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5 Things To Know About Dell’s $2.08 Billion Plan To Sell RSA Security

Michael Novinson

From Dell’s security-focused M&A to changes in RSA’s valuation to STG’s cybersecurity footprint, here are five of the most important things to know about RSA moving into the hands of private equity.

2. STG Partners Is A Newcomer To Cybersecurity

STG has been around since 2002 investing in software, data and analytics leaders in the midmarket. But the Palo Alto, Calif.-based private equity firm shied away from cybersecurity until April 2019, when it took a majority stake in network modeling and risk scoring platform RedSeal for a reported $100 million, according to Momentum Cyber.

RedSeal today employs 180 people and had raised just over $90 million prior to its acquisition by STG, according to LinkedIn and Crunchbase. In addition to commanding a valuation 21-times higher than RedSeal, RSA employs nearly 3,100 people around the world, according to LinkedIn.

Outside of cybersecurity, STG participated in a $20 million Series C funding round for San Francisco-based business intelligence provider Govini in May 2015.

 
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