SecureWorks, an Atlanta-based information security services company, said Tuesday that it is being acquired by Dell.
The privately held company, founded in 1999, has grown rapidly and has more than 3,000 clients in 70 countries, including 15 percent of Fortune 500 firms. It is regarded as a leader in its field.
Terms of the deal were not discussed.
"Dell's global scale and relationships with clients provide a tremendous opportunity to rapidly expand SecureWorks' business," said Michael Cote, CEO and chairman of SecureWorks.
SecureWorks processes daily more than 13 billion "security events," or potential security threats such as computer hacking attempts. It said it has more than 1,500 banks and credit unions as clients and that it protects trillions of dollars in financial assets. Besides financial services, its clients operate in industries including utilities, health care, retailing and manufacturing.
The firm is one of a large number of information security companies in metro Atlanta, including IBM Internet Security Systems, Lancope, Vigilar, Purewire and Damballa.
Of its 700 employees around the world, 300 are based in Atlanta. The company's revenue has increased from $14 million in 2005 to $86 million in 2009. Its projected 2010 fiscal year revenue is more than $120 million.
"The frequency and sophistication of attacks on technology infrastructure and malicious attempts to access data require reliable, capable and innovative information security," said Peter Altabef, president of Dell Services. "SecureWorks is a recognized industry leader in information security services, and its offerings and expertise will immediately enhance our solutions portfolio."
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