Sophos Group announces a $3.9Bn acquisition bid from Thoma Bravo
By Akshay Kedari  Date: 2019-10-16

Sophos Group announces a $3.9Bn acquisition bid from Thoma Bravo

With growing cases of cyberattacks and hackings, the need for an effective cybersecurity application is imminent. Advancements in digitalization has indeed maximized the chances of cyberattacks. In order to tackle such rising cases, software companies are constantly rolling out new and updated security applications.

Companies in some cases are also expanding their horizon by means of acquiring other businesses that offer a better potential for strengthening their cybersecurity offerings. Sophos Group, a global provider of next-generation cybersecurity, has recently received such an offer from Thoma Bravo, an American private equity firm.

According to reliable sources, Thoma Bravo has offered to acquire Sophos for US$7.40 per share, valuing the deal at around US$3.9 billion. Sophos’ board of directors has also declared their plea to unanimously recommend the proposal to their firm’s shareholders.

For the uninitiated, Thoma Bravo is one of the prominent private equity firms that is dedicated towards software and services sector with more than 200 technology and software firms being acquired by the company that representing over $50 billion in value.

Moreover, Thoma Bravo is also known as one of the highly experienced and active private equity firms which is currently investing in technology and software companies, especially in cybersecurity.

Speaking on the move, Kris Hagerman, CEO, Sophos, said that the company is the front runner in driving innovative cybersecurity solutions and leveraging innovative abilities in machine learning, cloud, automation, APIs, managed threat response and more.

Adding further, Hagerman said that their company will maintain the execution of differentiated and highly effective strategy. Moreover, the company sees this deal as a compelling validation of Sophos along with its progress and position in the industry.

Incidentally, Sophos has also recently made some developments in cybersecurity platforms when it revealed that its Managed Threat Response (MTR), a fully managed threat detection, response and hunting service will now be accessible.

For the record, the service will offer organizations a committed 24/7 security team which would neutralize some of the most highly complex and sophisticated threats.

Source Credit: https://www.sophos.com/en-us/press-office/press-releases/2019/10/thoma-bravo-makes-offer-to-acquire-sophos.aspx

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

British officials advise limited role to Huawei in U.K. 5G network
British officials advise limited role to Huawei in U.K. 5G network
By Akshay Kedari

British officials have formally granted Huawei a limited role in the future 5G network of the U.K., dismissing the U.S. calls to completely ban Huawei. The U.S. had earlier accused the company of spying on behalf of the Chinese government.  Off...

Boom and Flight Research to bring XB-1 test flights to Mojave Corridor
Boom and Flight Research to bring XB-1 test flights to Mojave Corridor
By Akshay Kedari

Boom Supersonic, a Colorado based startup that is designing the fastest supersonic airliner in history, has reportedly announced a new strategic partnership deal with Flight Research, Inc., a leading provider of training, services and support activit...

DTM™ spinal cord stimulation shows superior back pain relief in RCT
DTM™ spinal cord stimulation shows superior back pain relief in RCT
By Akshay Kedari

Medtronic plc, a Dublin-based medical technology, services, and solutions company, has reportedly announced three-month results from a large, multicenter RCT (randomized controlled trial) demonstrating statistically meaningful (p=0.0009) and improved...

Mercury Systems, Intel bring in new flight safety-certifiable modules
Mercury Systems, Intel bring in new flight safety-certifiable modules
By Akshay Kedari

Mercury Systems Inc., one of the leading aerospace and defense companies, has recently introduced the first-ever commercially-available compute module, EnsembleSeries™ CIOE-1390 module, embedded with its BuiltSAFE™ technology and Intel&re...

Samsung to pour in $500 million for a new manufacturing unit in India
Samsung to pour in $500 million for a new manufacturing unit in India
By Akshay Kedari

One of the leading smartphone brands, Samsung Electronics is planning to invest $500 million in its Indian business by building a display manufacturing unit in the outskirts of New Delhi. Along with making displays, the new facility would work on man...