Dell Technologies is close to a deal to sell its RSA cybersecurity business for more than US$2 billion to private equity firm STG Partners, according to a report in The Wall Street Journal.
Assuming talks don’t fall apart, Dell could announce a deal as soon as Tuesday, February 18, to sell the business to STG Partners, a technology-focused private-equity firm, the people said.
RSA, which Dell has stated serves 30,000 customers ranging from banks to consumer-goods makers, helps companies confirm user identities and manage other digital-security risks. RSA also runs security conferences, including one scheduled to take place this month in San Francisco.
Cybersecurity businesses have been popular acquisition targets lately, as companies race to keep up with increasingly complex security needs in the digital age. They have attracted interest from corporate and financial buyers alike, including private-equity firms that purchase established security businesses with the goal of combining and improving them.
Broadcom last year bought Symantec’s enterprise business for US$10.7 billion, leaving the consumer business now known as NortonLifeLock. McAfee, the antivirus software company owned by Intel and private-equity firms, has considered both an IPO and a deal with NortonLifeLock, The Wall Street Journal has reported.
Full Content: Wall Street Journal
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