SecureWorks, Inc.
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SecureWorks, Inc. - overview
Established
1999
Location
Atlanta, GA, US
Primary Industry
IT Security/Cybersecurity
About
SecureWorks, Inc. is a US-based provider of cybersecurity solutions, specializing in Managed Detection and Response services to protect organizations against cyber threats. SecureWorks, Inc. offers cybersecurity solutions, focusing on Managed Detection and Response.
Founded in 1999 and headquartered in Atlanta, US, the company was acquired by Dell Inc. for USD 650 mn in a deal that closed in February 2011. SecureWorks has engaged in 7 funding deals, with the most recent being an Add-on, Public to Private, Trade Sale in April 2016, raising a total of USD 112. 00 mn, and receiving investment from Sophos Ltd.
The founder's history includes founding other companies, although specific details about those companies are not available. SecureWorks provides a range of cybersecurity solutions, primarily through its Taegis platform, which includes Managed Detection and Response (MDR), automated vulnerability management, identity security, and network security services. These services are geared towards preventing, detecting, and responding to cyber threats across varied environments, including cloud systems and applications. The company's offerings cater to clients in diverse sectors like education, financial services, and manufacturing, predominantly in North America, Europe, and Asia-Pacific.
In the fiscal year 2024, SecureWorks reported a revenue of USD 365. 88 mn, with an EBITDA of USD -57. 68 mn. The company operates on a subscription-based model, with clients engaging for annual or multi-year contracts that include 24/7 monitoring and incident response.
This structured approach allows SecureWorks to maintain a steady revenue stream while providing essential cybersecurity tools to its clients. SecureWorks plans to leverage recent funding to enhance its product offerings and expand into new markets. While specific upcoming product releases have not been detailed, the company aims to strengthen its position in the cybersecurity landscape by targeting growing regions. The funding raised in 2016 will support these initiatives, enabling SecureWorks to advance its technology and broaden its client base, ensuring robust responses to evolving cyber threats.
Current Investors
Centerview Capital, C&B Capital, GE Capital, Equity
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.secureworks.com
Verticals
FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
SecureWorks, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Public to Private, Trade Sale | Completed | SecureWorks, Inc. | - | ||||||||
| Buyout | Completed | SecureWorks, Inc. | - | ||||||||
| Buyout | Completed | SecureWorks, Inc. | - |
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