Sophos has announced a definitive agreement to acquire Secureworks.
The all-cash transaction is valued at approximately $859 million. Sophos is backed by Thoma Bravo, a software investment firm.
Sophos’ experience and reputation for providing managed security services and end-to-end security products, combined with Secureworks’ security operations expertise, is expected to further deliver complementary advanced MDR and XDR solutions. Together, they will help strengthen customers’ resilience and security with a combination of security controls, AI, world-class threat intelligence, and two teams with decades of cybersecurity expertise.
Sophos expects to integrate solutions from both companies into a broader and stronger security portfolio benefiting small, mid- and enterprise customers. This includes Sophos expanding its current portfolio with other new offerings such as identity detection and response, next-gen SIEM capabilities, operational technology security and enhanced vulnerability risk prioritisation. As two partner-centric organisations, the combination of Sophos and Secureworks will enable the combined company to expand its market presence to create greater value within the Channel and strengthen the overall security community.
“Secureworks offers an innovative, market-leading solution with their Taegis XDR platform. Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organizations of all sizes globally,” said Joe Levy, CEO of Sophos. “Secureworks’ renowned expertise in cybersecurity perfectly aligns with our mission to protect businesses from cybercrime by delivering powerful and intuitive products and services. This acquisition represents a significant step forward in our commitment to building a safer digital future for all.”
Cyber risk continues to escalate, driven by a rampant cybercriminal ecosystem and global geopolitical pressures. Combined, Sophos and Secureworks share a long history of having exceptional threat intelligence, security operations, incident response and innovative security product capabilities.
“Our mission at Secureworks has always been to secure human progress. Sophos’ portfolio of leading endpoint, cloud, and network security solutions – in combination with our XDR-powered managed detection and response – is exactly what organisations are looking for to strengthen their security posture and collectively turn the tide against the adversary,” said Wendy Thomas, CEO, Secureworks. “As Joe and I both believe, this transaction will strengthen our go-to-market offering with Sophos’ global scale, expertise and reputation.”