Thoma Bravo makes offer to acquire Sophos
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.
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“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).
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