Dell CEO Michael Dell and Silver Lake managing partner Egon Durban would serve on the company’s board of directors.
Dell’s cybersecurity business unit SecureWorks is planning an initial public offering.
The Atlanta, GA.-based company said it would trade on NASDAQ under the stock ticker SCWX, according to a regulatory filing on Thursday. SecureWorks did not disclose the price of its shares or the number available.
It said it plans to raise $100 million from the stock sale, but that amount was likely just a placeholder.
Denali Holding Inc., the parent company of Dell, will maintain a large stake in SecureWorks, thus making it a “controlled company” under NASDAQ marketplace rules, the filing said. Dell’s Chairman and CEO Michael Dell, and Silver Lake managing partner Egon Durban will serve on the company’s board of directors.
The IPO filing follows Dell’s recently announced plans to acquire business technology giant EMC for nearly $67 billion. The deal is intended to make Dell more competitive in corporate technology against giants like Hewlett-Packard Enterprise and Oracle as well as specialists in cloud computing like Amazon and Microsoft.
EMC controls six independent businesses under a so-called federation model, including data storage company EMC II and data center software company VMware VMW . It also owns the security company, RSA Security, which competes with SecureWorks.
SecureWorks brought in $88 million in sales in a three-month period in the company’s third quarter, which is a 32% increase from the $67 million it brought in the previous year during the same period.
The company had a net loss of $18.5 million for the three-month period in the third quarter, which was a 111% increase from the $8.8 million in recorded in the previous year.
Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, JPMorgan, Barclays Capital, and Citigroup Global Markets are among the several underwriters for SecureWorks’s IPO. Bank of America is SecureWorks biggest customer, accounting for 12% of the company’s revenue in 2015, according to the filing.
Subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.
For about Dell, check out the following Fortune video: