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SecureWorks-VeriSign Deal Highlights Acquisition Trend In Security Services
Security
Written by Daniel   
Wednesday, 08 July 2009 11:37
As SecureWorks gets bigger faster, VeriSign pulls out of services business

Jul 07, 2009 | 11:30 PM
By Tim Wilson
DarkReading

SecureWorks today completed the purchase of VeriSign's managed security service business -- a move that typifies a continuing trend toward consolidation and specialization in the security services market, according to some experts.

The SecureWorks-VeriSign deal, which was first disclosed in May, is the company's second buyout of a fellow services provider in the past three years. While the financial details of the acquisition were not disclosed, SecureWorks says its post-merger client base is approximately 2,600 clients, including four of the Fortune 10. The merged organization will have about 500 employees, with a presence in about 50 countries and a run rate of about $100 million annually, officials say. [Comments...]
 

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