Sophos acquires Secureworks for $859 million.

Sophos has entered into an agreement to acquire Secureworks. With an $859 million transaction, Sophos aims to expand its cybersecurity portfolio by combining solutions from both companies.

Integration of technology and services

Sophos acquires Secureworks to strengthen its security services and technology globally. Secureworks shareholders will receive $8.50 per share, a 28 percent premium to the average share price over the last 90 days. The acquisition, which is expected to be completed in early 2025, fits into Sophos’ strategy to expand its market presence. Through this integration, Sophos aims to expand its offering to include Identity Detection and Response (ITDR), improved risk prioritization and next-generation SIEM capabilities.

According to Sophos CEO Joe Levy, the merger of the two companies will result in improved Managed Detection and Response (MDR) and Extended Detection and Response (XDR) solutions. The company plans to integrate technologies such as Secureworks’ Taegis platform into its own security portfolio. Sophos aims to help customers combat complex cyber threats with AI-driven security and automated threat detection.

Greater offering for customers

Secureworks offers extensive expertise in threat intelligence and incident response, while Sophos positions itself as a full-service provider of security services. Through this acquisition, both companies hope to improve their services for small, medium and large companies. Wendy Thomas, CEO of Secureworks, emphasizes that the two companies’ shared mission contributes to better security outcomes for customers worldwide.

The transaction is subject to customary closing conditions, including regulatory approval. Sophos is being advised by Kirkland & Ellis LLP as legal counsel and several financial parties on financing in this deal. Secureworks receives financial advice from Piper Sandler & Company and Morgan Stanley & Co. LLC.