Dell agrees to acquire SecureWorksBy Emil Protalinski
Dell has announced a definitive agreement to acquire SecureWorks, a provider of information-security services that include Managed-Security Services, Security and Risk Consulting Services, and Threat Intelligence. The acquisition is part of Dell's strategy to expand its portfolio of enterprise-class IT-as-a-Service solutions. Terms of the deal, which is expected to close in early 2011, weren't disclosed.
Founded in 1999, SecureWorks is headquartered in Atlanta, GA and serves thousands of clients in 70 countries, including more than 15 percent of the Fortune 500. The company has approximately 700 employees. It projects its Fiscal Year 2010 revenue to be over $120 million. SecureWorks processes more than 13 billion security events and sees more than 30,000 malware specimens each day. The company has more than 1,500 banks and credit unions as managed security services clients and is protecting trillions of dollars in financial assets. Organizations of all sizes and across diverse industries rely on SecureWorks' security services to reduce risk, improve regulatory compliance, and lower costs of managing IT security.
"Dell's global scale and relationships with clients provides a tremendous opportunity to rapidly expand SecureWorks' business," Michael Cote, CEO and Chairman of SecureWorks, said in a statement. "With Dell's commitment to our clients, our team and our market, I am confident that SecureWorks will flourish as part of the Dell Services organization and that our clients will continue to be well-served and well-protected by the services on which they rely."