Secureworks
{{Short description|American cybersecurity company}}
{{Undisclosed paid|date=January 2021}}
{{Infobox company
| name = Secureworks Inc.
| logo = Secureworks wordmark.svg
| type = Subsidiary
| traded_as = {{unbulleted list|{{NASDAQ was|SCWX}}}}
| predecessor =
| successor =
| area_served = {{unbulleted list|North America|Europe|Middle East|Asia|Africa|South America}}
| key_people = Wendy K. Thomas (president & CEO)
| industry = Cybersecurity
| products = Secureworks Taegis XDR, Secureworks Taegis ManagedXDR
| services =
| homepage = {{URL|secureworks.com}}
| location_city = Atlanta, Georgia
| location_country = U.S.
| revenue = {{decrease}} {{US$|366 million}} (2024)
| operating_income = {{increasenegative}} {{US$|-112 million}} (2024)
| net_income = {{increasenegative}} {{US$|-86 million}} (2024)
| assets = {{decrease}} {{US$|725 million}} (2024)
| equity = {{decrease}} {{US$|501 million}} (2024)
| num_employees = 1,516 (2024)
| parent = Sophos (2025–present)
| owner =
| footnotes = Financials {{as of|2024|2|2|lc=y|df=US}}{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1468666/000146866624000016/scwx-20240202.htm |title=Secureworks Inc. FY 2024 Annual Report (Form 10-K) |date=22 March 2024}}
}}
Secureworks Inc. is an American cybersecurity company. The company has approximately 4,000 customers in more than 50 countries,{{Cite news|url=https://finance.yahoo.com/news/secureworks-reports-fiscal-2017-fourth-110000210.html|title=Secureworks Reports Fiscal 2017 Fourth Quarter and Full Year Results|date=March 29, 2017|work=Yahoo Finance|access-date=2017-04-26|language=en-US}} ranging from Fortune 100 companies to mid-sized businesses in a variety of industries.{{cite web|title=Secureworks, Inc., Atlanta, GA United States|url=http://www.hoovers.com/company/Secureworks_Inc/rfhsyhi-1.html|work=Hoovers|publisher=Hoover's, Inc.|accessdate=18 March 2011}}
It became part of Dell Technologies in February 2011 and was later the subject of an initial public offering to again become a publicly traded company in April 2016.{{Cite web |last=Morgan |first=Steve |title=Dell's SecureWorks To IPO Tomorrow |url=https://www.forbes.com/sites/stevemorgan/2016/04/21/dells-secureworks-to-ipo-tomorrow/ |access-date=2022-11-26 |website=Forbes |language=en}} It was majority-owned by Dell until 2025 when Secureworks was acquired by Sophos.{{r|crn}}{{r|AR|page=15}}
History
Secureworks was founded as a privately held company in 1998{{Cite news |last=Porter |first=Kiel |date=2019-12-23 |title=Dell to Explore Purchase of Rest of Secureworks |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2019-12-23/dell-is-said-to-explore-purchase-of-rest-of-secureworks |access-date=2022-11-26}} by Michael Pearson and Joan Wilbanks. In 2002, Michael R. Cote became president and CEO. In 2005, and again in 2006, the company was named to the Inc. 500 and Inc. 5000 lists{{cite news|title=No. 79 – Secureworks|url=http://www.inc.com/app/inc500/viewCompany.jsp?cmpId=2005079|accessdate=18 March 2011|newspaper=Inc. Magazine (Mansueto Ventures LLC)|year=2005}} 2006{{cite news|title=Inc. 500 Security Firm Wins Innovation Prize|url=http://www.inc.com/news/briefs/200703/0305prize.html|accessdate=18 March 2011|newspaper=Inc. Magazine (Mansueto Ventures LLC)|date=5 March 2007}} and Deloitte’s Fast 500.{{cite news|title=Secureworks Ranks Third Among Georgia's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program|url=http://www.redorbit.com/news/technology/264081/secureworks_ranks_third_among_georgias_fastest_growing_technology_companies_in/index.html|accessdate=18 March 2011|newspaper=redOrbit (Atlanta, Georgia)|date=7 October 2005}}
In 2006, Secureworks merged with LURHQ Corporation and the new entity continued under the Secureworks corporate name.{{Cite web |last=McMillan |first=Robert |date=2006-09-20 |title=Security vendors SecureWorks, LURHQ merge |url=https://www.networkworld.com/article/2307219/security-vendors-secureworks--lurhq-merge.html |access-date=2022-10-16 |website=Network World |language=en}} LURHQ was founded in 1996 in Myrtle Beach, SC and provided managed security services to large enterprises.{{cite news|last=Kavanagh|first=Kelly M.|title=Secureworks/LURHQ Merger Creates a Stronger MSSP Player|url=http://www.gartner.com/DisplayDocument?doc_cd=143647|archive-url=https://web.archive.org/web/20061018031259/http://www.gartner.com/DisplayDocument?doc_cd=143647|url-status=dead|archive-date=October 18, 2006|accessdate=25 September 2006|newspaper=Gartner Research. Gartner Inc.|date=18 March 2011}} With the merger, Secureworks was able to leverage Sherlock, LURHQ's portal, to unify its combined customer base onto a single integrated security management platform.
