CEO Michael R.

Cote stated that during the company's Q4 financial call for 2021 sales on 11March 2021,
Secureworks would use MSP and MSSP collaborations to turn enterprise into cloud-based, automatic cybersecurity
services and related recurring annual revenues (ARR).

Secureworks is a cloud-driven computing platform operated by Dell Technologies and bets the company MSSP on
Taegis. The security framework brings together the analytics and XDR (eXtended detection and response) capacity
to replace conventional SIEM options, Cote said.

For the fiscal year ended January 2021, Secureworks Taegis reported a revenue of $32.1 million. Of course, Taegis
only accounted for about 6% of the total sales of the organization by 561 million dollars. The cloud-based
computing infrastructure is already a relatively small one.

Aligning MSP and MSSP Partners With Taegis Revenue Opportunities

Securework estimates that by the end of January 2022, Taegis' total annual turnover will reach $150 million, and
by that time, it will reach at least $90 million to $100 million in total annual revenues, it said. The company.

Moreover, MSSPs have access to Taegis market prospects through a new MSSP track under Secureworks Global
Partner Programme. "Our income perspective represents our change to the services provided by our partners as
we extend our MSSP programme," said CFO Paul Parrish.

Secureworks plans in the next three to five years, Parrish added:

Scale the channel market down to 50% of the revenue mix and change the profit margins to half the 1970s as a
result of the improved sales of apps. Size 100% of ARR and 90% of revenues on the Taegis Network.

Close to 400 firms now use Taegis to analyze security, added Cote. In addition, in the past months Taegis received
new XDR capabilities in terms of threat detection and response – mostly to place the device as a "powerful SIEM
option," Secureworks said.

Secureworks MSSP Partner Program: CEO Perspectives

In February 2021, Cote told Wall Street analysts during the March 11 income call that Secureworks had initiated
the piloting of their MSSP partner scheme.

Early adopters include MSPs who aspire to become MSSPs, as well as MSPs and MSSPs who are international and
world players. According to Cote, the partner journey depends on the internal security capability of each MSP.
Cote said that the affiliate package provides training and qualifications to help Secureworks decide which MSPs
actually want to take a safe and focused market path. It covers the workflows and processes built and finalized by
MSSP over the last decade through the Secureworks Network.

Especially mid-size MSP's seem to swiftly step into the partner program when "they feel, see, and are enthusiastic
about, the worth, the increasing revenue stream."

Secureworks Channel Partners: Revenue Acceleration Opportunity

Partner drive led by Maureen Perrelli, Chief Channel Officer, offers Secureworks and partners some perks, Cote
said. His claims include:

 The organization will boost revenues in Taegis with a strong partner network.
 MSSPs benefit the software capability of Secureworks by using IP to close the gap.
 The Taegis platform and applications, best practice and training programs enable MSPs to accelerate their
safety journey.

Secureworks plans to transform its market enormously by leveraging MSSPs, distribution partners and home-
grown security software, CFO Parrish said.

Secureworks plans to transform its market enormously by leveraging MSSPs, distribution partners and home-
grown security software, CFO Parrish said.

"Our path towards an advanced SaaS network with expanding market-oriented capability is a successful future for
our shareholders including a highly recurring business models, substantial margin growth and a robust cash flow,"
said Parrish.

Questions From Wall Street- Since the corporate transformation plan of Secureworks has been well defined, Wall
Street investors remain obsessed with the costs and future financial measurement associated with the journey.

The share of Secureworks ($SCWX) declined in the hourly trading period approximately 5 percent, due to worries
over an annual loss in the current year for MSSP's R&D and product investment costs.

It is worth looking at the financial side of the picture. Secureworks is occasionally the target of speculation of
acquisition. For starters, January 2021 chattered Atos theoretically acquired from Dell Secureworks. No such
agreement has yet arisen.

MSSPs Transforming Through Software Development

Meanwhile, in its transformation activities Secureworks is not alone. In reality, some MSSPs move from
conventional monitoring of devices to home-grown applications.
Herjavec Group, an MSSP which develops IAM software that supports SOAR (security orchestration, automation
and response) from behind the scenes to simplify the safety of end-customers, is another example.

The Herjavec Group has recently partnered itself with the private equity company Apax Partners to further funding
these initiatives. In the interview in the first quarter of 2021, CEO Robert Herjavec outlined in fact the approach of
market change and acceleration.