Dell To Buy SecureWorks
Dell Inc has agreed to buy SecureWorks, a computer security company, to expand its technology services business.
January 05, 2011 / 12:39 IST
Dell Inc has agreed to buy SecureWorks, a computer security company, to expand its technology services business. Dell, which did not disclose terms of its purchase, said it does not plan to buy any more security firms.
"Never say never about future acquisitions, but right now we are focused on SecureWorks. SecureWorks is our security platform going forward," said Peter Altabef, President, Dell Services.
The purchase comes as consolidation in the security space is picking up. Intel Corp last year agreed to buy No. 2 security software maker McAfee Inc for $7.7 billion, while Hewlett-Packard Co purchased security management firm ArcSight for $1.5 billion. "This shows that security is high on the priority list in the corporate infrastructure," said Daniel Ives, an analyst with FBR Capital Markets & Co.
SecureWorks sells security services that its customers access via the Internet. Dell plans to offer its products through its services division, which generates about $8 billion of revenue per year. Atlanta-based SecureWorks has about 700 employees. Its revenue for fiscal 2010 is expected to run around $120 million, according to Dell.
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