Feeds

Sophos bids €217m for data loss firm

Prevention is better than cure

Intelligent flash storage arrays

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." ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.