Dell likely to sell RSA Security to PE firm STG Partners for $2 bn

NEW DELHI: Dell Technologies Inc. is reportedly closing a deal to sell RSA Security LLC to a private equity firm for around USD 2 billion. The Wall Street Journal reported that STG Partners LLC, a private equity firm that focusses on technology, will take RSA from Dell’s hand.

RSA, which was founded as a boutique cybersecurity firm in 1982, was bought over by EMC Corporation in 2006 for USD 2.1 billion. It then operated as a subsidiary of EMC until the latter was acquired by Dell Technologies in 2016. RSA then came under the Dell umbrella of brands.