Dell sells RSA security for more than $2 Billion

Dell Technologies on Tuesday announced a $2.08 billion cash deal to sell cyber-security unit RSA to a consortium led by Symphony Technology Group.

Dell announced that it will sell RSA Security for more than $2 billion and pursue its own security strategy with greater focus.

According to a Dell statement, selling RSA coheres with Dell’s own long-term security strategy of developing automation and intelligence in its portfolio.

RSA specializes in defending computer systems and runs eponymous cyber-security conferences.

Selling RSA will allow Dell to “simplify our business and product portfolio,” wrote Jeff Clarke, chief operating officer and vice chairman of Dell Technologies.

“It also allows Dell to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”

The sale comes just a week before RSA Conference is due to kick off Feb. 24 in San Francisco.

The deal is expected to close in the next six to nine months.

According to experts, the sale may bode well for RSA Security, where breaking up its elements may bolster components’ individual value.

The consortium includes a teachers’ pension plan board and Alpinvest Partners.

“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,” said Symphony group managing partner William Chisholm said.

This may signal further changes for the constituent elements of RSA Security in the coming months.

Moreover, one of Engadget’s favorite laptops, the Dell XPS 13, is currently on sale.

Amazon has discounted the top-of-the-line 2019 model by $400, making it $1,400 instead of $1,800.

This variant features a 10th-generation Intel Core i7 processor, 16GB of RAM, 1TB of internal storage and a 4K touchscreen display.