MSP Cybersecurity Company Sophos Bought Out for $3.9 Billion

By Laura Stotler

Cybersecurity company for MSPs Sophos has gone private this week, following a $3.9 billion buyout by private equity firm Thoma Bravo. Sophos specializes in working with MSPs and resellers to protect them from advanced cyberthreats.

Both Sophos and Thoma Bravo stressed that the company will remain focused on an MSP-centric strategy. Sophos currently protects more than 100 million users and 420,000 organizations from cyberthreats. The Sophos Central cloud-based management platform offers single pane of glass management of security as well as real-time information sharing and threat response. The company also provides Sophos Managed Threat Response services, offering 24/7 security as well as fully-managed threat hunting, detection and response, across endpoints and firewalls.

“Our transition to become a fully next-gen cybersecurity leader continues to rapidly progress,” said Kris Hagerman, CEO of Sophos. “Last quarter, our next-gen product portfolio represented over 60 percent of our entire business, and grew 44 percent year-over-year. And very recently, we launched our most significant network security technology ever, the Sophos XG Firewall with Xstream architecture.”

Sophos has made several key announcements over the past month, including the Xstream architecture. It features high performance Transport Layer Security traffic decryption capabilities designed to eliminate the security risks of encrypted network traffic. The XG Firewall offering was also enhanced to include AI-based threat analysis from Sophos Labs as well as accelerated application performance.

The company also recently rolled out version 18 of its XG Firewall solution. The latest version includes a variety of new features like the cloud-based Central Firewall Reporting tool, which addresses visibility, protection and performance problems. The tool also lets customers create historical, customized reports about network activity.

“Sophos has been constantly raising the bar with its industry-leading synchronized security, advanced deep learning technology and rapid growth within the MSP channel,” said Seth Boro, a managing partner at Thoma Bravo. “We are excited to partner with Sophos to help build upon their success as they further drive innovation in cybersecurity.”

Thoma Bravo focuses on investments in the MSP-centric software market, as well as cybersecurity and IT management spaces. The firm owns a variety of portfolio companies, including Barracuda, ConnectWise and SolarWinds.    

Edited by Maurice Nagle

MSPToday Contributing Editor

Related Articles

Securing Home WiFi Access to Corporate Networks for Teleworkers

By: Erik Linask    9/24/2020

Businesses are faced with a dual dilemma of supporting remote working but also ensuring corporate networks remain secure. Minim has a solution to the …

Read More

Technology Solutions Provider vs. Managed Service Provider: What's Better for Your Business?

By: Special Guest    9/21/2020

Many businesses are choosing to invest in high-tech solutions for their companies. There are two main choices for information technology in the workpl…

Read More

CSPi Vital UCaaS Solution Officially Approved for Cisco Cloud and Managed Services Program

By: Laura Stotler    9/18/2020

The Vital UCaaS solution from CSPi Technology Solutions has been officially approved for Cisco's Cloud and Managed Services Program for Managed Busine…

Read More

Will MSPs See A Boom After COVID Is Done?

By: Special Guest    9/17/2020

The COVID-19 pandemic has done a great deal to change the face of business as we know it. That's for sure. But what exactly does this global change…

Read More

How Your Business Can Benefit From Private LTEs

By: Special Guest    9/15/2020

The Internet is becoming vital in every aspect of our business and personal lives. The Internet has enabled a level of connectivity that we have previ…

Read More