Dell is conducting early-stage conversations about selling RSA Security, and is hoping to get at least US$1 billion from the sale, including debt, according to Bloomberg.
There is no guarantee Dell will end up selling RSA, people familiar with the matter told Bloomberg. Dell gained control over the cybersecurity player as part of its monster 2016 purchase of EMC. EMC initially bought RSA for $2.1 billion in 2006.
Dell’s stock dipped almost half a percent as news of the possible sale broke.
RSA has a broad security portfolio and has significantly grown its presence in the channel over the past half-decade, with partners going from accounting for 35 percent of RSA’s business in 2014 to 70 percent of the company’s business in 2018, the company told CRN last year. This was achieved largely through the acquisition of primarily direct companies and subsequent introduction of their products to RSA’s channel program.
RSA increased the number of partners at its top two levels – Titanium and Platinum – by 25 percent between 2018 and 2019, the company told CRN.