Symphony Technology Buys RSA for $2B
February 18, 2020
consortium led by Symphony Technology Group (STG), Ontario Teachers’
Pension Plan Board (Ontario Teachers’) and AlpInvest Partners (AlpInvest)
has entered into a definitive agreement with Dell Technologies to
acquire RSA in an all-cash transaction for $2.075 billion, subject to
certain adjustments. The transaction, which includes the purchase of RSA
Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk
Intelligence and RSA Conference, is expected to close in the next six to
nine months. Terms of the agreement were not disclosed.
RSA provides risk, security and fraud teams with the ability to
holistically manage digital risk, including threat detection and
response, identity and access management, integrated risk management and
omnichannel fraud prevention. Today, more than 12,500 customers rely on
RSA to enable their digital transformation, address increasingly
advanced 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.
“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 William
Chisholm, Managing Partner at Symphony Technology Group. “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.”
is the right long-term strategy for Dell, RSA and our collective
customers and partners,” said Jeff Clarke, Chief Operating Officer and
Vice Chairman, Dell Technologies. “The transaction will further simplify
our business and product portfolio. It also 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
The transaction is subject to customary conditions. Morgan Stanley & Co.
LLC is acting as exclusive financial advisor to Dell Technologies. Hogan
Lovells is acting as legal advisor to Dell Technologies.
UBS Investment Bank and Jefferies LLC are acting as financial advisors
to STG and Davis Polk & Wardwell LLP is acting as legal advisor. UBS
Investment Bank and Jefferies Finance LLC are providing financing for