Sophos has accomplished its $859 million acquisition of managed cyber safety providers supplier Secureworks in an all-cash transaction. It now claims to be the “main pure-play” supplier of Managed Detection and Response Companies, supporting greater than 28,000 international organisations.
Secureworks is an Atlanta, U.S.-based cybersecurity firm that focuses on menace detection, response, and managed safety providers. Its acquisition will construct out Sophos’ safety operations platform for mitigating cyber assaults.
“The open and scalable platform helps organizations, particularly these with numerous IT estates, safeguard present and future expertise investments, offering larger operational efficiencies and return on cybersecurity spend,” Sophos said in a press release about the Secureworks acquisition.
Moreover, Sophos X-Ops, its menace intelligence unit, is increasing its capabilities with the addition of Secureworks’ Counter Menace Unit and safety operations and advisory groups.
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“With the combination of Secureworks, our expanded providers and product portfolio will present even stronger end-to-end safety options that may embody identification menace detection and response (ITDR), next-gen SIEM and managed danger, all in a single open platform,” mentioned Sophos CEO Joe Levy, within the launch.
“We may even be capable of additional advance our AI, menace intelligence and assault analysis by extra numerous and deeper international telemetry that’s analyst-tuned for the real-world. At each degree, we’re very enthusiastic about this subsequent accelerated chapter for Sophos.”
Secureworks was acquired by Dell in 2011 for $612 million. Previous to this acquisition, it owned 79.2% of the corporate, however has been trying to sell up for numerous years. Secureworks has reportedly struggled to distinguish from different giant cyber safety suppliers, resulting in a lack of share worth.
In the meantime, U.Ok.-based Sophos posted turnover of £644 million in March 2024, marking 5.4% progress, and noticed earnings double from £100.1 to £183.2. Levy mentioned that Sophos has managed to keep up dominance in MDR, partially, due to its “native synthetic intelligence” that it first developed almost a decade in the past. He additionally cited its “mature competencies in ransomware detection, malware evaluation and menace actor tradecraft.”
Dell and different Secureworks shareholders will obtain $8.50 per share in money within the acquisition, which was originally announced last October. For now, each corporations will proceed to function individually, supporting current purchasers and creating their very own new enterprise alternatives.
Cyber assaults have gotten an more and more major problem for companies because of the rising sophistication of hackers that are actually augmented by AI, widespread digitization, and the rising worth of delicate information. Consequently, cyber safety corporations are in nice demand, and are competing to offer essentially the most complete providing.
SEE: 99% of UK Companies Confronted Cyber Assaults within the Final Yr
In 2024, Cisco acquired Splunk, an information analytics and safety platform, for $28 billion, whereas Mastercard acquired threat intelligence company Recorded Future for $2.65 billion. U.S. non-public fairness agency Thoma Bravo bought AI security firm Darktrace for $5.3 billion, after acquiring Sophos in 2020 for $3.9 billion.
To this point this 12 months, 1Password, Tenable, WatchGuard, and Darktrace have all introduced acquisitions to increase their safety choices.