Secureworks Named a 'Leader' in the IDC MarketScape: Worldwide Managed Security Services 2017 Vendor Assessment
ATLANTA, October 3, 2017 -- 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.
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.