RSA Security wants everyone to show ID. The company provides software and hardware used to protect, monitor, and manage access to computer networks and enterprise software. A subsidiary of data storage systems maker EMC, it offers Web access and digital certificate management software, as well as development tools for creating encryption tools. The company's growing services segment offers data security consulting, systems design and integration, maintenance, and training. RSA sells directly and through resellers, distributors, and manufacturers. Customers come from a variety of industries, including telecommunications, health care, and financial services.
As part of EMC (it was acquired in 2006), the company has had the freedom to spend on R&D and product development without the cost constraints it faced as a public company under shareholder scrutiny. RSA has expanded its products to include capabilities for securely managing virtualized storage and to handle security issues in cloud computing environments. Meanwhile, the company has retained a focus on improving key traditional products such as its token products for secure network and data access, as well as its offerings for encryption and key management.
RSA accounted for less than 5% of total sales for its parent organization in 2011; the subsidiary's product sales rose 10% that year mainly due to an increase in demand for security management and compliance products. Meanwhile, service sales increased by nearly 18% due to an increase in professional services and maintenance revenues driven by demand from existing customers.
The company's strategy includes updating its product line and acquiring related companies to supplement its R&D efforts. In 2011 RSA launched the Cloud Trust Authority, a set of cloud-based services designed to enable secure and relationships between businesses and cloud service providers, while maintaining regulatory compliance.
That year RSA acquired NetWitness, a developer of security monitoring and analysis software, thereby extending its selection of tools for managing security risk and compliance across both physical and virtual network environments.
The company is one of the oldest in the security software and hardware field, tracing its roots back to 1982. RSA claims to have invented the field of public key cryptography about twenty-five years ago when its RSA algorithm was born, and counts the 1986 invention of time-synchronous authentication as another important technological milestone, both of which still play key roles in its SecurID token products sold today.
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