Friday, June 30, 2006

EMC to aquire RSA Security

EMC late Thursday confirmed it plans to acquire RSA Security for some $2.1 billion.

Under terms of the deal, Hopkinton, Mass.-based storage giant EMC will pay $28 a share for RSA, New Bedford, Mass. The companies anticipate the acquisition will close late in the third quarter or early in the fourth quarter, subject to regulatory approvals and other conditions.

The deal is the third large-scale union between a storage vendor and a security company over the past year. Symantec completed its merger with Veritas Software in July, and Network Appliance finalized its acquisition of encryption vendor Decru in August.

While EMC can put a security spin on its storage offerings to justify acquiring RSA's identity management technology, it's unclear how RSA's recent acquisitions of antifraud vendor Cyota and authentication vendor PassMark fit into EMC's product strategy.

This move is likely to leave plenty of RSA partners nervous...

CATEGORIES : 1aquistion, 1rsa, 1emc, 1storage, 1identity management
Rate this post: (Provided by NewsGator)

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home