Dell Buying IT Security Firm SecureWorks

'The frequency and sophistication of attacks on technology infrastructure and malicious attempts to access data, requires reliable, capable and innovative information security,' Dell says explaining its purchase.

Dell said on Jan. 4 that it has reached an agreement to buy information technology security firm SecureWorks.

"The frequency and sophistication of attacks on technology infrastructure and malicious attempts to access data, requires 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," Altabef said.

SecureWorks, founded in 1999, has 700 employees and projected 2010 revenue of more than $120 million. The Atlanta, Georgia-based firm has more than 2,900 clients in 70 countries including mid-sized businesses and companies in the financial services, utilities, health care, retail and manufacturing sectors.

"Dell's global scale and relationships with clients provides a tremendous opportunity to rapidly expand SecureWorks' business," SecureWorks chairman and chief executive Michael Cote said.

Dell said the acquisition is expected to close in early 2011. Financial details of the transaction were not disclosed.

Copyright Agence France-Presse, 2011

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