell has agreed to sell its RSA protection organization to a consortium led by a US-dependent private equity business for $2.075 billion, the corporation verified these days.

The transaction is the hottest significant private equity buyout of a cybersecurity specialist, following Thoma Bravo’s £3.1 billion offer for the UK’s Sophos in Oct.

The transaction consists of the order of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Threat Intelligence and RSA Conference.

The offer, led by Symphony Engineering Group, with participation from the Ontario Teacher’s Pension Fund, is expected to close in the up coming 6 to nine months.

RSA offers risk detection and reaction, id and accessibility administration, integrated hazard administration and omnichannel fraud prevention for a purchaser foundation of close to 12,500 customers. It also operates the RSA Conference.

“As a person of the world’s elite protection models, RSA signifies a excellent prospect for solving some of the speedily establishing purchaser difficulties that go alongside with digital transformation,” claimed William Chisholm, Taking care of Spouse at Symphony Engineering Group. “We are psyched and entirely fully commited to maximizing the electricity of RSA’s talent, experience and large progress prospective and continuing RSA’s system to serve customers with a holistic tactic to taking care of their digital hazard.”

Dell COO Jeff Clarke claimed the offer will allow for Dell Systems “to aim on our system to make automated and intelligent protection into infrastructure, platforms and units to maintain knowledge risk-free, guarded and resilient” and simplify its portfolio.

RSA President Rohit Ghai claimed: “Symphony Engineering Group (STG) entirely supports our eyesight, and with a much more independent configuration, we be expecting to be in an even better posture to speed up innovation, be certain purchaser success with our portfolio of on-prem and cloud alternatives, and broaden alternatives for our lover ecosystem.”

Reaction to follow.