Sophos Completes Secureworks Acquisition
Deal News | Feb 05, 2025 | Zawya
Sophos, a prominent player in the cybersecurity industry, has completed its acquisition of Secureworks in an all-cash transaction valued at approximately $859 million. The acquisition positions Sophos as a leading provider of Managed Detection and Response (MDR) services worldwide, enhancing its cybersecurity capabilities with Secureworks’ expertise and technology. This strategic move allows Sophos to deliver an advanced security operations platform with extensive integrations for adaptive protection, detection, and response. Supported by Thoma Bravo, a significant software investment firm, Sophos aims to expand its global reach and strengthen defenses against cyber threats. Secureworks’ advanced capabilities in threat intelligence and counter-threat measures will be integral to Sophos' offerings. With this acquisition, Sophos plans to evolve its AI-driven threat intelligence and security services further, providing comprehensive security solutions for their vast client base. Various legal and financial advisors, including Kirkland & Ellis LLP and Goldman Sachs & Co. LLC, facilitated the transaction.
Sectors
- Cybersecurity
- Private Equity
Geography
- United Arab Emirates – The press release originates from Dubai, United Arab Emirates, indicating regional interest or involvement in the transaction.
- United States – Secureworks is a U.S.-based company, previously trading on NASDAQ under the symbol SCWX, and is a significant player in the cybersecurity industry.
- United Kingdom – Sophos is headquartered in Oxford, U.K., highlighting the geographic base of the acquiring company.
Industry
- Cybersecurity – The acquisition involves two companies within the cybersecurity sector, focusing on enhancing and integrating cybersecurity solutions to combat cyber threats.
- Private Equity – Sophos, the acquiring company, is backed by Thoma Bravo, a prominent private equity firm, which plays a crucial role in strategic acquisitions within the cybersecurity industry.
Financials
- 859 million USD – Total value of the all-cash transaction for the acquisition of Secureworks by Sophos.
- 8.50 USD per share – The purchase price per share offered to Secureworks shareholders, representing a 28% premium.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sophos | Acquiring Company | Company | A global leader in cybersecurity solutions, providing advanced security against cyber threats. |
| Secureworks | Target Company | Company | A cybersecurity firm specializing in threat intelligence and MDR services. |
| Thoma Bravo | Private Equity Firm | Company | A leading software investment firm backing Sophos. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal counsel to Sophos during the acquisition. |
| Goldman Sachs & Co. LLC | Financial Advisor | Company | Acted as a financial advisor and provided debt financing to Sophos. |
| Dell Technologies | Shareholder | Company | A stakeholder in Secureworks, receiving $8.50 per share in cash from the acquisition. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Provided legal counsel to Secureworks for the transaction. |