Dell sells RSA cyber-security unit for $2 billion

Dell Technologies on Tuesday announced a $2.08 billion cash deal to sell cyber-security unit RSA to a consortium led by Symphony Technology Group.

RSA specializes in defending computer systems and runs eponymous cyber-security conferences. The deal was expected to close by the end of this year.

The consortium includes a teachers' pension plan board and Alpinvest Partners.

"As one of the world's elite security brands, RSA represents a great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation," said Symphony group managing partner William Chisholm said in a joint release.