SecureWorks, which markets a 24/7 Internet security monitoring and response service for small- and medium-sized businesses and branch offices, announces that it has closed a second round of funding totaling $20 million. The round was led by Mellon Ventures and includes funding from new investors GE Equity and SBK Capital. They were joined in the equity investment by existing investors Alliance Technology Ventures, ITC Holdings and Noro-Moseley Partners. To date, SecureWorks has raised more than $30 million. The latest infusion of venture capital will be used to expand operations and customer acquisition and marketing programs.
“SecureWorks is a leader in the outsourced Internet security industry,” says John K. Adams, vice president of Mellon Ventures. “SecureWorks offers the first comprehensive yet affordable Internet security solution to the middle market. We’re proud to support SecureWorks and its superior management team in their mission to protect this huge, underserved market.” Trevor Kienzle, vice president of GE Equity, agrees, “We believe SecureWorks has a unique solution for Internet security because the company delivers real-time response, not just monitoring and reporting. This offering comes at a critical time as more and more businesses obtain ‘always on’ Internet connections and discover their need for protection.”