In 2009, Secureworks acquired the Managed Security Services (MSS) business from VeriSign, Inc. and grew to more than 500 employees worldwide.{{cite news|title=Secureworks Closes Acquisition of VeriSign's Managed Security Services Business|url=https://press.verisign.com/easyir/customrel.do?easyirid=AFC0FF0DB5C560D3&version=live&prid=516574&releasejsp=custom_97|accessdate=18 March 2011|newspaper=VeriSign News|date=7 July 2009}} The acquisition expanded its clients to approximately 2,600 in more than 50 countries, including the United Kingdom, Saudi Arabia, Taiwan, Finland, Spain, Brazil and Mexico. This includes four of the Fortune 10.
In December 2009, Secureworks acquired managed security and consulting firm dns Limited.{{Cite web |date=2009-12-10 |title=SecureWorks expands UK footprint with dns acquisition |url=https://www.itpro.co.uk/business-strategy/acquisition/365837/secureworks-expands-uk-footprint-with-dns-acquisition |access-date=2022-11-26 |website=IT PRO |language=en}}{{Cite web |title=SecureWorks Moves Into Europe With DNS Buy |url=https://www.pcworld.com/article/515373/article-4387.html |access-date=2022-11-26 |website=PCWorld |language=en}} This acquisition expanded Secureworks' operation to include a UK-based operations center and additional offices in London and Edinburgh.[http://news.websitegear.com/view/151011 WebsiteGear.com, 2009]
On January 4, 2011, Dell announced that it would acquire Secureworks to be part of Dell Services. Dell Secureworks officially began operating as a Dell subsidiary on February 7, 2011.{{cite news|last=Frink|first=David|title=Dell To Acquire Secureworks|url=http://content.dell.com/us/en/corp/d/secure/2011-01-04-ir-shld-release.aspx|accessdate=4 January 2011|newspaper=Dell Financial News (Round Rock, Texas: Dell, Inc)|date=18 March 2011}}
Dell Secureworks expanded into Australia and New Zealand region in 2013.{{cite news|last1=Braue|first1=David|title=Dell targets ANZ security opportunities as Secureworks debuts locally|url=http://www.cso.com.au/article/566381/effective-mss-about-more-than-alert-monitoring-new-dell-secureworks-head/|accessdate=27 May 2015|work=CSO Online|agency=CSO|publisher=IDG Enterprise|date=May 22, 2013 |archive-url=https://web.archive.org/web/20210118134915/https://www2.cso.com.au/article/566381/effective-mss-about-more-than-alert-monitoring-new-dell-secureworks-head/ |archive-date=January 18, 2021}} Dell Secureworks opened an operations center in Sydney to meet demands from local Australia businesses, the most in demand services in this area being Penetration Testing, forensic investigations and ongoing monitoring of environments for attacks.{{cite web|last1=Kidman|first1=Angus|title=Dell Secureworks: Australians Eager For Penetration Testing|url=http://www.lifehacker.com.au/2013/05/dell-secureworks-australians-eager-for-penetration-testing/|website=lifehacker|date=22 May 2013 |publisher=Allure Media|accessdate=27 May 2015 |archive-url=https://web.archive.org/web/20200813121819/https://www.lifehacker.com.au/2013/05/dell-secureworks-australians-eager-for-penetration-testing/ |archive-date=August 13, 2020}}
On December 17, 2015, Secureworks filed to go public.Alex Wilhelm, TechCrunch. “[https://techcrunch.com/2015/12/17/dell-subsidiary-secureworks-files-to-go-public-shows-ramping-losses/ Dell Subsidiary Secureworks Files To Go Public, Shows Ramping Losses].” Dec 17, 2015. Dec 17, 2015.{{cite web|title=Dell Files for IPO to Spin Off Secureworks Business Unit|url=http://thevarguy.com/var-guy/dell-files-ipo-spin-secureworks-business-unit|archive-url=https://web.archive.org/web/20160109201605/http://thevarguy.com/var-guy/dell-files-ipo-spin-secureworks-business-unit|url-status=usurped|archive-date=January 9, 2016|date=Jan 6, 2016|work=The VAR Guy}} Subsequently, on April 22, 2016, announced its IPO, raising $112 million after pricing its IPO at $14 per share. However, the company was expecting the initial price to be between $15.50-$17.50. This was the first tech IPO in the U.S. in 2016.Katie Roof, TechCrunch. “[https://techcrunch.com/2016/04/22/dells-secureworks-stumbles-in-first-tech-ipo-of-the-year/ Dell's Secureworks stumbles in first tech IPO of the year].” April 22, 2016. April 22, 2016. In August 2017, Secureworks rebranded its logo and changed capitalization of the 'W' in its name to lower case.
