SecureWorks Closes Acquisition of VeriSign's Managed Security Service... (CEO of SecureWorks. Today the Internet...)

SecureWorks Closes Acquisition of VeriSign's Managed Security Services Business

Date:7/7/2009

CEO of SecureWorks. "Today, the Internet threats being levied at organizations and their customers are increasing in both volume and complexity and, unfortunately, the threats are growing for all sizes of organizations. 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 organizations in today's business and computing environment. With this acquisition, SecureWorks solidifies its position as one of the market's top security services providers and, indeed, one of the largest pure-play providers serving the entire market."

"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," said Jim Bidzos, executive chairman of the board of directors and chief executive officer on an interim basis of VeriSign. "Our primary objective throughout the MSS divestiture process was to work with a buyer who is a recognized 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."

Post-closing, SecureWorks employs approximately 500 people globally and anticipates run-rate revenues greater than $100 million annually.

SecureWorks Security Services

SecureWorks provides a broad array of integrated security services including: management of Intrusion Detection and Prevention Systems, Network and Web Application Firewalls, 24x7 Security Monitoring, Security Information and Event Management (SIEM), Log Management, Threat Research, Vulnerability Management, 3rd Party Risk Management, Risk Assessments, Compliance Audits, Governance and Policy Development, Incident Response and Expert Residency.

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