Sophos to Acquire Secureworks for $859 Million

Sophos has announced its largest acquisition to date, agreeing to buy Secureworks for approximately $859 million in an all-cash deal. The merger aims to enhance Sophos' managed detection and response services by integrating Secureworks' advanced XDR and SIEM capabilities, which are expected to improve threat detection and response for businesses globally. Shareholders of Secureworks will receive $8.50 per share, a 28% premium over its average trading price. The acquisition is anticipated to close in early 2025 and is backed by private equity firm Thoma Bravo, enhancing Sophos' market position and expanding its security offerings. Both companies emphasize the benefits for channel partners, including a broader service portfolio and a strengthened global presence. Sophos CEO Joe Levy and Secureworks CEO Wendy Thomas highlighted the synergy of their technologies and expertise in reinforcing cybersecurity solutions for organizations of all sizes.