{"id":112924,"date":"2020-02-18T20:53:31","date_gmt":"2020-02-19T01:53:31","guid":{"rendered":"http:\/\/rbach.net\/?p=112924"},"modified":"2023-04-15T13:06:21","modified_gmt":"2023-04-15T17:06:21","slug":"rsa-sold","status":"publish","type":"post","link":"https:\/\/rbach.net\/index.php\/rsa-sold\/","title":{"rendered":"RSA Sold"},"content":{"rendered":"

\"RSAThe rumor mill was again right. During the holidays I wrote about<\/a> Dell Technologies<\/a> selling<\/a> its <\/strong>RSA<\/strong> cybersecurity business<\/a>. The encryption pioneer is being purchased by private equity firm<\/strong> Symphony Technology Group Partners<\/a> (STG). The STG consortium includes the Ontario Teachers’ Pension Plan Board<\/a> and AlpInvest Partners<\/a>.<\/p>\n

\"privateSTG is based in Palo Alto, CA, and was founded in 2002. According to its website, the VC firm focuses on data, software, and analytics. STG entered the cybersecurity arena in April 2019 when they bought RedSeal<\/a>, a cyber risk modeling firm in a $70M deal<\/a>.<\/p>\n

RSA Sold for $2B<\/h3>\n

The deal is expected to close in the next six to nine months. Financial terms were not disclosed, but multiple sources peg the all-cash deal at $2.08 billion<\/strong>.<\/p>\n

In a prepared statement about the deal, William Chisholm, managing partner at Symphony Technology Group, said:<\/p>\n

We are excited and fully committed to maximizing the power of RSA\u2019s talent, expertise, and tremendous growth potential and continuing RSA\u2019s strategy to serve customers with a holistic approach to managing their digital risk.<\/em><\/p>\n

Rohit Ghai, president of RSA wrote<\/a>:<\/p>\n

Symphony Technology Group … independent configuration, we expect to be in an even better position to accelerate innovation, ensure customer success with our portfolio…<\/em><\/p>\n

Dell Technology\u2019s chief operating officer and vice chairman Jeff Clarke wrote in the post announcing the deal:<\/p>\n

The strategies of RSA and Dell Technologies have evolved … different go-to-market models. The sale of RSA gives us greater flexibility to focus on integrated innovation across Dell Technologies.<\/em><\/p>\n

rb-<\/strong><\/em><\/p>\n

CRN notes<\/a> that the purchase price for the STG deal is nearly identical to the $2.1B EMC paid to buy RSA back in 2006. RSA then moved to Dell Technologies in 2016 when Dell purchased EMC for $60B. <\/em>But why did Dell sell RSA? <\/em><\/p>\n