EMC Acquires RSA Security: Taking Information Management to a New Level

This Financial Insights' Newsflash discusses the rationale and benefits of EMC's acquisition of RSA Security and points where the combination makes sense for financial institutions. On June 29, 2006, storage giant EMC announced its definitive agreement to acquire RSA Security. The $2.1 billion deal will close near or shortly after the end of 3Q06. At $310 million in revenues, RSA Security is a market force. It invented core security technologies (e.g., the RSA Algorithm) that are used widely in contemporary applications (e.g., encryption algorithms used with SSL).