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10 Things To Know About The Planned $3.82 Billion Thoma Bravo-Sophos Deal

Here's a look at how Sophos could leverage Thoma Bravo’s expertise to its advantage, the role Sophos’ existing leaders would play going forward, and whether Thoma Bravo is considering deep job cuts at Sophos.

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1. Thoma Bravo Doesn’t Expect To Materially Reduce Sophos’ Headcount

Thoma Bravo said its plans to review Sophos’ business and operations in the six months after the deal closes to implement operational best practices and create a best-in-class software franchise. For starters, Thoma Bravo said it plans to evaluate opportunities to streamline operational functions to help accelerate top-line growth.

In addition, Thoma Bravo said it plans to reduce spending on legacy and noncore products while upping investment in areas like next-generation endpoint and network security that are expected to enhance the customer experience and product portfolio. Finally, Thoma Bravo said it plans to reduce noncritical administrative costs as well as go-to-market program spend that offers a lower return on investment.

Based on its experience around previous transactions, Thoma Bravo said it doesn’t expect the review to result in a material headcount reduction. In addition, Thoma Bravo said it intends to continue operating Sophos as a stand-alone business group, and avoid undertaking any material restructuring or changes in locations of Sophos’ headquarters, operations or places of business.

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