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Thursday, June 29, 2006

EMC Acquires RSA

The acquisitive storage giant announced late Thursday that it will acquire RSA Security for about $2.1 billion, just hours after news broke that EMC and at least one other bidder were in negotiations to buy RSA for at least $1.8 billion.  EMC said the acquisition adds identity and access management solutions and encryption and key management software to EMC’s information-centric security portfolio.  In a statement, EMC Chairman, President and CEO Joe Tucci said, “Information security is a top priority among executives around the world, and it has become an inseparable attribute of information management.  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.”  Tucci said the acquisition “signals a fundamental change in the landscape of the security market.

EMC is 100% committed to applying the resources required to continue to expand RSA’s leading market share while also tightly integrating their technology with EMC’s products to bring customers the best information-centric security portfolio available.”

Tucci said on the call that “the technology company that seamlessly integrates information storage with information management with information protection with information security, and centrally manages and orchestrates this information infrastructure, will be a huge winner in the technology marketplace, and the technology company that’s going to do that is EMC.”

RSA CEO and President Art Coviello said in a statement, “Information security threats are evolving from attacks on the network and the perimeter to attacks on the data itself.  For this reason, security must be an integral part of the information infrastructure, transparently allowing authorized users to easily get access to information.”

Greg Schulz, founder and senior analyst at StorageIO, said the acquisition “makes sense to complement the existing EMC information and data management solution lineup and to address holistic data protection and security.”

Upon completion of the acquisition, RSA will operate as EMC’s Information Security Division, headquartered in Bedford, Mass. Coviello will become an Executive Vice President of EMC and President of the division.

Posted on 06/29