1 min

Tags in this article

, , ,

According to sources, Dell Technologies is considering buying the remaining shares of cybersecurity company Secureworks, a report by Bloomberg shows.

Sources state that Dell is interested in buying the remaining 13.8 percent of Secureworks’ shares. This would mean that the company would become fully owned by Dell. Bloomberg notes that a final decision has not yet been made, and that in principle, Dell can still drop the idea. According to Bloomberg’s sources, Dell had previously also considered selling its shares in the company.

Secureworks provides security services for business customers. It was largely acquired by Dell in 2011 and was listed on the stock exchange in 2016. At this moment Dell has a share of 86.2% in the company, and de facto already has 98.4% of the voting rights in the company, according to Bloomberg.

Dell remains busy

Dell’s possible move would only be the last in a series of investments since the company re-entered its shares on the market in 2018. Last month alone, it was announced that Dell was investigating the sale of its subsidiary RSA Security; a deal that could potentially raise more than $1 billion.

“Dell doesn’t come to rest and instead keeps investing and divesting in its portfolio companies,” said analist Holger Mueller of Constellation Research. “But it’s really time to get out of this phase and offer investors, customers and prospects a clear portfolio of capabilities and the align and then execute on them for future success.”