RSA Security is exploring a sale of its risk and compliance software unit Archer for more than $2 billion, Reuters news report said.
RSA Security is working with investment banks Morgan Stanley and Goldman Sachs Group on an auction for Archer.
Archer generated $220 million in revenue last year and is growing profitably.
The potential sale represents the latest in a string of deals involving RSA. Private equity firm Symphony Technology Group (STG), Ontario Teachers’ Pension Plan, and Carlyle Group’s investment arm AlpInvest Partners acquired the company from Dell for $2.075 billion in 2020.
In 2021, RSA cut a deal with Reed Taussig, the head of its fraud prevention software business Outseer, to spin it off as an independent company. Last year, RSA sold a majority stake in its events business, RSA Conference, to private equity firm Crosspoint Capital Partners for an undisclosed amount.
Archer, headquartered in Bedford, Massachusetts, is a governance, risk and compliance software platform with over 15,000 users globally
RSA’s other business divisions include identity and access management platform SecureID and threat detection and response software platform NetWitness.