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Dell cyber security subsidiary SecureWorks files for IPO

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Investing.com -- SecureWorks, a subsidiary of Dell, announced on Thursday that it has registered with the Securities and Exchange Commission to carry out an Initial Public Offering of its Class A Common Stock.

SecureWorks, an Atlanta-based managed security service, provides early warning signals for evolving cyber threats allowing organizations to respond rapidly to cyber attacks. Founded in 1998 as a private company, SecureWorks expanded swiftly, receiving inclusion on the Inc. 500 and Deloitte's Fast 500 in 2005 and 2006. By 2009, SecureWorks increased its client base to 2,600 in 50 countries after it acquired the managed security services division from VeriSign (O:VRSN).

Two years later, SecureWorks was acquired by Dell to become part of the company's Dell Services segment. SecureWorks officially became a subsidiary of Dell in February, 2011.

The move came nearly 20 months before Dell went private in 2013 when company founder Michael Dell acquired the multinational computer giant along with Silver Lake Partners, a global technology investment firm.

Earlier in the year, SecureWorks expanded its imprint into the South Pacific by launching operations in Australia and New Zealand. The company's operations center in Sydney is regarded among the leaders in the region in conducting penetration and forensic investigative practices to foil suspicious cyber attacks.

When Dell filed confidentiality for an IPO with the SEC in early-October, the Wall Street Journal reported that the cybersecurity company could be valued at as much as $2 billion.

The IPO is expected to be completed early next year after the SEC completes a review process initiated earlier in the fall, Dell said in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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