Sophos officially completes the acquisition of SecureWorks, an American cybersecurity company. Under the agreement’s provisions, the acquisition of Secureworks in an all-cash transaction was valued at about $859 million. Shareholders of Secureworks, including Dell Technologies, will receive $8.50 per share in cash. This acquisition price reflects a 28% premium over the unaffected 90-day volume-weighted average price (VWAP), which shows a significant value recognition for Secureworks’ stakeholders.
Sophos is backed by Thoma Bravo, a leading software investment firm.
With the acquisition, the Secureworks’ Counter Threat Unit (CTU), renowned for intelligence about advanced persistent threats (APT) and state-sponsored attackers, will join the Sophos X-Ops advanced threat response joint task force. This expanded unit will deliver unrivaled and diverse threat intelligence, further extending our customers’ defenses through expert insights into today’s complex threat landscape.
In addition, to continue delivery of the current set of services and technologies to Sophos and SecureWorks customers, company customer experience teams will ensure seamless, continued support during the integration period. Customers can reach out to Sophos representatives with any questions.
By integrating the combined expertise and technologies of Sophos and Secureworks, we will accelerate our mission to deliver cybersecurity products and services that solve the most critical problems for organizations of all sizes amid persistent and constantly changing cyberattacks.
Also Read: 67% of healthcare companies experienced ransomware attacks in 2024: Sophos“The market is embracing MDR as a clear means to deliver positive cybersecurity outcomes, and this has meant rapid growth in the category,” said Joe Levy, CEO of Sophos. “Sophos is differentiated by our very mature competencies in ransomware detection, malware analysis and threat actor tradecraft. These defenses are further augmented by Sophos’ native artificial intelligence (AI), first innovated by our globally peer-recognized AI team nearly a decade ago, and embedded in our MDR, endpoint, network, email, and cloud security to more effectively neutralize and stop threats. With the integration of Secureworks, our expanded services and product portfolio will provide even stronger end-to-end security solutions that will include identity threat detection and response (ITDR), next-gen SIEM and managed risk, all in a single open platform.”
“We will also be able to further advance our AI, threat intelligence and attack research through more diverse and deeper global telemetry that is analyst-tuned for the real-world. At every level, we are very excited about this next accelerated chapter for Sophos,” he added.
