A UK cybersecurity company has completed the acquisition of Nasdaq-listed SecureWorks for around £692m.
Sophos is based in Abingdon, Oxfordshire and was formerly listed in London before it was taken private by US private equity firm Thoma Bravo in a £3bn deal in 2020. Founded in 1985, it employs more than 600 people.
SecureWorks is mostly owned by American technology giant Dell, who has reportedly been seeking a buyer for the business.
The deal is said to have created the largest pure-play provider of managed detection and response services, with a customer base of 28,000 organisations worldwide.
Secureworks’ Counter Threat Unit (CTU) is renowned for intelligence about advanced persistent threats and state-sponsored attackers. It will join the Sophos X-Ops advanced threat response joint task force.
The companies will operate under their own brands for now.
“The combination will enable Sophos to deliver an unparalleled security operations platform, featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks,” said Sophos CEO Joe Levy.
“The open and scalable platform helps organisations, especially those with diverse IT estates, safeguard current and future technology investments, providing greater operational efficiencies and return on cybersecurity spend.”
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