Dell Explores Sale of SecureWorks Cybersecurity Unit

Dell Technologies is once again considering the sale of its cybersecurity subsidiary, SecureWorks, after previous attempts in 2019 were unsuccessful. The company has engaged Morgan Stanley and Piper Sandler to explore interest from potential buyers, particularly private equity firms. While SecureWorks has a current market value of approximately $800 million and has shown revenue growth, Dell may ultimately choose to retain ownership as no sale is guaranteed. Dell, which owns 79.2% of SecureWorks, has been divesting non-core assets to manage its substantial long-term debt of $17.8 billion. The stock for SecureWorks saw a significant jump following the announcement, while Dell's stock also experienced gains. SecureWorks, known for its Taegis platform, has faced challenges in the competitive cybersecurity market, contributing to its fluctuating share prices.