Sophos, a global leader in advanced cybersecurity solutions, has announced the acquisition of Secureworks, another major company in the sector, in a deal valued at $859 million. With this purchase, Sophos aims to expand and strengthen its security services offerings for businesses of all sizes, integrating the innovative platforms of both companies to address the growing cyber threats.
Under the terms of the agreement, Secureworks shareholders will receive $8.50 per share in cash, representing a 28% premium over the 90-day weighted average price. The acquisition is backed by Thoma Bravo, a prominent software investment firm that already collaborates with Sophos. The transaction is expected to be completed in early 2025, subject to customary closing conditions.
The goal of this operation is to combine the strengths of both companies in cybersecurity, enhancing the ability to prevent, detect, and automate response to cyber threats. Sophos plans to integrate Secureworks’ solutions, including its Taegis™ XDR platform, into its own portfolio, enabling companies to enjoy stronger and more advanced protection.
The synergy between Sophos and Secureworks will allow customers of both companies to access a much more comprehensive set of cybersecurity solutions. The combination of Secureworks’ artificial intelligence and advanced response technologies with Sophos’ managed security services, such as MDR (Managed Detection and Response) and XDR (Extended Detection and Response), will offer companies more powerful tools to counter modern cyber adversaries.
Joe Levy, CEO of Sophos, emphasized the importance of this acquisition: “With the addition of Secureworks, we strengthen our position in the global market and enhance our ability to protect companies from all cyber threats. Together, we will deliver exceptional outcomes for our customers worldwide.”
The impact of this operation will also be felt in the distribution channel, where both companies have strong partnerships with partners. Sophos plans to expand its market presence by offering an extended range of products and services, allowing companies to better manage their security, including new capabilities such as identity detection and response (ITDR), operational technology (OT) security, and advanced SIEM functionalities.
Wendy Thomas, CEO of Secureworks, added: “The combination of our strengths with Sophos will allow us to offer an even more comprehensive and effective range of services, helping companies improve their security posture and confront cyber threats more efficiently.”
Legal and financial advisors for the transaction include Kirkland & Ellis LLP for Sophos, while Piper Sandler & Company and Morgan Stanley & Co. LLC have acted as financial advisors for Secureworks. The transaction reflects Sophos’ strategic commitment to consolidate its position as one of the global leaders in the fight against cybercrime, with a significant investment aimed at enhancing its capabilities and expanding its customer base.
This acquisition comes at a critical time for cybersecurity, given the increasing number of threats and attacks worldwide. With the integration of Secureworks, Sophos is well positioned to continue leading the protection of companies against the growing risks of the digital environment.