Thoma Bravo makes offer to acquire Sophos

By Brittany Hill

US private equity firm Thoma Bravo has made UK cybersecurity firm Sophos an offer to acquire the business for US$7.40 per share.

Sophos board of director have agreed to unanimously recommend the US$3.9bn – enterprise value – offer to the company’s shareholders.

Thoma Bravo is a leading private equity firm that focuses on software and technology service sectors that have more than US$35bn in investor commitments. Thoma Bravo has acquired over 200 software and technology companies that represent over US$50bn in value. The company is best known for working with companies to implement best practices, invest in growth, drive innovation and deliver superior operating results.


“Today marks an exciting milestone in the ongoing journey of Sophos,” commented Kris Hagerman, CEO, Sophos. “Sophos is actively driving the transition in next-generation cybersecurity solutions, leveraging advanced capabilities in cloud, machine learning, APIs, automation, managed threat response, and more. We continue to execute a highly-effective and differentiated strategy, and we see this offer as a compelling validation of Sophos, its position in the industry and its progress.”

Founded in 1985, Sophos is a global leader in network and end-user security. Sophos operates in over 150 countries with nearly 400,000 customers, providing cloud-native and AI-enhanced solutions to secure endpoints and networks against evolving cybercriminals.

Did you know? Sophos was named for eleven consecutive reports, a Leader for endpoint protection platforms in the Gartner Magic Quadrant (2019).

For more information on business topics in the United States, please take a look at the latest edition of Business Chief USA.

Follow Business Chief on LinkedIn and Twitter.


Featured Articles

Broadridge study reveals huge impact of AI on C-suite

Broadridge Financial Solutions spoke to 500 C-suite executives from across the globe, many of whom said AI was significantly changing the way they work

PwC's Kathryn Kaminsky – the role of boards on social issues

As Vice Chair Trust Solutions Co-Leader at PwC, Kathryn Kaminsky says boards play an important role in helping businesses take action on social issues

Why your business needs a Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 top AI and ML trends for the enterprise in 2023 – Dataiku

Technology & AI

From NYC to Hong Kong, the rise of the private members' club

Leadership & Strategy

Meet the CEO: Jill Stelfox of Panzura, exclusive interview

Leadership & Strategy