Dell Technologies has sold various assets into security including Quest and SonicWall to private equity firm. Now with the selling of RSA, which is expected to close, just after the COVID things gets over, Dell’s security portfolio will be limited to only Secureworks. However, another security organization under the Dell Technologies umbrella is Waltham, Mass.-based endpoint detection and response (EDR) firm Carbon Black.
Dell gives today’s workforce what they need to securely connect, produce, and collaborate; anywhere at any time. Dell Technologies brings together the combined capabilities of businesses and brands to help our customers keep pace with digital innovation to accelerate their own success.
Dell Technologies is about to complete the deal to sell RSA, with a $2.08 billion deal to the private equity firm STG Partners. Recently, we have seen various Private equity firms have invested in the cybersecurity market.
* Advent acquired Forescout Technologies
* Skyview Capital acquired Fidelis Cybersecurity
* Trinity Health Partners acquired Dataprise
* Apax Partners acquiring Coalfire
* Thoma Bravo acquired Sophos
Now, STG (Symphony Technology Group) Partners is a private equity firm focused on data, software, and analytics. STG’s portfolio includes RedSeal, a provider of cyber risk modeling solutions that can help partners and customers to shrink an attack surface, design resilience into network, prioritize vulnerability remediation, and strengthen compliance management.
VMware owns Carbon Black - an endpoint protection and cybersecurity company that works closely with MSSPs. Dell has been connecting the dots between Secureworks, VMware and Carbon Black as part of its own enterprise security strategy.
Jeff Clarke, COO, Dell Technologies wrote in a blog post. “The sale of RSA 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
William Chisholm, managing partner at Symphony Technology Group, said:“As one of the world’s elite security brands, RSA represents a great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation. We are excited and fully committed to maximizing the power of RSA’s talent, expertise and tremendous growth potential and continuing RSA’s strategy to serve customers with a holistic approach to managing their digital risk.”
Rohit Ghai, president of RSA said, “In determining the best way to support our customers’ digital journeys, we sought a partner that was enthusiastic about RSA’s mission; committed to our customer and partner base; and interested in unleashing the power of our talent, experience, and tremendous growth potential. Symphony Technology Group (STG) fully supports our vision, and with a more independent configuration, we expect to be in an even better position to accelerate innovation, ensure customer success with our portfolio of on-prem and cloud solutions, and expand opportunities for our partner ecosystem.”
The transaction includes RSA’s four product lines as well as the industry-leading RSA Conference, and is expected to close in the next six to nine months.
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