In an evolution of its long standing business of selling Managed Security Services (MSSP), in April 2019, Secureworks announced the availability of Red Cloak Threat Detection and Response, a cloud-based, SaaS next-generation SIEM product designed to analyse, detect, investigate and respond to malicious threats across an organizations endpoints, network and cloud environment.{{Cite web|title=Secureworks Launches New Cybersecurity Analytics Application|url=https://www.secureworks.com/about/press/secureworks-launches-new-cybersecurity-analytics-application|access-date=2020-08-20|website=www.secureworks.com|language=en}}
Along with 20 other cyber security software providers, Secureworks took part in the MITRE ATT&CK Endpoint Protection Product Evaluation, a globally-accessible knowledge base of adversary tactics and techniques based on real-world observations. The ATT&CK knowledge base is used as a foundation for the development of specific threat models and methodologies in the private sector, in government, and in the cybersecurity product and service community. Secureworks [https://www.secureworks.com/products/red-cloak-tdr Red Cloak Threat Detection and Response] was 100% successful at detecting activity for the Persistence, Privilege Escalation, Discovery and Lateral Movement tactics and techniques, which underscores Secureworks’ ability to detect attacks early in the kill chain. Red Cloak TDR had telemetry visibility across the MITRE ATT&CK Framework and was able to capture attacker activity during each step of the evaluation, as well as provide visibility or generated detections across 90% of technique categories used in the evaluation{{Cite web|title=Secureworks Delivers Visibility and Detection Across the MITRE ATT&CK® Framework in First Evaluation of Red Cloak Threat Detection and Response|url=https://www.secureworks.com/about/press/secureworks-delivers-visibility-and-detection-across-the-mitre-attack-framework|access-date=2020-08-20|website=www.secureworks.com|language=en}}
May 21, 2020 Secureworks signaled a shift away from a primarily direct go to market model to a channel focused business model with the announcement of the Secureworks [https://www.secureworks.com/about/partners Global Partner Program], designed to attract and reward resellers and referral partners who sell Secureworks software.{{Cite web|title=Secureworks Launches New Global Partner Program to Address Growing Demand for Cybersecurity Solutions|url=https://www.secureworks.com/about/press/secureworks-launches-new-global-partner-program|access-date=2020-08-20|website=www.secureworks.com|language=en}}
On September 3, 2021, Wendy K. Thomas became president and CEO of Secureworks following the retirement of Michael R. Cote.{{Cite web|title=Wendy K. Thomas Assumes Role of President & CEO of Secureworks|url=https://www.secureworks.com/about/press/wendy-k-thomas-assumes-role-as-president-and-ceo-of-secureworks|access-date=2021-09-14|website=www.secureworks.com|language=en}}
In October 2024, Sophos agreed to acquire SecureWorks for $859 million; the acquisition was completed in February 2025.{{cite web |last=Warminsky |first=Joe |title=Sophos to acquire Secureworks for $859 million |url=https://therecord.media/sophos-to-acquire-secureworks-859-million |website=The Record |date=2024-10-21 |accessdate=2024-10-21}}{{Cite web |last=Alspach |first=Kyle |date=February 3, 2025 |title=Sophos Closes $859M Acquisition Of XDR Specialist Secureworks |url=https://www.crn.com/news/security/2025/sophos-closes-859-million-acquisition-of-xdr-specialist-secureworks |work=CRN}}
Counter Threat Unit
The Secureworks Counter Threat Unit (CTU) monitors, tracks, and analyzes threat vulnerabilities of its global client base.{{Cite web |title=Information Security Services |url=https://i.dell.com/sites/csdocuments/Business_smb_sb360_Documents/en/ca/wp-threat-intelligence.pdf |website=Dell Secure Works}}{{Cite web |title=Secureworks - Endpoint Security & Threat Detection |url=https://www.carahsoft.com/secureworks |access-date=2022-11-15 |website=www.carahsoft.com}}
In May 2020, the Secureworks Counter Threat Unit (CTU) research team began publishing Threat Group profiles on the Secureworks website. Threat Groups are "intrusion sets" or "clusters of observed activity"; that exist in cyberspace; attempt to cause harm to organizations or businesses.
The published Threat Group profiles include a summary of the groups, their objectives, other aliases by which the groups are known, and the malware they use. Both criminal and government-sponsored Threat Groups are included.
References
{{Reflist|30em}}
{{Dell}}
{{DEFAULTSORT:Secureworks}}
Category:Computer companies of the United States
Category:Computer security companies
Category:Computer companies established in 1998
Category:2016 initial public offerings
Category:2011 mergers and acquisitions
Category:Companies based in Atlanta
Category:Companies formerly listed on the Nasdaq
Category:Computer hardware companies
Category:Networking hardware companies