Dell Technologies wants to sell RSA Security business for at least $3 billion and has hired Morgan Stanley to help with the sale, according to PE Hub. A company spokesperson declined to comment on the report.

The publication, citing “three sources familiar with the process,” reports that the sale is expected to start in the first quarter.

Dell acquired the cybersecurity software company when it bought EMC in 2016. Since then, however, it has beefed up its security products and services via its other brands including Secureworks and VMware. The tech giant has held a controlling stake in Secureworks since 2011. And, according to an earlier Bloomberg report, Dell is considering buying the remaining 13.8% of Secureworks shares it doesn’t already own.

Additionally, Dell owns 81% of VMware — another win from its EMC acquisition — and over the past few years the virtualization company has moved into the security space. It launched its initial standalone security product in 2017, and last year VMware bought Carbon Black for $2.1 billion. Speaking with investors on the company’s most recent earnings call, VMware CEO Pat Gelsinger said security now represents a $1 billion business for his company.

“Dell arguably has too many cybersecurity-related assets considering security is not among its core competencies,” Eric Parizo, senior analyst with Ovum, told Channel Futures. Between Secureworks, RSA, and VMware-Cabon Black, Dell now has at least three different endpoint security products, he added. “Over time, it has been increasingly difficult to see where RSA fits within its broad matrix of security capabilities.”

Bloomberg first reported that Dell was considering an RSA sale in late November, right before the company reported its third-quarter fiscal 2020 earnings. RSA has more than 30,000 customers globally including Banorte Bank, ADP, Infosys, Toshiba, and Los Angeles World Airports.