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.
And SAN FRANCISCO— Sophos, a global leader in next-generation cybersecurity, today announced the completion of its acquisition by Thoma Bravo, a leading private equity firm focused on the software and technology-enabled services sectors, in a cash transaction that values Sophos at approximately $3.9 billion. Jun 04, 2020 Thoma Bravo owns, among other things, shareholdings in McAfee, Symantec and Barracuda Networks. In February the buyout was temporarily derailed, by, of all things, Sophos' cycle-to-work loan scheme. ® Updated to add. Oct 14, 2019 Thoma Bravo has acquired more than 200 software and technology companies during its 40-year history. It said the existing Sophos management and employees would be key to the business’s success.
With the full support and experience of Thoma Bravo behind us, we believe we can accelerate the next-gen transition we already have well underway, and get to the future even faster, enabling us to deliver enhanced cybersecurity solutions for our customers, and dramatic new business opportunities for our channel partners.
This is a historic milestone in the ongoing journey of Sophos and a springboard to our next phase of growth and success. I’m tremendously excited about the opportunities ahead. Watch this space!
| Type | Private |
|---|---|
| Industry | Computer software |
| Founded | 1985; 36 years ago |
| Founder | |
| Headquarters | Abingdon, England |
Key people | |
| Products | Security software |
| Services | Computer security |
| Revenue | $640.7 million (2018)[1] |
| US$46.9 million (2018)[1] | |
| US$66.3 million (2018)[1] | |
| Owner | Thoma Bravo |
Number of employees | 3,319 (2018)[1] |
| Website | sophos.com |
Sophos Group plc is a British security software and hardware company. Sophos develops products for communication endpoint, encryption, network security, email security, mobile security and unified threat management. Sophos is primarily focused on providing security software to 100- to 5,000-seat organizations. While not a primary focus, Sophos also protects home users, through free and paid antivirus solutions (Sophos Home/Home Premium) intended to demonstrate product functionality. It was listed on the London Stock Exchange until it was acquired by Thoma Bravo in February 2020.
History[edit]
Sophos was founded by Jan Hruska and Peter Lammer and began producing its first antivirus and encryption products in 1985.[2] During the late 1980s and into the 1990s, Sophos primarily developed and sold a range of security technologies in the UK, including encryption tools available for most users (private or business). In the late 1990s, Sophos concentrated its efforts on the development and sale of antivirus technology, and embarked on a program of international expansion.[3]
In 2003, Sophos acquired ActiveState, a North American software company that developed anti-spam software. At that time viruses were being spread primarily through email spam and this allowed Sophos to produce a combined anti-spam and antivirus solution.[4] In 2006, Peter Gyenes and Steve Munford were named chairman and CEO of Sophos, respectively. Jan Hruska and Peter Lammer remain as members of the board of directors.[5] In 2010, the majority interest of Sophos was sold to Apax.[6] In 2010, Nick Bray, formerly Group CFO at Micro Focus International, was named CFO of Sophos.[7] Backup software for mac.
