With the increasing usage and application of the internet, cybercrimes have also risen drastically. Every year we witness that some of the other large enterprises have been compromised by hackers. So, to develop a more secure system for companies to protect client’s data and any sensitive information, the demand for cybersecurity has increased. Secureworks is one such cybersecurity company that provides a wide range of products and services for large and medium-sized enterprises. Michael Pearson and Joan Wilbanks founded the company in 1998 and it is based in Atlanta, Georgia, US.
About Secureworks
Secureworks provides a cloud-native security analytics platform that was built more than 20 years ago. Unlike any other IT company of the digital era, Secureworks is exclusively focussing only on cybersecurity and combat real-world cyber threats. The company has clients that belong to the Fortune 100 list as well as medium-sized organizations. Privacy and data are crucial irrespective of the size of a company. So, Secureworks builds solutions that can be compatible for use in various types of organizations. Currently, the company is led by Michael R. Cote and it approximately has 4,000 employees across 50 countries.
History of Secureworks
Michael Pearson and Joal Wilbanks founded Secureworks in 1998. It was established as a private company and in 2002 Michael R. Cote came on board as the President and CEO of the company. Only after a few years that it started operating, Secureworks was featured both in Inc 500 and Inc 5000 as well as Deloitte’s Fast 500. To expand the customer base of Secureworks, the company merged with LURHQ Corporation in 2006. LURHQ was a security services company based in Myrtle Beach, SC. After this merger, the new company operated under the name of Secureworks. It helped Secureworks to leverage LURHQ’s portal, Sherlock, and combine the customers onto a single security platform.
In 2009, Secureworks crossed 500 employees worldwide after acquiring Managed Security Services (MSS) from VeriSign Inc. With the help of this acquisition, the total clients of Secureworks rose to 2,600 spread across 50 different nations. Some of the countries include Saudi Arabia, Taiwan, Mexico, UK, Finland, Spain, and Brazil. This acquisition was followed by buying another company called DNS limited which expanded Secureworks’ operation such that it opened additional offices in London and Edinburgh.
After a couple of years, Dell showed interest in buying Secureworks and the deal was successfully closed in February 2011. The company became a subsidiary of Dell and it was named Dell Secureworks. After this acquisition, the newly formed subsidiary expanded to New Zealand and Australia in 2013. To operate in the Australian market, the company opened a new office in Sydney. Some of the highly demanded operations here included forensic investigation, Penetration Testing, and continuous monitoring of the environment for attacks.
Recent years
Secureworks from acting as an independent private company to becoming a subsidiary of Dell created an impressive customer base and expanded very quickly. So, in 2015 the company decided to file its IPO and announced it a year later with a price of $14 a share. In the year 2016, this became the first tech IPO in the US. In the following years, the company conducted rigorous research to roll out advanced security products for threat detection and combating. This led to the release of Red Cloak Threat Detection and Response. Red Cloak is a powerful cloud-based threat detection service that reduces the time of threat detection and gets it out of the way at the earliest. This year, the company changed its business model from a direct go-to-market model to a channel focussed business model.
Michael R. Cote – CEO of Secureworks
Michael R. Cote has been serving as the CEO of Secureworks since 2002. Even after it became a subsidiary of Dell, Michael continued to serve in this position. He is also a member of the Board of Directors of the company. When he joined the company at a very early stage, Secureworks barely made an annual revenue of $1 million. It was under his guidance that the company secured its IPO and generated annual revenue of $553 million last year on a GAAP basis. Michael is an alumnus of Boston College.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more