[February 13, 2014] Sophos Buys Cyberoam Technologies [Professional Services Close - Up] Tweet (Professional Services Close - Up Via Acquire Media NewsEdge) Sophos announced that it has acquired Cyberoam Technologies, a global provider of network security products. According to a release, the acquisition expands and deepens Sophos' product portfolio in network security, by combining Cyberoam's Unified Threat Management (UTM), next-generation firewall and network security expertise with Sophos' existing network security solutions in UTM and wireless security. "Sophos and Cyberoam create a winning combination at the right time, in the right product markets and in all the right geographies," said Kris Hagerman, Chief Executive Officer for Sophos. "Cyberoam has built a strong reputation as an aggressive and nimble innovator in the network security market, and like Sophos, has a 'channel-first' approach and reputation for delivering top- notch service and support. The acquisition expands and accelerates our network security roadmap to grow our presence in UTM, advanced threat protection, wireless and next generation firewall -- some of the fastest growing markets in all of IT. This also continues our focus of providing exciting opportunities to grow our channel partners and customers." Hemal Patel, CEO of Cyberoam, said, "Together Sophos and Cyberoam form a powerhouse in network security. We are growing our network security businesses substantially faster than the market, and joining forces allows us to drive even greater innovation and value. Our global footprint, commitment to the channel and complete security portfolio are clear competitive differentiators. We're pleased to join the Sophos team." The acquisition advances Sophos' position in network security, a strategic growth area for the company and a pivotal element of the company's complete security strategy. Sophos combines security technologies in endpoint, mobile, encryption and data protection, e- mail, web, server, and network -- all focused on small and midmarket enterprises and pragmatic enterprises of any size -- and delivered entirely through the channel. According to IDC Research, the network security market reached $7.9 billion in 2012; UTM comprised $2.7 billion of the market and was cited as the fastest growing segment at 21 percent growth. In the recent Gartner Magic Quadrant for Unified Threat Management, Sophos was again named a "leader" and Cyberoam a "visionary." Signal Hill acted as exclusive financial advisor to Cyberoam in this transaction. More information: www.sophos.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ]