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Secureworks To Buy Vulnerability Management Provider Delve

Secureworks’ proposed acquisition of Delve Laboratories will provide customers with more accurate and actionable data about the highest-risk vulnerabilities across their network, endpoints and cloud.

Secureworks has agreed to purchase vulnerability scanning and prioritization firm Delve Laboratories to extend its threat detection and response capabilities with new integrations and analytics.

The Atlanta-based cybersecurity company said its proposed acquisition of New York- and Montreal-based Delve will provide customers with more accurate and actionable data about the highest-risk vulnerabilities across their network, endpoints and cloud. The company’s automated vulnerability management platform intelligently prioritizes vulnerabilities at scale and in context, Secureworks said.

“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,” Secureworks CEO Michael Cote said in a statement.

[Related: Secureworks Debuts New Partner Program To Expand Reach]

Terms of the deal, which is expected to close by Oct. 31, were not disclosed. The company’s stock is up $0.42 (3.58 percent) to $12.16 in premarket trading. Secureworks also announced before the market opened Wednesday that revenue for the quarter ended July 31 had increased 1.4 percent to $138.5 million while its loss had improved 88.1 percent to $1.2 million, or $0.02 per diluted share.

Delve was founded in 2014, employs 25 people, and in December 2016 raised $1.5 million in seed funding from Real Ventures, Desjardins Innovatech and Fonds Quebecor Innovation, according to LinkedIn and Crunchbase. The company’s all-in-one offering automates asset discovery, vulnerability planning, contextual vulnerability prioritization and remediation planning, according to Secureworks.

“We were the first to deliver a context-based, AI-driven vulnerability scanning and prioritization solution, and we believe this pioneering spirit is the ideal complement to Secureworks’ proven approach to helping customers grow their business securely,” Delve CEO Gabriel Tremblay said in a statement.

The combination of Secureworks and Delve will expand customers’ access to the applications they need to make decisions that effectively defend their organizations against the most threatening adversaries, Tremblay said. Delve’s offering will be available for sale this quarter as part of Secureworks’ portfolio, and Delve’s technology will also be integrated into Secureworks’ cloud-native Red Cloak Platform.

“To Delve customers, we look forward to introducing you to the Secureworks team and demonstrating our purpose to secure human progress by outpacing and outmaneuvering the adversary,” Cote said in an open letter to customers and partners on Delve’s website.

Delve offers an MSSP-friendly multitenant, multicustomer architecture, which allows MSSPs to easily deploy, track and report on multiple customers, according to the company’s website. The company’s flexible and MSSP-friendly pricing model adapts to the partner’s business rather than the other way around.

The company’s customers include other cybersecurity vendors like GoSecure, Nuance and Vulsec, financial services companies like Desjardins, Scotiabank and Flinks and real estate firms like JRL, according to the company’s website. Delve also supports technology organizations like the Computer Incident Response Center Luxembourg (CIRCL).

Secureworks has made few acquisitions in its 21-year history. Other deals include its 2009 acquisition of Verisign’s managed security services (MSS) business, its 2009 acquisition of managed security services and consulting organization dns Limited, and its 2006 merger with threat management and security information and event management (SIEM) provider LURHQ.

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