In 2011, Utimaco Safeware AG (acquired by Sophos in 2008–9) were accused of supplying data monitoring and tracking software to partners that have sold to governments such as Syria: Sophos issued a statement of apology and confirmed that they had suspended their relationship with the partners in question and launched an investigation.[8][9] In 2012, Kris Hagerman, formerly CEO at Corel Corporation, was named CEO of Sophos and joined the company's board. Former CEO Steve Munford became non-executive chairman of the board.[10] In February 2014, Sophos announced that it had acquired Cyberoam Technologies, a provider of network security products.[11] In June 2015, Sophos announced plans to raise $US100 million on the London Stock Exchange.[12] Sophos was floated on the FTSE in September 2015.[13]
On 14 October 2019 Sophos announced that Thoma Bravo, a US-based private equity firm, made an offer to acquire Sophos for US$7.40 per share, representing an enterprise value of approximately $3.9 billion. The board of directors of Sophos stated their intention to unanimously recommend the offer to the company's shareholders.[14] On 2 March 2020 Sophos announced the completion of the acquisition.[15]
Thoma Bravo Sophos
Acquisitions and partnerships[edit]
From September 2003 to February 2006, Sophos served as the parent company of ActiveState, a developer of programming tools for dynamic programming languages: in February 2006, ActiveState became an independent company when it was sold to Vancouver-based venture capitalist firm Pender Financial.[16] In 2007, Sophos acquired ENDFORCE, a company based in Ohio, United States, which developed and sold security policy compliance and Network Access Control (NAC) software.[17][18] In November 2016, Sophos acquired Barricade, a pioneering start-up with a powerful behavior-based analytics engine built on machine learning techniques,[19] to strengthen synchronized security capabilities and next-generation network and endpoint protection. In February 2017, Sophos acquired Invincea, a software company that provides malware threat detection, prevention, and pre-breach forensic intelligence.[20][21][22]
In March 2020, Thoma Bravo acquired Sophos for $3.9 billion.[23]
See also[edit]
Thoma Bravo / Sophos Deal
References[edit]
- ^ abcd'Annual Report 2018'(PDF). Sophos. Retrieved 20 March 2019.
- ^'Sophos: the early years'. Naked Security.
- ^'Exterminator Tools'. Windows IT Pro. 15 November 1999. Retrieved 24 April 2017.
- ^'Sophos acquires anti-spam specialist ActiveState'. www.sophos.com. Retrieved 3 January 2016.
- ^'Sophos Management Team | Global Leaders in IT Security'. sophos.com.
- ^'Apax Partners to acquire majority stake in Sophos'.
- ^'Board of Directors'.
- ^'The Bureau Investigates article'. Archived from the original on 4 December 2011.
- ^'Statement from Sophos on Recent Media Reports'.
- ^'Sophos Board of Directors webpage'.
- ^'Sophos Acquires Cyberoam to Boost Layered Defense Portfolio'. Infosecurity Magazine.
- ^'Sophos Plans $100 Million London IPO'.
- ^'Sophos joins the UK's top public companies in the FTSE 250'.
- ^'Sophos founders exit before Thoma Bravo sale'. Global Capital. 5 December 2019. Retrieved 25 February 2020.
- ^'Sophos opens new chapter with take-private acquisition'.
- ^'ActiveState Acquired by Employees and Pender Financial Group; Company Renews Focus on Tools and Solutions for Dynamic Languages'. Business Wire. 22 February 2006. Retrieved 24 April 2017.
- ^'Sophos buys Endforce for network access control'. Network World. 11 January 2007. Retrieved 24 April 2017.
- ^Wauters, Robin. 'Sophos beefs up on online security, acquires Dutch security software firm SurfRight for $31.8 million'. Retrieved 2 August 2016.
- ^https://www.sophos.com/en-us/press-office/press-releases/2016/11/sophos-acquires-security-analytics-start-up-in-ireland.aspx
- ^'Sophos Adds Advanced Machine Learning to Its Next-Generation Endpoint Protection Portfolio with Acquisition of Invincea'. Sophos. 8 February 2017. Retrieved 11 February 2017.
- ^'Sophos grows anti-malware ensemble with Invincea'. Sophos. 8 February 2017. Retrieved 11 February 2017.
One may ask, if you already have great next-generation technology, why do you need Invincea’s technology?..Think of Invincea as the superhero that takes our ensemble to the next level – the entity that adds neural network-based machine learning to the team.
- ^'Sophos to Acquire Invincea to Add Industry Leading Machine Learning to its Next Generation Endpoint Protection Portfolio'. Invincea. 8 February 2017. Retrieved 11 February 2017.
- ^'Thoma Bravo completes $3.9B Sophos acquisition'. TechCrunch. Retrieved 7 April 2020.
External links[edit]
Thoma Bravo Sophos Acquisition
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