Secureworks Announces New “Partner First” Business Model

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To further its purpose of ensuring human progress, Secureworks® (NASDAQ: SCWX), a global pioneer in cybersecurity, today announced a significant next step in the evolution of its Global Partner Program.

After December 1, 2022, Secureworks TaegisTM new business in North America will be sold only through collaboration with partners at competitive discounts tailored to give our partners with market-leading margins.

Over 75% of Taegis’ new business in Q2 FY23 was a result of collaborative efforts with other companies. Partner First’s next phase will involve putting money into Secureworks’ most promising strategic alliances so that they may realise the company’s ambitious expansion goals. Partner First is scheduled for a worldwide release in 2023.

Secureworks has come a long way since its days as a managed security service provider (MSSP), and the adoption of a partner-first strategy for its cloud native platform Taegis marks a major turning point in that evolution.

With 100% year-over-year growth in ARR during Q2, “Taegis XDR has gained substantial market traction and now accounts for more than half of our ARR.” Now is the time to expand our go to market strategy. Secureworks CEO Wendy Thomas believes that by working hand in hand with the company’s key partners, they can build on the company’s current momentum. Since we first started our SaaS transition, we’ve been working toward this goal of having a large percentage of our partners renew their contracts each year. Partner First ensures that our clients may consult with their go-to partners in the business world.

Organizations may improve their cybersecurity and lower their cyber risk with the help of Secureworks Taegis. Taegis is a cloud-native, all-encompassing security system that allows for unparalleled threat detection and reaction time. Taegis’s open architecture allows for the real-time incorporation of standardised and processed feeds from third-party technologies, as well as Secureworks’ proprietary data and threat intelligence, with the purpose of detecting and eliminating threats.

Source: Prnewswire

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