Thomas Bravo Sophos
14, 2019 – Sophos, a global leader in cloud-enabled next-generation cybersecurity, today announced that Thoma Bravo, a US-based private equity firm, has made an offer to acquire Sophos (LSE: SOPHOS) for $7.40 USD per share, representing an enterprise value of approximately $3.9 billion. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support. (Reuters) - U.S. Private equity firm Thoma Bravo is adding Sophos Group SOPH.L to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus.
[German]UK security vendor Sophos has been (finally) acquired by US private equity investor group Thomas Bravo for the price of $3.9 billion. That has been announced recently.
Information about these plans became public in October 2019 (see my German blog post Sophos wird an Investment-Firma Thoma Bravo verkauft). Now I think that’s done, as I read yesterday on my news aggregators, which I use as sources. The announcement from Sophos can be found here.
Thomas Bravo Acquires Sophos
Today, following the completion of the take-private acquisition by Thoma Bravo, Sophos begins an exciting new chapter of continued growth, success, and industry leadership. As a private company, Sophos intends to further accelerate our mission to protect people from cybercrime by developing powerful and intuitive products and services that provide the world’s most effective cybersecurity for organizations of any size.
We’re starting strong: our next-gen product portfolio, all managed in our Sophos Central cloud-management platform, now comprises over 60% of our total company billings and is growing 44% year-over-year (YOY).
Just last month we launched our most significant network security technology ever, Sophos XG Firewall v18 with the Xstream Architecture. We are seeing substantial growth not only in network security, but across our entire next-gen product line from endpoint and server security, to mobile, email, and cloud security. Our new Managed Threat Response (MTR) service launched last October has seen rapid adoption, and now protects hundreds of customers around the world with advanced, 24×7 threat detection and response.
On the go-to-market front, our channel has never been stronger, and we continue to post dramatic results in our Managed Service Provider (MSP) business, which is a strategic priority and is growing at over 75% YOY. Sophos continues to drive market-leading innovation, and we are filling the cybersecurity void left by fading, less-nimble, and less-evolved vendors.
Sophos Stock
Sophos is now moving towards the cloud, also with the help of Thoma Bravo. But I’m wondering what Thoma Bravo has in stock with Sophos. I just remind my yesterday article Symantec acquisition by Broadcom ends in license/support chaos. Any opinions on the Sophos takeover?
Thomas Bravo Sophos
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