The Clearlake Capital Group made strategic equity investment in RSA Security LLC. RSA is a worldwide provider of mission critical cyber security solutions, governance risk and compliance management tools to businesses. Clearlake joins Symphony Technology Group as an equal partner, having acquired the company from Dell Technologies in 2020 alongside Ontario Teachers’ Pension Plan Board. The Ontario Teachers’ Pension Plan continues to be a large minority shareholder. The transaction’s terms were not released.
The strategic equity investment in RSA Security LLC by Clearlake Capital Group, L. P. has been completed. RSA is a worldwide provider of mission critical cyber security solutions, governance risk
RSA offers enterprise risk, security and fraud teams to manage digital risk in a comprehensive manner, including threat detection and response, integrated risk management, identity and access management and omnichannel fraud prevention.
“Clearlake’s investment in RSA comes at an opportune time and will support the Company as it looks to accelerate innovation in the key cybersecurity and risk management markets in which we operate. We are thrilled to partner with Clearlake and look forward to leveraging their proprietary O.P.S.® framework to continue to deliver best-in-class software to a large and growing global customer base,” said Rohit Ghai, Chief Executive Officer of RSA.
“RSA is a pioneer in the cybersecurity and risk management markets and its mission critical software solutions are more relevant than ever in today’s marketplace. We believe the robust market growth and strong secular tailwinds underpinning RSA’s leadership position as well as STG’s successful efforts to establish RSA as a standalone company have positioned the Company well for continuing to serve its blue-chip customer base. We look forward to partnering with STG in transforming the business and investing to accelerate both organic and inorganic growth,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake.
William Chisholm, Managing Partner of STG said, “Clearlake’s distinguished track record of investing in leading software companies, as well as their deep understanding of the growing importance of RSA’s risk and cybersecurity solutions in the digital age, made them a perfect partner for us in helping RSA during its next phase of growth.”