Crosspoint Capital Partners, a private equity firm focused on the cybersecurity, privacy and infrastructure software markets, today announced the acquisition of a significant interest in RSA Conference Parent, Inc. from affiliates of RSA Security. RSAC will now become a standalone, independent business. Existing RSA Security sponsors Clearlake Capital Group, L.P. and Symphony Technology Group (“STG”), will also invest in this new company alongside Crosspoint Capital.

Considered the premier event in the cybersecurity industry, the annual RSA conference event regularly attracts over 40,000 attendees including industry executives, global policymakers, technology vendors, and practitioners as well as thousands of technical paper submissions. The investment from Crosspoint Capital, Clearlake and STG will further enhance the knowledge sharing, networking, experience, and value to the RSA Conference community.

The RSA conference is also home to the RSAC Innovation Sandbox, an annual cyber startup competition, where early-stage cybersecurity firms showcase bleeding edge cyber innovation and vie for the title of “Most Innovative Startup.”

Read more: PRNewswire