TechCrunch reports Dell “has filed confidentially for an IPO for its SecureWorks cybersecurity unit.” The IPO is expected to happen before the end of the year, the report states, adding, “Dell acquired SecureWorks for $612 million in 2011 for its security software and consulting businesses in an effort to expand beyond its computer hardware focus.” Dell went private in 2013 when it was purchased by Michael Dell and Silver Lake for $25 billion, the report states, noting, “SecureWorks could be valued at up to $2 billion” and “is working with Bank of America and Morgan Stanley to manage the IPO.”
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