Sophos sells majority stake to investors
Venture capitalists Apax Partners pick up a 70 percent share in the security company in a deal worth $580 million.
Private equity firm Apax Partners has bought a majority stake in Sophos, a deal that values the U.K.-based security company at $830 million.
Apax will spend approximately $580 million on a 70 percent stake in Sophos, the security vendor's senior technology consultant Graham Cluley said Tuesday.
Oxfordshire-based Sophos provides antivirus products exclusively to companies, rather than consumers. Its flagship products are Sophos Endpoint Security and Data Protection, its SafeGuard encryption product, Web Security and Control, and Email Security and Data Protection. The company was founded over 20 years ago.
Read more of "Sophos sells majority stake to investors" at ZDNet UK.