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  • Friday, November 15, 2024

Report: Private Equity Firm Close to Deal for Dell’s RSA Business

Jeff Brody

Dell Technologies (NYSE: DELL) and STG Partners are close to reaching an estimated $2B deal in which the private equity firm will acquire a Dell business unit that offers security products and services, the Wall Street Journal reported Monday.

WSJ cited unnamed sources that expect the global technology firm to announce the sale of its RSA brand as early as Tuesday.

RSA works with customers across multiple sectors to help them identify and address potential security risks while integrating digital platforms into their business operations.

Dell acquired RSA in 2016 as part of a $67B merger agreement with EMC and returned to the public market in late 2018 after five years as a private company.

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