SecureWorks, a provider of information-security services based in Atlanta, announced its initial public offering of 9,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $15.50 and $17.50 per share.
SecureWorks will trade on the NASDAQ Global Select Market under the symbol “SCWX.”
Some background notes on the company:
- Dell acquired SecureWorks in 2011.
- Claims 4,200 clients worldwide.
- Generates revenue from managed security and threat intelligence solutions through subscription-based arrangements, as well as revenue from security and risk consulting engagements through fixed-price or retainer-based contracts.
- Total revenue was $339.5 million in fiscal 2016, $262.1 million in fiscal 2015 and $205.8 million in fiscal 2014, for annual growth of 30% and 27%, respectively.
- Incurred net losses of $72.4 million in fiscal 2016, $38.5 million in fiscal 2015 and $44.5 million in fiscal 2014.
- Headed by Michael R. Cote
- Total of 2,47 employees
