Sophos, a global cybersecurity leader, has successfully completed the acquisition of Secureworks, solidifying its position as the leading pure-play cybersecurity provider of managed detection and response (MDR) services. The all-cash transaction valued Secureworks at approximately $859 million, and as a result, Secureworks' common stock has ceased trading on NASDAQ.
With this acquisition, Sophos now supports more than 28,000 organizations worldwide and aims to deliver an unparalleled security operations platform with hundreds of built-in integrations for adaptive protection, detection, and response to mitigate cyberattacks. Sophos is focused on expanding its threat intelligence and security services capabilities by integrating Secureworks' counter threat unit and security operations and advisory teams.
Sophos' CEO, Joe Levy, emphasized the market's increasing adoption of MDR as a means to deliver positive cybersecurity outcomes. He highlighted Sophos' mature competencies in ransomware detection, malware analysis, and threat actor tradecraft, which are further augmented by the company's native artificial intelligence (AI) embedded in its MDR, endpoint, network, email, and cloud security solutions.
Following the acquisition, both Sophos and Secureworks are operating business as usual, working with their respective channel partners, managed service providers (MSPs), and managed security services providers (MSSPs) to distribute their existing security services and technology. Sophos protects over 600,000 customers worldwide with its portfolio of MDR, endpoint, network, email, and cloud security solutions.
Under the terms of the agreement, Sophos acquired Secureworks in an all-cash transaction valued at approximately $859 million, representing a 28% premium to the unaffected 90-day volume-weighted average price.
Sophos is now positioned as the largest pure-play MDR provider, offering a complete portfolio of industry-leading endpoint, network, email, and cloud security solutions. The company aims to defend organizations worldwide from phishing, ransomware, data theft, and other cybercrimes, utilizing historical and real-time threat intelligence from Sophos X-OPS and the newly added Secureworks' counter threat unit (CTU).
This acquisition marks the beginning of an accelerated chapter for Sophos, enabling the company to further advance its AI, threat intelligence, and attack research through more diverse and deeper global telemetry, while providing stronger end-to-end security solutions. Following these announcements, the company's shares moved 0.0%, and are now trading at a price of $8.51. For the full picture, make sure to review SecureWorks's 8-K report.
