has issued Convertible Preferred Stock to an investor group led by
SecureWorks is a market-leading provider of world-class information security services.
Senior Team
SecureWorks
Type
M&A Buy-Side
Description
has issued Convertible Preferred Stock to an investor group led by
SecureWorks is a market-leading provider of world-class information security services.
About
SecureWorks is a market leading provider of world-class information security services with over 2,600 clients worldwide spanning North America, Latin America, Europe, the Middle East and the Pacific Rim. Organizations of all sizes, including more than ten percent of the Fortune 500, rely on SecureWorks to protect their assets, improve compliance, and reduce costs.
Situation
The Company was looking to expand its security offering and had come to an agreement to acquire the managed security services business from VeriSign, Inc. (NASDAQ: VRSN). Croft & Bender was aware of the situation and introduced Great Hill Partners as a source of equity financing.
Result
As a result of the Croft & Bender introduction and ongoing assistance, Great Hill Partners provided the majority of the equity capital necessary to close on the transaction, strengthening SecureWorks leadership position as a global, pure-play security services provider.