EMC completes $2.1bn RSA acquisition and carries on buying

EMC has completed its $2.1bn (£1.11bn) acquisition of RSA Security and has also announced that it is buying another security company for $175m.

EMC has completed its $2.1bn (£1.11bn) acquisition of RSA Security and has also announced that it is buying another security company for $175m.

The storage specialist wants to offer customers a full security offering with their data platforms and the acquisitions will enable the firm to form a new information security division.

To go with RSA, EMC is to acquire Network Intelligence, a specialist in the security information and event management market, for $175m.

Joe Tucci, EMC chief executive officer, said, “Information security continues to dominate the spending intentions of CIOs around the world. The battlefront in security has quickly shifted from securing the network perimeter to protecting and securing the information itself, wherever that information lives and wherever it moves.”

RSA Security adds enterprise identity and access management, consumer identity and fraud protection, and encryption and key management to EMC’s product portfolio.

Network Intelligence provides tools that enable companies to collect, monitor, analyse and report on security event-related activity throughout the IT infrastructure – in the network, in enterprise applications, on mainframes and desktops, and in storage devices.

Operating under the RSA brand, EMC’s new security division will be headquartered in Massachusetts, RSA’s established home.

It will be led by Art Coviello, the former chief executive officer of RSA Security. Coviello is now an executive vice-president of EMC and the president of RSA, reporting to Tucci. 

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