Sophos, founded in Oxford, currently listed on the Main Market of the London Stock Exchange, has grown substantially through organic development as well as through strategic acquisitions and today has established itself as a leading global provider of cloud-enabled end user and network security solutions with over 400,000 customers in more than 150 countries, over 47,000 channel partners and more than 100m users.
Sophos sells its products and services exclusively through a global channel of more than 47,000 partners and managed service providers while also making its technologies available to consumers via Sophos Home.
The deal, likely to complete in the first quarter of 2020, sees the company becoming private for a share price offer of just under $4bn, or £3bn, and represents a substantial bonus for investors, as it is currently capitalised at more like £2bn.
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Thoma Bravo currently manages a series of private equity funds representing more than $35bn of capital commitments and, in the software industry, is one of the most active private equity firms, having completed more than 200 acquisitions representing over $50bn in aggregate enterprise value.
The company sees itself as investing in and growing software and technology businesses, supporting portfolio companies by investing in growth initiatives and strategic acquisitions that drive long-term value.
The acquisition of Sophos would further demonstrate Thoma Bravo’s focus on the large and growing Cybersecurity market, it claims.