Managed Security Services provider Secureworks (NASDAQ:SCWX), announced on Wednesday that it has agreed to acquire acquire Delve Laboratories, a compa
Managed Security Services provider Secureworks (NASDAQ:SCWX), announced on Wednesday that it has agreed to acquire acquire Delve Laboratories, a company that provides a vulnerability management and asset discovery platform.
Terms of the acquisition were not disclosed. According to SecurityWeek’s research, Delve has raised roughly $1.5 million in Seed funding.
Checking all the buzzwords, Delve describes that its SaaS-based automated vulnerability management platform intelligently prioritizes vulnerabilities at scale and in context, and is powered by artificial intelligence (AI) and machine learning (ML) to provide customers with actionable data on vulnerabilities across their network, endpoints and cloud that are at a higher risk of being exploited.
Montreal, Canada-based Delve was founded in 2014 and also has offices in New York City.
Secureworks will start selling the Delive platform as part of its portfolio this quarter, and will also integrate Delve technology into the Secureworks Red Cloak Platform and TDR application.
“Against the backdrop of today’s digital landscape, our customers demand sophisticated, scalable solutions that respond to threats putting their business and workforce at risk,” said Michael R. Cote, Chief Executive Officer of Secureworks. “The acquisition of Delve will enrich Secureworks’ intelligence, further differentiate our end-to-end capabilities, and accelerate our transformation to deliver software with security at its core.”
The acquisition is expected to be completed in Secureworks’ 2021 fiscal third quarter and is subject to customary closing conditions.