Sofos has completed its acquisition of $ 859 million from the Setureworks Administrated Cyber Security Services Supplier in a cash transaction. Now he claims to be the supplier of “pure game leader” of administered detection and response services, which supports more than 28,000 global organizations.
Secureworks is a cyber security company based in Atlanta, United States, which focuses on the detection of threats, response and security services administered. Its acquisition will build the Sophos security operations platform to mitigate cyber attacks.
“The open and scalable platform helps organizations, especially those with various IT properties, safeguard current and future technological investments, providing greater operational efficiencies and the return of cybersecurity spending,” Sophos said in a press release on the acquisition of Secureworks.
In addition, Sofos X-Ops, its threat intelligence unit, is expanding its capabilities with the addition of the Secureworks threat unit and security operations and advisory equipment.
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“With the integration of Secureworks, our expanded services and product portfolio will provide end -to -end security solutions that will include the detection and response of identity threats (ITDR), next generation and always administered risk, all in a Open platform alone, “said the CEO of Sophos, Joe Levy, in the statement.
“We can also advance even more in our AI, intelligence of threats and attack research through a more diverse and deeper global telemetry that is adjusted to the analyst for the real world. At all levels, we are very excited about this next accelerated chapter for Sophos. “
Secureworks was acquired by Dell in 2011 for $ 612 million. Before this acquisition, it owned 79.2% of the company, but has been trying to sell for several years. According to reports, Secureworks has had problems differentiating from other large cyber security providers, which leads to a loss of participation value.
Meanwhile, Sofos, based in the United Kingdom, published a turnover of £ 644 million in March 2024, marking a growth of 5.4% and saw the profits twice as of £ 100.1 to £ 183.2. Levy said Sophos has managed to maintain dominance in MDR, in part, thanks to its “native artificial intelligence” that he developed for the first time almost a decade ago. He also cited his “mature competencies in ransomware detection, malware analysis and handicrafts of threat actors.”
Dell and other Secureworks shareholders will receive $ 8.50 per cash at the acquisition, which was originally announced last October. For now, both companies will continue to operate separately, support existing customers and develop their own new commercial opportunities.
Cyber attacks are becoming an increasingly serious problem for companies due to the growing sophistication of computer pirates that are now increased by AI, generalized digitalization and the growing value of confidential data. As a result, cyber security companies have a great demand and compete to provide the most complete offer.
SEE: 99% of the United Kingdom companies faced cyber attacks in the last year
In 2024, Cisco acquired Splunk, a data security and analysis platform, for $ 28 billion, while Mastercard acquired a threat intelligence company registered Future for $ 2.65 billion. The US private capital firm Thoma Bravo bought the security firm of the Darktrace for $ 5.3 billion, after acquiring Sofos in 2020 for $ 3.9 billion.
So far this year, 1Password, tenable, Watchguard and Darktrace have announced acquisitions to expand their security offers.
