SecureWorks and LURHQ, both leaders in the Managed Information Security Services market, have merged to form the new SecureWorks, the industry's leading, pure-play Managed Security Services Provider (MSSP). SecureWorks is now managing 1,500 clients and 5,000 security devices worldwide.
ATLANTA, Sep. 20, 2006-–SecureWorks has established itself as the experts in detecting and preventing external Internet attacks. SecureWorks has an award-winning intrusion prevention service, a full suite of defense-in-depth solutions, and a team of highly skilled security professionals, including regulatory experts who can consult with organizations to improve their compliance and security posture. The company has been delivering rock-solid security to commercial companies since 1999. LURHQ is the leader in identifying and managing internal threats and has been providing its award-winning Security Information and Event Monitoring (SIEM) service to the enterprise since 1996. Combined, the two companies can leverage unparalleled threat visibility to identify and prevent security events throughout the enterprise. These services can be provided in a co-managed model through transparent analysis, reporting and ticketing or as a fully managed security solution - or anything in between.
"This merger gives us the rare opportunity to create a Managed Security Services organization that is nothing short of excellent," said Mike Cote, president and CEO of SecureWorks. "It brings together two client-focused security providers that have consistently exceeded expectations and have led the market in client satisfaction. The combination of strong client service, award winning Managed Security Services (MSS) and Intrusion Prevention Services (IPS), and experienced security professionals position SecureWorks as the premier provider of MSS to any size organization, from multi-national Fortune 500 companies to local financial institutions."
"This partnership is a win-win for everyone: our clients, employees and the security industry," said Tony Prince, founder and CEO of LURHQ. "There is true synergy between the two companies, both from a business perspective and from a cultural perspective. LURHQ and SecureWorks value their clients and employees above everything. Our dedication to client service, while providing the very best in Information security is what sets LURHQ and SecureWorks apart from our competitors and what makes us such a perfect team. By merging our two companies, we can greatly expand the breadth and depth of our services and that of our research teams. By combining our threat data and analysis capabilities, our larger research team will have a broader detection network and, as a result, more data from which to identify threats and develop countermeasures."
Mike Cote, president and CEO of SecureWorks, will serve as President and CEO of the combined companies, while LURHQ founder and CEO Tony Prince will be Executive Vice President. Prince will be responsible for guiding strategy for the combined company. The remaining leadership positions in the company will be filled with a blend of LURHQ and SecureWorks executives. This veteran team of MSS executives has extensive experience leading two of the fastest-growing MSSPs in the industry.
"This is a very positive move for both companies and their clients," said Sandra Palumbo, Senior Analyst at Yankee Group. "SecureWorks and LURHQ are recognized leaders in the Managed Security Services industry. Both organizations bring to the table competitive, robust security solutions, cutting-edge IPS and SIEM services, and highly skilled research teams. Combined, we believe this merger will result in an MSSP that can seamlessly protect any Fortune 500 enterprise, as well as any commercial client. Companies will benefit from the new expanded solution set and SecureWorks' ability to customize their security offerings to fit the needs of any organization."
The company will be headquartered in Atlanta, Georgia with offices in Chicago, Illinois and Myrtle Beach, South Carolina and Charlotte, North Carolina. The merged company will maintain 24x7x365 Security Operations Centers in Atlanta, Chicago and Myrtle Beach.
SecureWorks will provide the following security services:
- Security Information and Event Management
- Security Device and Log Monitoring/Analysis
- Network Intrusion Prevention
- Firewall Management
- Host Intrusion Prevention Service
- Vulnerability Assessment
- Threat Intelligence
- Encrypted Email
- Email Filtering
- Professional Services
LURHQ is the leading provider of Threat and Vulnerability Management services. LURHQ empowers security professionals at enterprise clients by partnering with them to provide the Consulting and Managed Security Services necessary to better align their security efforts with business risk. The result is the development of a strategic Threat and Vulnerability Management process that delivers an enhanced security posture, greater security operations efficiency, improved compliance and reduced security program costs. LURHQ has won SC Magazine MSSP of the Year 2006 award, Frost & Sullivan's MSSP Growth Strategy Leader 2005 and Frost & Sullivan's 2006 Entrepreneurial Company of the Year award. For more information, visit www.lurhq.com.
SecureWorks, named by the Yankee Group as a leading MSSP, ranked 163rd for 2006 and 79th for 2005 on the Inc. 500 Fastest Growing Private Companies List. SecureWorks also ranked 39th on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. SecureWorks is the only service provider that prevents network intrusions at the perimeter, firewall and host levels; monitors client networks 24x7x365; provides ongoing vulnerability assessments; and protects email from spam and viruses while automatically encrypting email to protect confidential information. SecureWorks is a member of the elite FIRST (Forum of Incident Response and Security Teams), won the SC Magazine Intrusion Prevention Solution of the Year 2006 award and has been listed on CIO magazine's "CIO 100 List" for two consecutive years. For more information, visit www.secureworks.com.