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Hagerman's strategy is to pursue this vision while at the same time raising the profile of Sophos to gain wider market familiarity.
"Sophos is not nearly as well-known as it should be, given the extent of our installed base, the customers that we serve, and the breadth and impact their solutions have," he said. "So one of my highest priorities is to help get the word out to our customers and for channel partners about the solutions that we have, why they are different, and why we think they are compelling."
Sophos is currently privately held, and while Hagerman is open to changing that at some point, he has no intention to rush the company to IPO.
"I don't feel a burning desire to go public right away," he said. "We will go public when we feel like it's the right time and the right circumstances. There are some great things about being public, but there is also a high degree of scrutiny from the perspective of quarterly earnings and expected short-term focus on how to deliver against each quarter. And sometimes they can take away from a longer-term, more strategic view that may ultimately be in a better interest of the company. Whether we are public or private is something that will be dictated by where we are in our evolution."
Sophos reported a record $400 million in annual bookings in its most recent fiscal year ending March 31, 2012, and reports to have more than 100 million users in 150 countries.
Prior to joining Sophos, Hagerman was CEO of Corel, and previously served as group president of Symantec’s data center management, overseeing an organization that represented nearly 30 percent of the company's revenue. Previous to Symantec, Hagerman was executive vice president, storage and server management at Veritas, where he doubled revenues prior to the company's acquisition by Symantec.
PUBLISHED SEPT. 14, 2012
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