The story
Sophos was founded by Jan Hruska and Peter Lammer and began producing its first antivirus and encryption products in 1985. During the late 1980s and into the 1990s, Sophos primarily developed and sold a range of security technologies in the UK, including encryption tools available for most users (private or business). In the late 1990s, Sophos concentrated its efforts on developing and selling antivirus technology and embarked on a program of international expansion.
In 2010, the majority interest of Sophos was sold to Apax Partners.
In 2011, Utimaco Safeware AG (acquired by Sophos in 2008) was accused of supplying data monitoring and tracking software to partners that have sold to governments such as Syria. Sophos issued a statement of apology and confirmed that it had suspended its relationship with the partners in question and launched an investigation.
In June 2015, Sophos announced plans to raise US$100 million on the London Stock Exchange. Sophos was floated on the FTSE in September 2015.
On 14 October 2019, Sophos announced that Thoma Bravo, a US-based private equity firm, made an offer to acquire Sophos for US$7.40 per share, representing an enterprise value of approximately US$3.9 billion. The board of directors of Sophos stated their intention to recommend the offer to the company's shareholders unanimously. On 2 March 2020, Sophos announced the completion of the acquisition.
In February 2024, President Joe Levy was appointed acting CEO after Kris Hagerman resigned from the CEO position. Mr. Levy was named the permanent CEO in May 2024.
In October 2024, Sophos released a report about its Pacific Rim counter-offensive operation, detailing actions taken against China-based adversaries along with additional information concerning this effort. It was reported by Wired that the company had been targeted for years by hackers affiliated with the University of Electronic Science and Technology of China and Sichuan Silence Information Technology, a company associated with China's Ministry of Public Security. The attacks were attributed to Chinese advanced persistent threats such as APT41, APT31, and Volt Typhoon. The Federal Bureau of Investigation (FBI) asked for the public's help in identifying the attackers.
From Wikipedia’s article on Sophos, shared under CC BY-SA 4.0.5
