EMC to acquire RSA in $2.1 billion deal to expand enterprise security portfolio

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EMC continued its march to become an IT infrastructure giant this week with the announcement last week it plans to acquire RSA Security for about $2.1 billion. RSA is a software security company based in Bedford, Mass., that also plays in the identity and access management, encryption, and key management software space. The company posted revenue of $310 million in 2005.
Upon completion of the acquisition, RSA will operate as EMC's Information Security Division, headquartered in Bedford, Mass. RSA CEO Art Coviello will become an executive vice president of EMC and president of the division. The acquisition is expected to be completed late in the third quarter or early in the fourth quarter of 2006.