Secureworks Named a ‘Leader’ in the IDC MarketScape: Worldwide Managed Security Services 2017 Vendor Assessment
October 03 2017 - 1:00PM
Business Wire
Secureworks® (NASDAQ: SCWX), a leading global cybersecurity
company that keeps organizations safe in a digitally connected
world, has been named a ‘Leader’ in the IDC ‘MarketScape: Worldwide
Managed Security Services 2017 Vendor Assessment’ report (doc
#US41320917, August 2017).
The report noted, “Secureworks offers threat intelligence and
advanced threat detection services that are highly sophisticated.
Customer feedback included praise for Secureworks’ portal
improvements, for the breadth of reports, and for the flexibility
of services.”
“Secureworks is extremely pleased to once again be named a
‘Leader’ in the IDC MarketScape worldwide report for managed
security services,” said Michael R. Cote, CEO of Secureworks. “Our
mission is to provide our clients with the technology and security
expertise needed to unleash the value of their cybersecurity
investments so our clients may innovate and grow in a
digitally-connected world. I believe this report is one proof point
that Secureworks is not only committed to this goal but is
achieving its mission.”
Founded in 1999, Secureworks provides intelligence-driven
information security solutions focused on protecting clients of all
sizes from cyber-attacks. The company’s portfolio features an array
of subscription-based, managed and monitored security solutions in
addition to security and risk consulting services, incident
response, and up-to-the-minute threat intelligence.
Being vendor neutral, Secureworks’ solutions can integrate with,
monitor and manage numerous third-party products that allow the
company to analyze event feeds from hundreds of thousands of
security devices running on client premises or in the cloud. These
managed and monitored solutions help organizations maximize their
existing investments in cybersecurity.
This year, Secureworks added a new solution to its endpoint
security portfolio, specifically an Advanced Endpoint Threat
Prevention service, and added a new offering to its cloud security
portfolio: Secureworks Cloud Guardian™. Powering these and other
offerings is the Secureworks Counter Threat Platform™ (CTP). The
CTP blends machine learning and the global visibility gained from
gathering and analyzing data from thousands of clients across the
globe. Adding to the strength of the CTP is Secureworks Counter
Threat Unit™ (CTU) research team, which provides the human
expertise needed to identify sophisticated threats. By combining
up-to-the-minute threat intelligence from the CTU with the CTP’s
machine learning and analytics capabilities, Secureworks is able to
more accurately predict, prevent, detect and respond to cyber
threats on behalf of its clients.
About IDC MarketScape: IDC MarketScape vendor analysis
model is designed to provide an overview of the competitive fitness
of ICT (information and communications technology) suppliers in a
given market. The research methodology utilizes a rigorous scoring
methodology based on both qualitative and quantitative criteria
that results in a single graphical illustration of each vendor’s
position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities
and strategies, and current and future market success factors of IT
and telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Secureworks
Secureworks® (NASDAQ: SCWX) is a leading global cybersecurity
company that keeps organizations safe in a digitally connected
world. We combine visibility from thousands of clients, artificial
intelligence and automation from our industry-leading Secureworks
Counter Threat Platform™, and actionable insights from our team of
elite researchers and analysts to create a powerful network effect
that provides increasingly strong protection for our clients. By
aggregating and analyzing data from any source, anywhere, we
prevent security breaches, detect malicious activity in real time,
respond rapidly, and predict emerging threats. We offer our clients
a cyber-defense that is Collectively Smarter. Exponentially Safer.™
www.secureworks.com
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. In some cases,
you can identify these statements by such forward-looking words as
“anticipate,” “believe,” “confidence,” “could,” “estimate,”
“expect,” “guidance,” “intend,” “may,” “plan,” “potential,”
“outlook,” “should,” “will” and “would,” or similar words or
expressions that refer to future events or outcomes. These
forward-looking statements represent Secureworks’ judgment only as
of the date of this press release.
Actual results and events in future periods may differ
materially from those expressed or implied by these forward-looking
statements because of risks, uncertainties and other factors,
including those relating to: Secureworks’ ability to achieve or
maintain profitability; Secureworks’ ability to enhance its
existing solutions and technologies and to develop or acquire new
solutions and technologies; the rapidly evolving market in which
Secureworks operates; Secureworks’ reliance on personnel with
extensive information security expertise; fluctuations in
Secureworks’ quarterly results and other operating measures;
intense competition in Secureworks’ markets; Secureworks’ ability
to attract new clients, retain existing clients and increase its
annual contract values; Secureworks’ reliance on its largest client
and on clients in the financial services industry; Secureworks’
ability to manage its growth effectively; Secureworks’ ability to
maintain high-quality client service and support functions;
Secureworks’ service level agreements with clients requiring
credits for service failures or inadequacies; Secureworks’ ability
to continue expansion of its sales force; Secureworks’ long and
unpredictable sales cycles; risks associated with Secureworks’
international sales and operations; Secureworks’ ability to expand
its key distribution relationships; Secureworks’ technology
alliance partnerships; real or perceived defects, errors or
vulnerabilities in Secureworks’ solutions or the failure of its
solutions to prevent a security breach; the ability of Secureworks’
solutions to interoperate with its clients’ IT infrastructure;
Secureworks’ ability to use third-party technologies; the effect of
evolving information security and data privacy laws and regulations
on Secureworks’ business; Secureworks’ ability to maintain and
enhance its brand; risks associated with Secureworks’ acquisition
of other businesses; Secureworks’ recognition of revenue ratably
over the terms of its managed security and threat intelligence
contracts; the effect of timing differences between the expensing
of sales commissions paid to Secureworks’ strategic and
distribution partners and the recognition of associated revenues;
estimates or judgments relating to Secureworks’ critical accounting
policies; Secureworks’ exposure to fluctuations in currency
exchange rates; the effect of governmental export or import
controls on Secureworks’ business; Secureworks’ compliance with the
Foreign Corrupt Practices Act and similar laws; Secureworks’
ability to maintain effective disclosure controls and procedures;
the effect of natural disasters and other catastrophic events on
Secureworks’ ability to serve its clients; Secureworks’ reliance on
patents to protect its intellectual property rights; Secureworks’
ability to protect, maintain or enforce its non-patented
intellectual property rights and proprietary information; claims by
third parties of infringement of their proprietary technology by
Secureworks; Secureworks’ use of open source technology; and risks
related to Secureworks’ relationship with Dell Technologies Inc.
and Dell Inc. and control of Secureworks by Dell Technologies
Inc.
This list of risks, uncertainties and other factors is not
complete. Secureworks discusses these matters more fully, as well
as certain risk factors that could affect Secureworks’ business,
financial condition, results of operations and prospects, under the
caption “Risk Factors” in Secureworks’ annual report on Form 10-K
for the fiscal year ended February 3, 2017, as well as in
Secureworks’ other SEC filings, including Secureworks’ most recent
quarterly report on Form 10-Q for the fiscal quarter ended August
4, 2017.
Any or all forward-looking statements Secureworks makes may turn
out to be wrong and can be affected by inaccurate assumptions
Secureworks might make or by known or unknown risks, uncertainties
and other factors, including those identified in this press
release. Accordingly, you should not place undue reliance on the
forward-looking statements made in this press release, which speak
only as of its date. Secureworks does not undertake to update, and
expressly disclaims any obligation to update, any of its
forward-looking statements, whether as a result of circumstances or
events that arise after the date the statements are made, new
information or otherwise.
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SecureWorksElizabeth W. Clarke, 404-486-4492Director of Media
Relationseclarke@secureworks.comwww.Secureworks.com
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