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

Truman Slate

FavoriteLoadingAdd to favorites

Personal fairness curiosity in safety firms shows no indications of slowing

Dell has agreed to promote its RSA safety company to a consortium led by a US-dependent private fairness organization for $two.075 billion, the business verified right now.

The transaction is the latest significant private fairness buyout of a cybersecurity professional, pursuing Thoma Bravo’s £3.1 billion deal for the UK’s Sophos in Oct.

The transaction incorporates the acquire of RSA Archer, RSA NetWitness System, RSA SecurID, RSA Fraud and Possibility Intelligence and RSA Convention.

The deal, led by Symphony Technologies Group, with participation from the Ontario Teacher’s Pension Fund, is expected to close in the future 6 to 9 months.

RSA gives danger detection and reaction, identity and accessibility management, integrated risk management and omnichannel fraud prevention for a consumer base of close to 12,500 buyers. It also operates the RSA Convention.

“As a single of the

Read More