SecureWorks Corp. (SCWX) To Expand In Canada With Delve Labs Acquisition

SecureWorks Corp. (SCWX) early this week came concluding the acquisition of Delve Laboratories, Inc, a designer and developer of software solutions.

SecureWorks is a leading provider of software-based security solutions while Delve Labs offers autonomous security solutions for telecommunications companies, internet service providers, and large payment infrastructures.

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Use of machine learning and artificial intelligence (AI) by SaaS solutions of Delve Labs helps them automate the prioritization and vulnerability detection across endpoints, cloud environment or networks of organizations. Delve Labs’ SaaS provides the IT and data security departments with a prioritized and accurate approach to secure themselves against security breaches.

SecureWorks is in plans of incorporating prioritization and vulnerability discovery technology in its new services to be part of its cloud-based portfolio. SecureWorks cloud portfolio include Threat Detection and Response (TDR) application and Red Cloak, which will offer expanded preview and better insight to its users after integration of the technology completes.

SecureWorks is bringing Delve Labs into its portfolio during a time when company is increasing transformation efforts and has brought its software solutions on track to growth, SecureWorks’ Chief Executive Officer, Michael R. Cote said.

SecureWorks is at a better and strong position in providing deeper intelligence, distinguished end-to-end experience and built a collaborative community to protect its customers in their plans of digital transformation.

Acquiring Delve Labs is a better move by SecureWorks as it will provide it with better capabilities including detection, response, security validation and cyber-risk assessment. All these will help SecureWorks to become a software company, an ESG Fellow & Senior Principal Analyst at ESG, Jon Oltsik said.

Customers of SecureWorks will have Delve Solution available by the end of its fiscal quarter. As Delve Labs serves customers in Canada, the acquisition will provide SecureWorks with opportunity to grow its partner channels and expanding its direct sales footprints in the country.

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