M&A Deal Summary

SecureWorks Acquires LURHQ

On September 20, 2006, SecureWorks acquired information technology company LURHQ from Frontier Growth

Acquisition Highlights
  • This is SecureWorks’ 1st transaction in the Information Technology sector.
  • This is SecureWorks’ 1st transaction in the United States.
  • This is SecureWorks’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2006-09-20
Target LURHQ
Sector Information Technology
Buyer(s) SecureWorks
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition

Target

LURHQ

Myrtle Beach, South Carolina, United States
LURHQ Corporation managed IT Security Services in US. It offers managed security services, such as managed intrusion prevention, managed vulnerability scanning, threat intelligence, managed intrusion detection, managed firewall, and managed enterprise security monitoring.

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Buyer(S) 1

Buyer

SecureWorks

Atlanta, Georgia, United States
Category Company
Founded 1999
Sector Information Technology
Employees1,516
Revenue 366M USD (2024)
DESCRIPTION

SecureWorks is a provider of information security services, with over 2,600 clients worldwide spanning North America, Latin America, Europe, the Middle East and the Pacific Rim. Organizations of all sizes, including more than ten percent of the Fortune 500, rely on SecureWorks to protect their assets, improve compliance and reduce costs. SecureWorks was founded in 1999 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 38
Sector (Information Technology) 2 of 12
Type (Add-on Acquisition) 2 of 23
State (South Carolina) 1 of 2
Country (United States) 4 of 36
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 AHP Billing Services

Falmouth, Maine, United States

AHP Billing Services, Inc. (Formerly Anodyne Health Partners) as founded in 2003 by several Per-Se Technologies executives (Per Se Technologies is now a division of McKesson Corporation). Anodyne Health provided both revenue cycle management, and a business intelligence tool that visualizes billing data.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-27 Anodyne Health Partners

Alpharetta, Georgia, United States

Anodyne delivers technology enabled Revenue Cycle Management solutions to the healthcare provider market. The company provides a patent-pending set of business intelligence software tools and outsourced billing services to medium size hospitals and small and medium physician groups.

Buy -
Mergr

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