1. Symphony Technology Group To Acquire RSA Security
Purchase Price: $2.08 billion (SEC filing)
Dell Technologies in February agreed to sell RSA Security to private equity firm Symphony Technology Group (STG) less than four years after acquiring the encryption pioneer.
The Round Rock, Texas-based technology giant said the sale of Bedford, Mass.-based RSA will allow Dell to simplify its security strategy to focus on securing and protecting data at the edge, in the core and in cloud environments. The transaction includes RSA’s four product lines as well as the RSA Conference, and is expected to close by the end of October.
Dell said it sought a buyer that was enthusiastic about RSA’s mission, committed to its customer and partner base, and interested in maximizing RSA’s talent, experience and growth potential. Dell said it ultimately determined that Palo Alto, Calif.-based STG would be the right custodian to achieve those goals.