Sophos and Secureworks have entered into a definitive agreement through which the former, backed by software investment firm Thoma Bravo, will acquire the latter in an all-cash transaction valued at US$859 million.
The combination of Sophos with its experience as a provider of managed security services and end-to-end security products and of Secureworks with its security operations expertise is expected to further deliver complementary advanced MDR and XDR solutions for the benefit of their global customer bases.
Together, they will help strengthen the resilience and security posture of global organisations of any size with a combination of security controls, AI, 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 like identity detection and response (ITDR), next-gen SIEM capabilities, operational technology (OT) security, and enhanced vulnerability risk prioritisation.
“Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organisations of all sizes globally,” said Joe Levy, CEO of Sophos.
Secureworks CEO Wendy Thomas said Sophos’ portfolio of endpoint, cloud, and network security solutions – in combination with Secureworks’ XDR-powered managed detection and response – is what organisations are looking for to strengthen their security posture.