Feeds

Sophos bids €217m for data loss firm

Prevention is better than cure

Internet Security Threat Report 2014

UK-based net security firm Sophos has launched a €217m ($342m) bid to buy data loss prevention firm Utimaco. Sophos intends to offer €14.75 per Utimaco share, a premium of 92 per cent on its closing price of €7.68 on Friday.

Investcorp Technology Partners, the largest single shareholder, has already agreed to sell its 24.99 per cent stake in Frankfurt, Germany-based Utimaco to Sophos for cash and Sophos stock. Sophos is following this up with a cash offer for all outstanding Utimaco shares at the same price.

If successful in obtaining 50.5 per cent of Utimaco's issued stock, Sophos intends to make Utimaco a new business unit within the company focused on data security. Utimaco's SafeGuard product, which allow firms to secure data from leaks by using encryption and policy management tools, will become a Sophos brand.

Sophos hopes the offer will close successfully in October. Independent of this, Sophos has agreed a deal to resell SafeGuard Enterprise worldwide.

Sophos chief exec Steve Munford said that Utimaco's product line will allow it to integrate endpoint protection, network access control and encryption products. "Information security should be as commonplace as anti-virus protection - no longer a nice to have, but a must have," he said. "Companies of all sizes are looking to protect against both external and internal threats, with one manageable solution." ®

Beginner's guide to SSL certificates

More from The Register

next story
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Regin: The super-spyware the security industry has been silent about
NSA fingered as likely source of complex malware family
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.