SecureWorks Raises $31M to Expand

Explore this investment 07.30.09

Our investment in SecureWorks was highlighted in the Atlanta Business Chronicle. The article reports that “Atlanta-based SecureWorks Inc. has raised $31.5 million to help finance an acquisition that will boost its customer base and expand its geographic footprint.”

SecureWorks CEO, Mike Cote, spoke to the Atlanta Business Chronicle about our investment and the value we bring to his company.

“The bulk of the Series C round — about $20 million — came from Boston-based Great Hill Partners, which closed a $1.1 billion fund in February. The private equity firm has set aside up to $120 million to potentially invest in SecureWorks, Cote said…

“The new financing helped pay for SecureWorks’ roughly $45 million acquisition of the assets of VeriSign Inc.’s managed security services business… Great Hill… brings more than greenbacks to the table. The private equity firm has experience growing companies internationally — a focus area for SecureWorks…Great Hill’s contacts inside the federal government are also attractive to SecureWorks.”

Read the full article from the Atlanta Business Chronicle.