Sophos Ltd has completed the acquisition of Secureworks Inc for US$859 million, enabling Sophos to deliver an unparalleled security operations platform, featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks, supporting more than 28,000 organisations of all sizes worldwide.
With the completion of the acquisition, Secureworks’ common stock has ceased trading on Nasdaq. Sophos is backed by Thoma Bravo, a leading software investment firm.
In the near term, Sophos and Secureworks are operating business as usual, working with its respective channel partners, Managed Service Providers and Managed Security Services Providers worldwide to distribute its existing security services and technology.
Both companies’ sales and customer experience groups, meanwhile, will operate to support existing customers, assist with renewals and develop current and new business opportunities.
Kirkland & Ellis LLP acted as legal counsel to Sophos, Goldman Sachs & Co LLC, Barclays, Bank of America Securities, HSBC Securities (US) Inc and UBS Investment Bank acted as financial advisors and provided debt financing for the transaction. Piper Sandler & Co and Morgan Stanley & Co LLC acted as financial advisors to Secureworks, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel.
