Sophos said in May that it planned to sell the majority of its business to private equity investment firm APAX Partners to the tune of $830 million. Under the terms of the deal, Sophos founders Jan Hruska and Peter Lammer were slated to retain a "significant minority" shareholding in the company at the close of the transaction.
Executives said the infusion of capital from the APAX deal would allow Sophos to find ways to streamline business, develop e-commerce channels for its partners and further invest in new technologies. Plus, executives said the guaranteed financial backing also would allow the company to expand its footprint in marketing and branding.
