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

Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
Chancellor Rishi Sunak pledges £100bn to transform UK’s infrastructure
By Akshay Kedari

As per the statement of chancellor Rishi Sunak, Britain’s first nationwide infrastructure plan would provide a “once in a lifetime investment” of approximately £100 billion to drive the nation’s recovery from the COVID-1...

Telus Communications selects Nokia to deliver 5G services in Canada
Telus Communications selects Nokia to deliver 5G services in Canada
By Akshay Kedari

According to reliable sources, Nokia Corporation has reportedly been selected by Canada-based Telus Communications Inc. to provide 5G services in Canada. The Finnish multinational technology giant will reportedly support the Canadian mobile service o...

TBI, Oracle to jointly launch cloud-based vaccine management system
TBI, Oracle to jointly launch cloud-based vaccine management system
By Akshay Kedari

Tony Blair Institute (TBI) and Oracle have recently introduced cloud technology to Africa for effective management of public health programs in the region. As per credible sources, initially, Ghana, Sierra Leone and Rwanda will use the new Oracl...

Minerva Bunkering unveils ADP for better clarity in bunker deliveries
Minerva Bunkering unveils ADP for better clarity in bunker deliveries
By Akshay Kedari

Swiss supplier of marine fuels Minerva Bunkering has reportedly introduced an innovative solution called Advanced Delivery Platform (ADP) in a bid to increase efficiency and transparency during bunkering operations. According to reliable sources, Min...

TestGorilla secures $1.2M in CapitalT-led pre-Series A funding round
TestGorilla secures $1.2M in CapitalT-led pre-Series A funding round
By Akshay Kedari

In a pre-Series A funding initiative led by a consortium of international angel investors and CapitalT, pre-employment testing software player, TestGorilla, has reportedly secured an amount of USD 1.2 million. This announcement comes amid TestGorilla...