SecureWorks completes acquisition of Managed Security Services from VeriSign

News by SC Staff

SecureWorks has completed its acquisition of the Managed Security Services (MSS) business from VeriSign.

SecureWorks has completed its acquisition of the Managed Security Services (MSS) business from VeriSign.

The acquisition means that SecureWorks has expanded its presence outside of North America with clients, channel partners and operations in more than 50 countries, including the UK, Saudi Arabia, Taiwan, Finland, Spain, Brazil and Mexico.

SecureWorks and VeriSign have an agreement to share data and intelligence between the VeriSign iDefense business and the SecureWorks Security Services business to help facilitate a seamless transition for clients.

Irida Xheneti, security services research analyst at IDC, said: “This is a great opportunity for both organisations to leverage synergies from this acquisition and address customer needs in several market segments. By focusing purely on security services and continuing high customer touch, this acquisition positions SecureWorks for further growth.”

Mike Cote, chairman and CEO of SecureWorks, said: “First and foremost, I believe this acquisition benefits clients of both businesses because it expands the depth and breadth of our security services, giving us even better tools and security intelligence with which to protect our clients.

“Today, the internet threats being levied at organisations and their customers are increasing in both volume and complexity and, unfortunately, the threats are growing for all sizes of organisations. A security services provider that has knowledge and expertise, a broad client base providing data, a robust infrastructure, and a trusted reputation meets a critical need for organisations in today's business and computing environment.”

Jim Bidzos, executive chairman of the board of directors and chief executive officer on an interim basis at VeriSign, said: “The sale of the Managed Security Services business is another important step toward VeriSign's divestiture goals as we continue our focus on core internet infrastructure businesses.

“Our primary objective throughout the MSS divestiture process was to work with a buyer who is a recognised leader in the field – one that could facilitate a smooth transition for customers and present the most promising opportunities for our employees. With SecureWorks, we believe we achieved this objective.”

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