The Oxfordshire-based security company recently announced the largest-ever IPO for a UK software firm on the London Stock Exchange
Leading cyber-security company Sophos intends to maintain the growth momentum it has achieved after its recent IPO announcement. The company won applause from the UK government, investors as well as customers for this public listing, which is the biggest ever of its kind for a UK software company. 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.
Mr Kris Hagerman, Chief Executive of Sophos says,”Sophos has plans to innovate and expand each core product. We are also looking forward to address next generation threats by focusing on integration and information sharing between endpoint and network technologies.”
“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,” said Mr Hagerman.
Sophos has an enviable 30-year track record of innovation and growth, with 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). The Group intends to continue to deepen its relationships with existing partners and to grow its channel partner base to benefit from the end customer, industry, product and geographic knowledge and trusted, long-standing end customer relationships of these channel partners.
In India, Sophos products are distributed by Satcom Infotech, a leading IT distributor of security and control solutions. It offers Sophos’ entire product line of endpoint security, encryption, unified threat management, log management, vulnerability analysis, data loss prevention and mail archiving.
Mr Vinod Kumar, Managing Director at 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