Published on: October 24, 2024
Cybersecurity company Sophos recently signed a deal setting its acquisition of Secureworks in stone. The deal is set to close in 2025 after Secureworks accepted a deal of $859 million (paid in cash).
Secureworks is the company behind Taegis, a SaaS-based, open MDR/XDR platform used for various security operations. Sophos plans to incorporate Taegis into its systems to enhance its own operations and benefit Sohpos’s cybersecurity research.
The move will also expand Sohpos’s customer presence and reach a larger user base. On top of Taegis, Sophos also acquired the rights to Secureworks’ identity detection and response (ITDR), operational technology (OT) security, enhanced vulnerability risk prioritization, and next-gen SIEM capabilities,
Right now, Sophos specializes in providing customers with powerful endpoint security, smart firewalls, and cloud protection. Its research team, Sophos Labs, also provides high-quality cybersecurity research reports.
“Secureworks offers an innovative, industry-leading solution with its Taegis XDR platform. Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organizations of all sizes globally,” Sophos CEO Joe Levy said.
“Secureworks’ renowned expertise in cybersecurity perfectly aligns with our mission to protect organizations from cybercrime by delivering powerful and intuitive products and services. This acquisition represents a significant step forward in our commitment to building a safer digital future for all.”
Both companies have experience with prior business acquisitions. Sophos was acquired by Thoma-Bravo in 2020 for $3.5 billion. Before becoming an independent public company in 2016, Secureworks was owned by Dell.
Levy reassures customers that the acquisition will not affect either business’s operations.
“At this intent stage, we are focused on the post-signing details. Until the close is official, it is business as usual at each organization,” he said. “The acquisition provides us an exciting opportunity to integrate solutions from both companies into a broader and stronger security portfolio.”