Under the terms of the definitive agreement announced on June 29, EMC paid $28 per share in cash in exchange for each outstanding share of RSA and the assumption of outstanding options for a total purchase price of approximately $2,1bn, net of RSAs existing cash balance. RSA Security stockholders approved the acquisition on September 14.
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EMC also announced it has signed a definitive agreement to acquire Massachusetts-based Network Intelligence, a privately-held player in the security information and event management market, in a cash transaction valued at approximately $175m.

The acquisition of RSA and Network Intelligence combines companies which together will create the new information security division of EMC. The acquisition of Network Intelligence is expected to close by the end of business on September 18.
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Joe Tucci, EMCs chairman, president and CEO, says: 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.
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The additions of RSA and Network Intelligence to the EMC family enable us to execute on our information-centric security strategy to help organisations around the world to secure their information throughout its lifecycle and reduce the associated cost of regulatory compliance.
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EMCs information-centric security strategy comprises five integrated elements that aim to enable organisations to systematically and comprehensively secure their information. Those elements are intended to help customers to assess the risk to their information, secure the people who access that information, secure the infrastructure through which that access takes place, directly protect the confidentiality and integrity of the information itself, and manage security information and events to assure effectiveness and ease the burden of compliance.�

Operating under the RSA brand, EMCs security division will be headquartered in Bedford, Massachusetts, and be led by Art Coviello, the former CEO of RSA Security. Coviello is an executive vice-president of EMC and the president of RSA, reporting directly to Tucci.

It is becoming critical that security move beyond a point product solution. Customers are in need of security that is built in and broadly distributed within the IT infrastructure to protect people, gear and data as a cohesive solution, says Coviello. EMC now has the resources and expertise to give customers seamless and pervasive security that allows them to leverage their information as a valuable asset rather than a potential liability.
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