Sophos has completed its acquisition of $ 859 million by managed Cyber Security Services SecureWorks in an all-contents transaction. It now claims to be the “leading pure -play” provider of managed detection and response services that support more than 28,000 global organizations.
Secureworks is an Atlanta, US-based cyber security company that focuses on threat detection, response and managed security services. Its acquisition will build Sophos’ security operation platform for mitigation of cyber attacks.
“The open and scalable platform helps organizations, especially those with various IT goods, protective power and future technology investments that provide greater operational efficiency and return on cyber security expenses,” Sophos said in a press release on the SecureWorks acquisition.
Furthermore, Sopho’s X-Ops, its threat information device, is expanding its capabilities with the addition of Secureworks’ Counter Threat device and security operations and advisory teams.
SEE: IBM acquires Hashicorp for $ 6.4 billion that expands hybrid cloud offers
“With the integration of SecureWorks, our extended 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, “Said Sophos CEO Joe Levy, in the release.
“We will also be able to further promote our AI, threat information and attack research through more different and deeper global telemetry that is the analyst wheel to 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 business, but has tried to sell up for a number of years. SecureWorks has reportedly struggled to differentiate from other major cyber security providers, which has led to a loss of stock value.
Meanwhile, the British-based Sopho’s revenue of £ 644 million emitted in March 2024, marking 5.4% growth, and then the profits double from £ 100.1 to £ 183.2. Levy said that Sophos has managed to maintain dominance in MDR, partly thanks to its “native artificial intelligence,” that it first developed almost a decade ago. He also cited his “mature competencies in ransomware -detection, malware analysis and threat actor dealer.”
Dell and other SecureWorks shareholders receive $ 8.50 per Stock in cash in the acquisition, which was originally announced last October. Currently, both companies will continue to operate separately, support existing clients and develop their own new business opportunities.
Cyber attacks are becoming an increasingly serious problem for businesses due to the growing sophistication of hackers now reinforced by AI, widespread digitization and the increasing value of sensitive data. As a result, cyber security companies are in demand and compete to give the most comprehensive offer.
SEE: 99% of British companies faced cyber attacks that last year
By 2024, Cisco acquired Splunk, a data analysis and security platform, for $ 28 billion, while MasterCard acquired threat intelligence firm that recorded the future of $ 2.65 billion. US private equity company Thoma Bravo bought AI security company Darktrace for $ 5.3 billion after acquiring Sophos by 2020 for $ 3.9 billion.
So far this year, 1Password, Tenable, WatchGuard and Darktrace have all announced acquisitions to expand their security offerings.