Dell Technologies has agreed to sell its cybersecurity unit RSA for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners.
The deal is expected to close in the next six to nine months, the companies said.
The transaction includes RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Conference.
RSA has more than 12,500 customers to enable digital transformation, address cyber threats and adapt to more complex digital regulations.
RSA Conference is the world’s largest security conference where leading experts gather to discuss the most important cybersecurity trends, challenges, solutions and innovations.
Jeff Clarke, chief operating officer and vice chairman, Dell Technologies, said: “It allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”