RSA Security Acquisition, Valuation, Funding & Investors
RSA Security was acquired by Symphony Technology Group for $2.1B in February 2020.
RSA Security acquisition price
$2.1B
Acquired by Symphony Technology Group · Feb 2020
Key investors in RSA Security
Clearlake Capital
About RSA Security
RSA Security is a Bedford-headquartered provider of identity and access management solutions now under Symphony Technology Group following its 2020 acquisition from Dell Technologies. The company delivers products in encryption, fraud detection, and security analytics to protect data across cloud, mobile, and on-premises environments. RSA serves over 30,000 customers worldwide, including major financial institutions and government agencies, with its SecurID authentication platform securing millions of identities daily. Founded in 1982, RSA pioneered public-key cryptography and continues to address advanced threats through its RSA NetWitness Platform for endpoint and network monitoring.
Founded
1982
HQ
United StatesWebsite
Status
Acquired
Customer focus
B2B & B2G
Revenue model
Subscription
Valuation
$2.1B (acquired Feb 2020)
RSA Security Acquisition
RSA Security was acquired by Symphony Technology Group for $2.1B on 18 February 2020.
RSA Security was a leading cybersecurity firm providing risk, security, and fraud management solutions to over 12,500 customers globally. The company came to Dell Technologies through its $67 billion acquisition of EMC in 2015. Dell's product portfolio included RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence, and the RSA Conference, the world's largest security conference held annually in San Francisco. In February 2020, Dell divested RSA to a consortium of investors led by private equity firm Symphony Technology Group in an all-cash transaction valued at $2.075 billion. Ontario Teachers' Pension Plan Board and AlpInvest Partners also participated as investors in the deal. Dell cited strategic divergence, noting that RSA and Dell Technologies had evolved to address different business needs with different go-to-market models. The transaction closed on September 1, 2020, after approximately six months, allowing RSA to operate as an independent company focused on accelerating innovation in integrated risk management, security, and fraud prevention solutions.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 18 Feb 2020 | PE buyout | $2.1B |
RSA Security Funding History
RSA Security has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Aug 2021 | Undisclosed stage | Clearlake Capital | Clearlake Capital Group announced on 12 August 2021 that it had completed a strategic equity investment in RSA Security, the cybersecurity and risk management software company headquartered in Bedford, Massachusetts. With the investment Clearlake became an equal partner with Symphony Technology Group, which had acquired RSA from Dell Technologies in 2020 alongside Ontario Teachers' Pension Plan Board; Ontario Teachers' remained a significant minority shareholder. Terms of the transaction were not disclosed. RSA chief executive Rohit Ghai said the investment would support the company in accelerating innovation in its cybersecurity and risk management markets, and Clearlake said it would apply its O.P.S. framework. At the time RSA comprised Archer, a governance, risk and compliance software provider; SecurID, an identity and access management platform; NetWitness, a threat detection and response platform; Outseer, a fraud prevention suite; and RSA Conference. Founded in 1982, RSA served 2 billion individual users and 26 million enterprise identities, and more than 12,500 customers used its software. Clearlake's portfolio subsequently lists Archer, NetWitness and Outseer separately, reflecting the later separation of those units. |
Who has invested in RSA Security?
1 investor has backed RSA Security across its funding rounds, including Clearlake Capital.
RSA Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by RSA Security
RSA Security has acquired 1 company to date.
Last acquisition by RSA Security was on April 5th 2018. RSA Security acquired Fortscale for undisclosed valuation.
Latest Acquisitions by RSA Security
| Description | Fortscale is a behavioral analytics platform embedding machine learning into security infrastructure. It processes device-collected data to model user behaviors, detect anomalies, and identify insider threats or advanced attacks, integrating with existing tools for improved risk prioritization and operational efficiency. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 5 Apr 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all RSA Security acquisitions and their M&A valuation multiples. Start Free Trial | |
RSA Security Competitors
RSA Security competitors include listed companies like NetScout Systems and A10 Networks, and private ones like Aviatrix, CertiK, Devo and Horizon3.ai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Jose, CA | Private | $40M | - | $2B | 50.0x | |
| New York City, NY | Private | - | - | $2B | - | |
| United States | Private | - | - | $2B | - | |
| San Francisco, CA | Private | $30M | - | $2B | - | |
| United States | Publicly listed | $859M | $163M | $2.3B | 2.0x | |
| United States | Publicly listed | $291M | $62M | $1.8B | 5.0x |
RSA Security Public Comps
RSA Security is no longer listed, but its public comps include NetScout Systems, A10 Networks, Progress Software, CETC Cyberspace Security, Secunet, Venustech Group, CloudWalk, QiAnXin, Yubico and DPtech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $859M | $163M | 2.1x | 2.0x | 11.1x | 7.5x | |||
| $291M | $62M | 5.7x | 5.0x | 26.6x | 16.5x | |||
| $978M | $302M | 3.0x | 2.8x | 9.7x | 7.3x | |||
| $340M | $21M | 4.2x | - | 70.0x | - | |||
| $515M | $84M | 3.3x | 3.0x | 20.1x | 18.7x | |||
| $351M | ($60M) | 6.9x | 6.2x | (40.3x) | 200.9x | |||
| $75M | ($75M) | 19.5x | 20.0x | (19.4x) | - | |||
| $659M | ($147M) | 4.3x | 4.3x | (19.2x) | (45.6x) | |||
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Common questions about RSA Security
| When was RSA Security founded? | RSA Security was founded in 1982. |
| Where is RSA Security headquartered? | RSA Security is headquartered in United States. |
| Is RSA Security publicly listed? | No, RSA Security was acquired by Symphony Technology Group in February 2020. |
| Who acquired RSA Security? | RSA Security was acquired by Symphony Technology Group in February 2020. |
| How much was RSA Security acquired for? | RSA Security was acquired for $2.1B in February 2020. |
| What was RSA Security's last funding round? | RSA Security's last funding round was a undisclosed-stage round in August 2021. |
| Who are RSA Security's investors? | RSA Security's investors include Clearlake Capital. |
| Which companies are comparable to RSA Security? | Companies comparable to RSA Security include Aviatrix, CertiK, Devo, Horizon3.ai, NetScout Systems and A10 Networks. |
| How many companies has RSA Security acquired? | RSA Security has acquired 1 company, including Fortscale. |
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