The UK-based cybersecurity connoisseur Sophos has been made an offer it probably won’t refuse. Thoma Bravo, a private equity firm, has offered to buy out Sophos for a sum of $3.9 billion at $7.40 per share.
Sophos is a leader in the next-gen cybersecurity and protects over 400,000 organizations in more than 150 countries. The company distributes its products and services through a channel of over 47,000 partners and MSPs.
Sophos in its announcement has said that their board of directors has reacted positively to the development.
Kris Hagerman, CEO of Sophos said: “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.”
Thoma Bravo in its 40-year history has acquired 200 software and technology companies which represent over $50 billion in value. The firm has been focusing its efforts in the cybersecurity space. The company has Goldman Sachs as the advisor for the deal while JP Morgan Cazenove, UBS AG London Branch, and Lazard are advising Sophos.
India’s ShareChat, valued at close to $3 billion, raises $145 million
Tencent acquires UK game developer Sumo in a deal worth $1.27 billion
Reliance Jio plans to make 5G Affordable for India
Nintendo plans to launch its upgraded Switch with OLED in September
Paytm aims to make India’s largest IPO debut valued at $3 Billion
© 2021 CIO Bulletin. All rights reserved.