Secureworks shareholders, including Dell, will receive $8.50 per share in cash, representing a 28% premium on the company's 90-day average price.

Secureworks, founded in 1998 and a subsidiary of Dell Technologies, specializes in cybersecurity with its main product being the Taegis SaaS threat detection platform.

The acquisition aims to enhance Sophos's product offerings for enterprise customers globally and is expected to create a stronger security portfolio.

By merging Secureworks' Taegis XDR platform with Sophos' managed detection and response (MDR) services, the deal targets small, mid-sized, and enterprise markets.

Sophos CEO Joe Levy expressed confidence that integrating Secureworks' capabilities will strengthen their market position and improve outcomes for businesses of all sizes.

The integration is expected to introduce new products, including identity detection and response tools, next-generation SIEM capabilities, and enhanced vulnerability risk prioritization.

Dell owns approximately 79% of Secureworks, having taken it public in 2016.

At the time of the announcement, Secureworks was trading at about $8.38 per share on the Nasdaq stock exchange.

Secureworks had previously cut approximately 15% of its workforce in August, impacting employees across multiple countries.

British cybersecurity firm Sophos has announced its acquisition of US-based Secureworks for approximately $859 million in cash.

The transaction is anticipated to close in early 2025, pending regulatory approval.

There are concerns that the Federal Trade Commission may scrutinize Thoma Bravo's growing influence in the cybersecurity sector due to its multiple acquisitions.