Security solutions providers Sophos and Secureworks announced an agreement for Sophos to acquire Secureworks in an all-cash transaction valued at approximately $859 million. Sophos is backed by Thoma Bravo, a software investment firm.
Sophos’ experience and reputation as a managed security services and end-to-end security products company – paired with Secureworks’ security operations expertise transformed into the Taegis platform – is expected to further deliver complementary, advanced MDR and XDR solutions for a global customer base. Together, they will help strengthen the resilience and security posture of organizations of any size, offering security controls, AI, threat intelligence and two teams dedicated to cybersecurity expertise.
Sophos expects to integrate solutions from both companies into a stronger, broader security portfolio, benefiting small, mid-sized and enterprise customers. This includes Sophos expanding its current portfolio with other new offerings such as identity detection and response (ITDR), next-gen SIEM capabilities, operational technology (OT) security and enhanced vulnerability risk prioritization.
As partner-centric organizations, the combination will also 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.”
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 organizations 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.”
