aum Posted March 3, 2020 Share Posted March 3, 2020 Cybersecurity company Sophos today announced it has been acquired in a cash transaction valuing the company at US$3.9 billion. The acquirer, Thoma Bravo, is a private equity firm focused on the software and technology-enabled services sectors. 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. Along with the announcement, Thoma Bravo also released financial data updated as of the acquisition. In a 168% premium to its IPO share price in June 2015, Sophos stockholders now receive $7.40 per share. “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,” says Sophos chief executive officer Kris Hagerman. “Our transition to becoming 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," says Hagerman. “And very recently, we launched 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 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 organisations and 100 million users from the most advanced cyber threats, according to the company. “Sophos has been raising the bar with its synchronised security, deep learning technology and growth within the MSP channel,” says Thoma Bravo managing partner Seth Boro. “We are excited to partner with Sophos to help build upon their success as they further drive innovation in cybersecurity.” The announcement comes just a month after Sophos announced the launch of its mobile security app Intercept X. The security software for mobile was launched after the company published research finding some applications were affected by Fleeceware, a malicious software whereby applications covertly overcharge unsuspecting App Store or Google Play customers. Sophos found, in research published in September last year, that Fleeceware remains a problem with more than twenty newly discovered applications with nearly 600 million alleged installations. “Fleeceware and other unscrupulous app developers are walking a fine line to avoid breaking hard and fast app store rules. This sneaky behaviour is unethical, but not illegal,” says Sophos chief product officer Dan Schiappa. Source Link to comment Share on other sites More sharing options...
xkryptonx Posted March 3, 2020 Share Posted March 3, 2020 Always stick to Bitdefender, and Kapersky for high-end devices. And nod32 for low-end device. Never had to worry about another organizations acquiring them as they way too profitable for their own good. Sophos too is successful. But not as near as Kaspersky and Bitdefender. Stick to those giants and you will never have to worry about anything. And stay away from Norton. Despite being dubbed by US as spyware, i would still use Kaspersky for my peace-of-mind. Never disappointed me with Performance an Protection wise. I have seen technician always recommending me Kaspersky. Link to comment Share on other sites More sharing options...
cyberloner Posted March 3, 2020 Share Posted March 3, 2020 Kaspersky catch a lot keygen last time... now i don't know.... ESET better for me Link to comment Share on other sites More sharing options...
xkryptonx Posted March 3, 2020 Share Posted March 3, 2020 @cyberloner Maybe you have problem with those KeyGens. From my experience, Kaspersky has the lowest rate of false positive if you compare it to ESET and Bitdefender. I have upgraded from KIS 2019 to 2020 version like three months ago. Do not have an issue so far. I haven been a user since 2005 version. I have tested all the three products. Bitdefender is the most aggressive of the three even when the Heuristic mode is turned off. But it gives unmatched protection. Though it has a high rate of False-Positives. I have seen Eset being agressive for no apparent reason, And the real winner is Kaspersky. Though it is a wee bit inferior in protection as compared to Bitdefender. But at the end of the day, it is Kaspersky that is the winner for being optimistic Link to comment Share on other sites More sharing options...
duddy Posted March 5, 2020 Share Posted March 5, 2020 Thoma Bravo buys anti-malware firm Sophos for $3.9 billion Thoma Bravo has completed its acquisition of the cybersecurity firm Sophos. The acquisition sees Thoma Bravo pay $3.9 billion as a cash transaction. Negotiations between the two companies have been on-going since October 14, 2019, when the acquisition offer was first announced. The private equity firm will pay Sophos stockholders $7.40 per share under the agreement which represents a 168% premium on its IPO share price in June 2015. With the news, Sophos’ common stock is no longer being traded on the London Stock Exchange. According to Thoma Bravo, Sophos’ stockholders voted to approve the deal on December 3, 2019. Commenting on the deal, Kris Hagerman, CEO at Sophos, 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% 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.” With the completion of the acquisition, Sophos joins Thoma Bravo's growing list of security company acquisitions. One household name on that list is the popular anti-virus software maker, McAfee. Going forward, it’s unclear what plans Thoma Bravo has in store for Sophos and its employees. Hopefully, not much will change for Sophos’ 100 million users who rely on the firm’s products to mitigate cyber threats nor those who are employed by the firm. Source Link to comment Share on other sites More sharing options...
Karlston Posted March 5, 2020 Share Posted March 5, 2020 Similar topics merged. (Search for "sophos" would have found this existing topic) Link to comment Share on other sites More sharing options...
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