Sophos plans big after going public

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 per cent 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.

Kris Hagerman, Chief Executive, Sophos, says, “Sophos has plans to innovate and expand each core product. We are also looking forward to address next-generation threats by focussing on integration and information sharing between endpoint and network technologies.”Read more

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