Mergers & Antitrust Law News

Dell Offloads RSA Cyber Unit to Consortium for $2.08 Billion

Feb. 18, 2020, 7:27 PM

Dell Technologies Inc. has sold one of its cybersecurity units, RSA, to a consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board and AlpInvest Partners, part of the computer maker’s efforts to streamline its business.

The $2.08 billion all-cash transaction is expected to close in the next six to nine months, the companies said Tuesday in a statement. Bloomberg News reported in November that Round Rock, Texas-based Dell was exploring a sale of RSA.

The tech giant has sought to simplify its sprawling empire of hardware, software and security businesses that operate under the Dell Technologies banner,...

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