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Dell to sell RSA cybersecurity unit

(Image credit: Shutterstock / N.Z.Photography)

Dell is offloading the cybersecurity company RSA to a consortium of investors led by Symphony Technology Group, in a deal worth $2.075 billion.

Besides Symphony, other notable investors include Ontario Teachers’ Pension Plan Board and AlpInvest Partners. The deal is expected to close in the next six to nine months.

Dell acquired RSA when it purchased EMC Corp. in 2015 for $67 billion. EMC bought RSA in 2006 for roughly the same amount it's now being sold for - $2.1 billion.

According to Dell (opens in new tab), the decision was driven by differences between RSA's approach to cybersecurity and its own.

“The strategies of RSA and Dell Technologies have evolved to address different business needs with different go-to-market models," wrote Jeff Clarke, COO and Vice Chairman at Dell Technologies.

"The sale of RSA (opens in new tab)gives us greater flexibility to focus on integrated innovation across Dell Technologies, while allowing RSA to focus on its strategy of providing risk, security and fraud teams with the ability to holistically manage digital risk.”

Products offered by RSA include RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence, as well as the annual RSA Security Conference, taking place in early March.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.