Cybersecurity firm Sophos has announced it will acquire Secureworks in an all-cash transaction.
The deal is valued at approximately $859 million.
Secureworks shareholders will receive $8.50 per share in cash, representing a 28% premium to the unaffected 90-day volume-weighted average price.
The transaction is expected to close in early 2025.
The acquisition aims to combine Sophos’ managed security services and Secureworks’ security operations expertise to deliver advanced MDR and XDR solutions.
The combined company will offer a broader security portfolio, including identity detection and response, next-gen SIEM capabilities, operational technology security, and enhanced vulnerability risk prioritization.
The transaction is expected to expand the combined company’s market presence and create greater value within the channel.
Sophos and Secureworks have a long history of providing threat intelligence, security operations, incident response, and innovative security products.