Sophos Announces A Definitive Agreement To Acquire Secureworks In An All-Cash Transaction, Valued At ~$859M. Sophos Is Backed By Thoma Bravo; Secureworks Shareholders To Receive $8.50 Per Share In Cash

Author: Benzinga Newsdesk | October 21, 2024 08:53am

 

Secureworks shareholders to receive $8.50 per share in cash

• Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers
• By combining complementary AI-driven security platforms powered by automated prevention, detection and response, the two organizations can deliver advanced solutions for defeating modern, persistent adversaries even faster
• The deal is expected to strengthen the security community by bringing together two industry leaders with shared mission-driven cultures

OXFORD, United Kingdom and ATLANTA, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sophos and Secureworks® (NASDAQ:SCWX), two global leaders of innovative security solutions for defeating cyberattacks, today announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately $859 million. Sophos is backed by Thoma Bravo, a leading software investment firm.

Sophos' experience and reputation as a leading provider of managed security services and end-to-end security products, combined with Secureworks' security operations expertise transformed into the Taegis™ platform, is expected to further deliver complementary advanced MDR and XDR solutions for the benefit of their global customer bases. Together, they will help strengthen the resilience and security posture of global organizations of any size with a combination of security controls, AI, world-class threat intelligence, and two teams with decades of cybersecurity expertise.

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