The two companies will combine their cybersecurity solutions into a unified portfolio.

British cybersecurity giant Sophos announced on October 21, 2024, the acquisition of Secureworks, the American specialist in extended detection and response (XDR). The transaction will cost Sophos $859 million (€793 million) in cash, amounting to $8.50 (€7.85) per share—a 28% premium over the stock’s 90-day average price.

Sophos plans to merge both companies’ solutions into a unified portfolio, catering to small, medium, and large organizations. Founded in 1998, Secureworks notably develops Taegis, a cloud-based XDR platform.

“Sophos will expand its current portfolio with new offerings, such as Identity Threat Detection and Response (ITDR), next-generation SIEM capabilities, OT security, and enhanced vulnerability risk prioritization,” Sophos specified. The acquisition is expected to close in early 2025, subject to customary market conditions.

Secureworks has been owned by Dell since 2011, with Dell seeking to sell the company since 2019. Sophos, meanwhile, came under the control of private equity firm Thomas Bravo in 2019 for $3.8 billion (€3.5 billion). Secureworks will add to the fund’s extensive cybersecurity portfolio, which already includes, besides Sophos, Barracuda Networks, Imperva, Veracode, McAfee, and Darktrace.

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