Sophos appoints Nick Bray as CFO

July 27, 2010 Sophos Press Release

Nick Bray
Nick Bray joins Sophos.

IT security and data protection firm Sophos announced the appointment of Nick Bray to the role of chief financial officer. Bray is joining Sophos from Micro Focus plc (Global $1.70bn FSTE 200 Company), where he has been their Group CFO for the past four years. Based in our UK headquarters near Oxford, Bray will be reporting directly into Sophos CEO Steve Munford.

Bray brings a wealth of expertise to Sophos, having worked in the technology sector for 16 years, spent 11 years as a plc board member, and successfully completed eight company acquisitions. Having extensive experience with analysts, investors brokers, bankers and advisors in both the US and UK, Bray will join Sophos's senior management team and help to hone the strategy and systems to support the company's next phase of growth.

At Micro Focus International plc, Bray spent four years as a member of the management team that increased revenues threefold and profits fivefold, which resulted in an eightfold increase in market value to $1.7bn. He also successfully led the arrangement of a debt facility of $225m to fund two Micro Focus International plc acquisitions. Previously, Bray held Group CFO roles at Fibernet Group plc and Gentia Software plc, as well as senior financial positions at Comshare Inc and Lotus Software.

"Sophos has prospered operationally and financially over the past three years, growing our revenues at a 27% cumulative annual growth rate and generating strong cash flow," said Steve Munford, CEO of Sophos. "As the market continues its migration from point solution to tailored, unified security suites, Sophos's strategy to offer the world's most resilient, cost-effective solutions without any additional complexity remains key. Nick is an excellent addition to our Senior Management Team. His experience and record for success give us additional firepower as we storm ahead."

"Sophos has an impressive market position in the strategically critical domain of computer security and data protection," said Bray. "Sophos's strong vision, company culture and impressive technology offerings puts the company in an ideal position to expand its impact in the global security software market."

Bray will be taking his position at Sophos in late August 2010.