Dell Buys Internet Security Provider SecureWorks

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ROUND ROCK, Texas – Dell computers said this morning it has agreed to acquire SecureWorks Inc., the popular information security services provider for credit unions and banks, for $120 million.

SecureWorks' Security-as-a-Service solutions include Managed-Security Services, Security and Risk Consulting Services and Threat Intelligence. It is a leader in detecting malware and other online threats for the financial services industry, claiming more than 1,500 credit union and bank clients. Among its partners are Corporate Central CU, Corporate America CU, Suncorp FCU,Corning FCU and NCUA.

The ten-year-old company is based in Atlanta.

Dell said it sees the acquisition to be the right method for its expansion in the managed security services sector, as SecureWorks specializes in information-security services solutions including managed security services, security and risk consulting services, as well as threat intelligence. Last month, Dell made its first debut in the cloud computing space after it agreed to purchase data storage firm Compellent Technologies for $960 million.

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