Sophos and Secureworks® (NASDAQ:SCWX), two global cybersecurity pioneers that have innovated and redefined services and technology solutions for defeating cyberattacks, today announced the completion of
Sophos has completed its acquisition of Secureworks in all-cash transaction values Secureworks at approximately $859-million.
With the completion of the acquisition, Secureworks’ common stock has ceased trading on Nasdaq.
Sophos is now a leading pure-play cybersecurity provider of Managed Detection and Response (MDR) services, supporting more than 28 000 organisations of all sizes worldwide.
The combination will enable Sophos to deliver a security operations platform featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks. The open and scalable platform helps organisations, especially those with diverse IT estates, safeguard current and future technology investments, providing greater operational efficiencies and return on cybersecurity spend.
Sophos X-Ops is also expanding its threat intelligence and security services capabilities with the addition of the Secureworks Counter Threat Unit and security operations and advisory teams.
As a channel-first cybersecurity provider, Sophos continues to empower its global community of resellers, Managed Service Providers (MSPs) and Managed Security Services Providers (MSSPs).
“The market is embracing MDR as a clear means to deliver positive cybersecurity outcomes, and this has meant rapid growth in the category,” says Joe Levy, CEO of Sophos. “Sophos is differentiated by our very mature competencies in ransomware detection, malware analysis and threat actor tradecraft.
“These defenses are further augmented by Sophos’ native artificial intelligence (AI), first innovated by our globally peer recognised AI team nearly a decade ago, and embedded in our MDR, endpoint, network, email, and cloud security to more effectively neutralize and stop threats.
“With the integration of Secureworks, our expanded services and product portfolio will provide even stronger end-to-end security solutions that will include identity threat detection and response (ITDR), next-gen SIEM and managed risk, all in a single open platform.”