Sophos Announces Completion of Take-Private Acquisition by Thoma Bravo

Sophos Press Release

OXFORD, U.K. and SAN FRANCISCO, Calif. – March 2, 2020 – Sophos, a global leader in next-generation cybersecurity, today announced the completion of its acquisition by Thoma Bravo, a leading private equity firm focused on the software and technology-enabled services sectors, in a cash transaction that values Sophos at approximately $3.9 billion. The acquisition offer was announced on Oct. 14, 2019.

Under the terms of the agreement, Sophos stockholders receive $7.40 USD, per share. The price per share represents a 168% premium to its IPO share price in June 2015. Stockholders voted to approve the transaction on Dec. 3, 2019. With the completion of the acquisition, Sophos’ common stock has ceased trading on the London Stock Exchange.

“Sophos is excited to work with Thoma Bravo as we begin our next chapter of growth and success, continuing in our mission to deliver the world’s most effective next-generation cybersecurity technology,” said Kris Hagerman, CEO, Sophos. “Our transition to become a fully next-gen cybersecurity leader continues to rapidly progress. Last quarter, our next-gen product portfolio represented over 60% of our entire business, and grew 44% year-over-year. And very recently, we launched our most significant network security technology ever, the Sophos XG Firewall with Xstream architecture. With Thoma Bravo as a partner, we believe we can accelerate our progress and get to the future even faster, with dramatic benefits for our customers, our partners and our company as a whole.”

Sophos partners with more than 53,000 resellers and managed service providers to protect more than 420,000 organizations and 100 million users from the most advanced cyberthreats. Its comprehensive product portfolio is easily managed through Sophos Central, a single, integrated cloud-based management platform where solutions work together for real-time information sharing and threat response with Sophos’ unique synchronized security approach. Sophos Managed Threat Response services provide an additional 24/7 security team for fully-managed threat hunting, detection and response spanning across endpoint and firewall.

“Sophos has been constantly raising the bar with its industry-leading synchronized security, advanced deep learning technology and rapid growth within the MSP channel,” said Seth Boro, a managing partner at Thoma Bravo. “We are excited to partner with Sophos to help build upon their success as they further drive innovation in cybersecurity.”

À propos de Sophos

Sophos est un leader mondial et un innovateur dans le domaine des solutions de cybersécurité avancées, qui comprend des services managés de détection et réponse (MDR) et de réponse aux incidents, ainsi qu’un vaste portefeuille de technologies de sécurité qui protègent les systèmes endpoint, les réseaux, les messageries et le Cloud contre les cyberattaques. Sophos est l’un des plus grands fournisseurs de cybersécurité et protège aujourd’hui plus de 500 000 entreprises et plus de 100 millions d’utilisateurs dans le monde contre les adversaires actifs, les ransomwares, le phishing, les malwares, etc. Les services et produits de Sophos sont connectés à travers sa console d’administration Sophos Central basée dans le Cloud et sont alimentés par Sophos X-Ops, l’unité de renseignement sur les menaces transversale de la société. L’intelligence de Sophos X-Ops optimise l’ensemble de l’écosystème de cybersécurité adaptatif (ACE) de Sophos, qui comprend un datalake centralisé exploitant un ensemble riche d’API ouvertes à destination des clients, des partenaires, des développeurs et des autres fournisseurs de cybersécurité et de technologies de l’information. Sophos fournit des services de cybersécurité aux entreprises qui ont besoin de solutions de sécurité clés en main et entièrement gérées. Les clients peuvent également gérer leur cybersécurité directement avec la plateforme d’opérations de sécurité de Sophos ou utiliser une approche hybride en complétant leurs équipes internes avec les services de Sophos, notamment la chasse aux menaces et la remédiation. Sophos vend ses produits par l’intermédiaire d’un réseau mondial de partenaires et de fournisseurs de services gérés (MSP : Managed Service Provider). Le siège de l’entreprise est basé à Oxford, au Royaume-Uni. Plus d’informations sont disponibles sur www.sophos.fr.