Aims to innovate and expand each core product and is looking forward to addressing next generation threats
Cyber-security company Sophos, which went public recently, now plans to innovate and expand each core product and is looking forward to addressing next generation threats by focusing on integration and information sharing between endpoint and network technologies.
Earlier this month, Sophos had announced plans to raise $125 million by selling about 35 percent of its shares priced at 225 pence per share in a public offering on the London Stock Exchange that would set its valuation at about $1.6 billion. The company now wants to ride on its IPO success with clear growth plans for the future.
Kris Hagerman, CEO, Sophos, said, “Bringing Sophos to the public markets will enable us to access capital, improve our global brand and enhance our ability to enable enterprises around the world, of any size, to deploy a simple and effective security solution. This is a very exciting time for us. We are proud of all that Sophos has accomplished over its 30-year history, but we are even more excited about the road ahead as we embark on the next stage of our growth as a public company.”
Sophos has an installed base of over 200,000 customers, and a global network of over 15,000 partners. The acquisition of Cyberoam in February 2014 significantly increased the Group’s presence in EMEA (especially in Middle East and Africa) and APJ (especially in India).
In India, Satcom Infotech distributes Sophos’s entire product line of endpoint security, encryption, unified threat management, log management, vulnerability analysis, data loss prevention and mail archiving.
Vinod Kumar, MD, Satcom Infotech, said, “The plans laid down by Sophos are very ambitious. Being the distributor of Sophos products in India, this opens up new challenges and new avenues for us to increase the reach of Sophos in the Indian market.”
Sophos will also focus on the integration of end-user and network security, cloud-managed and cloud-enabled security products, and the continued improvement and refinement of existing core products, especially to address next-generation threats. The group aims at driving cross-sell and up-sell opportunities.