Dell reportedly mulls sell-off of RSA cybersecurity business for $1B

Bloomberg reports that Dell is considering the sale of its RSA cybersecurity division for about $1 billion. (Pixabay)

Dell is reportedly pondering the sell-off of its RSA Security cybersecurity business for at least $1 billion, including debt. Citing sources familiar with the matter, Bloomberg reported that Dell was in the early stages of its discussions, and that there was no guarantee the sale would actually take place.

RSA Security, which was founded in 1982, provides cybersecurity solutions that are designed to help organizations detect, investigate, and respond to advanced attacks, and help reduce IP theft, fraud, and cybercrime, according to Dell's annual report. RSA has more than 30,000 customers and said on its website that it "helps more than 90% of the Fortune 500 companies thrive and continuously adapt to transformational change." RSA uses software tokens to perform two-factor authentication for a user to a network resource.

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EMC bought RSA for about $2.1 billion in 2006. RSA came under Dell's roof after Dell bought EMC for $67 billion in 2016.