RSA loses sales and security jobs in EMC restructuring
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Corporate indigestion RSA Security is to scrap staff as part of a restructuring plan aimed at boosting efficiency across parent firm EMC.â¦
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(InfoWorld) - EMC Corp. will spend US$175 million to acquire security information provider Network Intelligence Corp. The privately held Westwood, Massachusetts, company sells appliances that probe computer networks, providing security and compliance analysis. EMC's latest acquisition, expected to close late Monday, underscores the growing importance of security technology to the storage vendor. Also on Monday, EMC announced that it had completed its $2.1 billion purchase of RSA Security, which will form the basis of a new RSA-branded security division within the company. Former RSA CEO Art Coviello will head up this division, which will absorb the Network Intelligence business unit, EMC said in a statement. Founded in 1996, Network Intelligence has more than 125 employees, according to the company's Web site. With these latest acquisitions, EMC hopes to be able to sell security as part of a broader product portfolio, said Joe Tucci, EMC's chairman, president and chief executive officer. "It's becoming critical that security move beyond a point product solution," he said. Analysts say security companies will find it increasingly difficult to go it alone, with technology giants such as Microsoft Corp., Cisco Systems Inc. and IBM Corp. moving quickly to add security features to their broader product platforms. Just last month, IBM said it would spend $1.3 billion to acquire managed security vendor Internet Security Systems (ISS).ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Circuit City Stores Inc.  said on Thursday that it would close a number of stores, cut some jobs and change its management structure as it faces increased pressure in the electronics retail market.
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RSA fully on board too EMC today finished off one security acquisition and then made another one.â¦
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EMC Corp. EMC.N and Cisco  Systems Inc. CSCO.O on Monday said they have agreed to a  tentative deal in which Cisco will resell EMC's centralized  network storage equipment to manage data in branch offices.
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A network of more than 10,000 zombie PCs has been dismantled after security staff at Norwegian telco Telenor located and shutdown its controlling server.
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EMC last week said it has hired former IBM veteran Jeffrey M. Nick as chief technology officer for the storage vendor. Nick, who left IBM in June following 24 years with the company
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Customers are getting more demanding, while security market is seeing a gradual consolidation around fewer players.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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London equities lost ground after the release of worse-than-expected US employment data.
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IBM Corp. is restructuring its hardware division around customer types rather than individual products, marking the biggest such realignment in the unit in 15 years.
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(InfoWorld) - The cool reception from Wall Street this summer after EMCâs announcement that it would buy RSA Security had EMC executives feeling a bit flummoxed -- like the guy who elopes, only to find out that his friends didnât like his girlfriend to begin with. EMCâs stock fell 3 percent following the announcement, and in talks with analysts and reporters about the $2.1 billion deal, CEO Joe Tucci faced tough questions about the price his company paid for RSA and EMCâs overall strategy . Four months later, EMCâs stock has recovered nicely, and the company is moving forward on efforts to use RSAâs assets to create a common security platform that stretches across all its products. InfoWorld Senior Editor Paul F. Roberts checked in recently with Dennis Hoffman, vice president and general manager of the Enterprise Solutions Business Unit at RSA, the Security Division of EMC, to see how things are going. InfoWorld: You headed up EMCâs security group prior to the RSA purchase. How is your strategy different now?                                                     Dennis Hoffman: The interesting thing is that thereâs no difference in the strategy before and after. We made some broad conclusions and built a plan around that. We saw information security, as a market, colliding with information management. The only thing that took a lot of time was sorting out what were the salient parts of the information-security industry for that strategy. When we did that, we carved out what turned out to be the vast majority of the security revenues. We said, âWeâre not part-interested in anti-virus, firewall, IPS, and IDS systems. Thatâs yesterdayâs security battle.â Everyone paying attention to whatâs in the news: people losing information and data breaches that are exposed in the public eye. IW: Youâve said RSAâs technology will become a common authentication platform for EMCâs products. How far off is that vision? DH: Those services -- authentication services, authorization services, auditing services -- are all being delivered into the base EMC platforms throughout 2007 as part of delivery of the common security platform. It will all start during the middle of next year, and it will just depend on when various releases get on the train. IW: How do you get true security without better platform security from companies like Microsoft? How do developments in Redmond affect what EMC and RSA do? DH: Theyâre certainly interrelated. In fact, I just got off the phone with the general manager of the Windows Security Business just before our call. Weâre talking about ways the two companies can partner more deeply and better than we have historically. As an industry weâve been obsessed with the idea of âperfect securityâ for a long time. It doesnât exist. Perfect security is called business discontinuance. You turn off the company and then everything is secure. Weâve learned with our adaptive authentication products that as banks seek to protect the identities of their own consumers, theyâve found that the mathematically correct, rigidly correct security isnât the right kind for them. I donât think that any of us in the rest of the stack -- Microsoft at the operating system level ... Cisco at the network, and EMC at the storage and information layer -- can stand and throw rocks at each other or wait for the other guy to get perfect before we can do anything. We have an obligation in our part of the world, lower in stack and in our hardware, to secure them and enable a more infocentric form of security in what we do. Hopefully weâll closely partner with the Microsofts and Ciscos to do that. IW: How might those partnerships look? DH: Iâm not going to foreshadow the things weâre in talks about, because theyâre not finished. At the highest level, we all need to be able to do a better job speaking security policy and exchanging policies with one another. We have close partnerships today with ... Cisco and Microsoft. Ideally, if someone wants to create a policy in the network to protect data in flight, when that data rests on a storage device, we should be able to support that policy. When something is established by a user at the desktop and traverses Cisco networking equipment to be stored and managed as information within the EMC infrastructure, thatâs where the collaborations ultimately have to happen.
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.
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Telecoms group Cable & Wireless is to shed 600 jobs in the UK and Europe as part of an ongoing restructuring.
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Acquisition of consumer-authentication specialist designed to augment services offered by EMC's security division, RSA.
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A major restructuring process has pulled this respected audio company into penny land.
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DeWalt drills new security role EMC's top salesman Dave DeWalt has left the storage giant to saddle up as CEO and president of security firm McAfeeâ¦