Cloud-enabled cybersecurity specialists Sophos has publicised that Thoma Bravo, a US-based private equity firm, have submitted an offer to purchase the company.
Representing a total value of approximately $3.9 billion, Sophos’ board of directors have stated their intention to unanimously recommend the offer to the company’s shareholders.
“Today marks an exciting milestone in the ongoing journey of Sophos,” commented Kris Hagerman, CEO, Sophos.
“Sophos is actively driving the transition in next-generation cybersecurity solutions, leveraging advanced capabilities in cloud, machine learning, APIs, automation, managed threat response, and more.
“We continue to execute a highly-effective and differentiated strategy, and we see this offer as a compelling validation of Sophos, its position in the industry and its progress.”
Thoma Bravo is a private equity firm focused on software and technology enabled services sector with more than $35 billion in investor commitments.
Boasting over 40 years of history, Thoma Bravo has acquired more than 200 software and technology companies representing more than $50 billion of value.