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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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10. Billings Continue To Climb For Sophos In 2019

Sophos expects to report 9 percent billings growth for the six months ended Sept. 30 after factoring out changes in foreign currency exchange rates, with the company seeing continued growth in end-user and network security.

Subscription billings led the way with 12 percent year-over-year growth on a constant currency basis, according to the acquisition documents, with the company seeing growth in business from brand-new customers as well as a modest improvement in the net renewal rate. Sophos expects to report the full results for the first half of its 2020 fiscal year on Nov. 6.

For Sophos’ 2019 fiscal year, which ended March 31, revenue jumped to $710.6 million, up 11.2 percent from $639 million a year earlier. And from a profitability standpoint, Sophos saw earnings of $26.9 million, improved from a loss of $60.9 million a year earlier.

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