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Tag: Symphony Technology Group

  • Microsoft Reportedly In Talks to Buy Security Firm Mandiant

    Microsoft Reportedly In Talks to Buy Security Firm Mandiant

    Microsoft is continuing its efforts to strengthen its cybersecurity capabilities, working on a deal to purchase Mandiant.

    Like many Big Tech firms, Microsoft has joined US government efforts to improve the country’s cybersecurity and protect individuals and companies from attack. Nonetheless, the company has had its own troubles protecting its users and combating online threats.

    To help improve its abilities, the company is looking to buy Mandiant, one of the leading cybersecurity firms with a nearly two decade track record in the industry. Sources familiar with the negotiations spoke to The Seattle Times, although neither company has confirmed anything.

    Industry watchers are already praising the possibility as a good match.

    “This would be a smart move for Microsoft,” said Bloomberg Intelligence’s Anurag Rana. “In the future, the cloud with most security features would win.”

    If the deal does go through, it would mark the third time Mandiant has been acquired by another company. It was originally bought by FireEye in 2013, before it was sold to Symphony Technology Group in 2021.

  • Symphony Technology Group Buys RSA From Dell Technologies

    Symphony Technology Group Buys RSA From Dell Technologies

    Dell Technologies has agreed to sell RSA to Symphony Technology Group, in an effort to streamline its business portfolio and strategy.

    The Symphony Technology Group consortium, which includes the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and AlpInvest Partners (AlpInvest), agreed to an all-cash deal of $2.075 billion. The deal includes RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Conference, and should be completed in the next six to nine months.

    RSA currently has 12,500 customers and provides “risk, security and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.”

    Dell is looking at the deal as a way of focusing its business and better aligning its portfolio with its long-term strategy.

    “This is the right long-term strategy for Dell, RSA and our collective customers and partners,” said Jeff Clarke, Chief Operating Officer and Vice Chairman, Dell Technologies. “The transaction will further simplify our business and product portfolio. It also allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”