The acquisition offer was announced on 14 October last year and under the terms of the agreement, Sophos stockholders receive US$7.40 per share.
The price per share represents a 168% premium to its IPO share price in June 2015, with stockholders voting to approve the transaction on 3 December 2019 – and with the completion of the acquisition, Sophos’ common stock ceased trading on the London Stock Exchange.
“Sophos is excited to work with Thoma Bravo as we begin our next chapter of growth and success, continuing in our mission to deliver the world’s most effective next-generation cybersecurity technology,” said Kris Hagerman, Sophos chief executive.
“With Thoma Bravo as a partner, we believe we can accelerate our progress and get to the future even faster, with dramatic benefits for our customers, our partners and our company as a whole.”
“Sophos has been constantly raising the bar with its industry-leading synchronized security, advanced deep learning technology and rapid growth within the MSP channel,” said Seth Boro, a managing partner at Thoma Bravo.
“We are excited to partner with Sophos to help build upon their success as they further drive innovation in cyber security.”