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Sophos buyout complete

by on02 March 2020

British AV outfit snapped up by Americans 

UK AV outfit Sophos has been bought by equity firm Thoma Bravo in a cash transaction that values Sophos at approximately $3.9 billion.

The acquisition offer was announced on 14 October 2019 and Sophos stockholders receive $7.40 per share. The price per share represents a 168 percent premium to its IPO share price in June 2015. Stockholders voted to approve the transaction on 3 December 2019. With the completion of the acquisition, Sophos’ common stock has ceased trading on the London Stock Exchange.

Sophos CEO Kris Hagerman said: “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.”

"Our transition to become a fully next-gen cybersecurity leader continues to rapidly progress. Last quarter, our next-gen product portfolio represented over 60 per cent of our business, and grew 44 percent  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 has been a member of the UK software world as long as I have. It was founded in Oxfordshire in 1985, claims 100 million customers around the world, 370,000 businesses and over 47,000 channel partners. Although best known as an endpoint security provider, it also offers network and cloud products and managed services.


Last modified on 02 March 2020
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