EMC Set To Acquire RSA

by CXOtoday Staff    Jun 30, 2006

Data storage leader, EMC Corporation, has entered into a definitive agreement to acquire RSA, an Internet security expert for approximately $2.1 billion in cash.

RSA’s technologies provide authentication, access control and encryption capabilities, and secure digitized information irrespective of where it resides - inside or outside the organization. Integrating these capabilities with its products will be key to EMC’s strategy of protecting information.

“Businesses can’t secure what they don’t manage, and when it comes to securing information, that means simply two things - managing the data and managing access to the data,” said Joe Tucci, Chairman, President & CEO, EMC.

Other acquisitions by EMC include VMware, Dantz, Documentum, Legato, Rainfinity and Captiva. An important data storage systems provider for business users, EMC’s competition includes HP, IBM, Hitachi, Dell Inc, Sun Microsystems and NetApp.

The acquisition is expected to be completed by the third quarter or early fourth quarter of 2006. RSA will then operate as EMC’s Information Security Division, with Art Coviello as the Executive Vice President of EMC and President of the division.