Indian Cyber Security Company Cyberoam Acquired by Sophos
Oxford-based IT security company Sophos has acquired Cyberoam, an Indian firm that provides Unified Threat Management (UTM), network security and next-generation firewall solutions. Sophos is confident that the move will help the company expand and enhance its current offering. “Sophos and Cyberoam create a winning combination at the right time, in the right product markets and in all the right geographies. 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,” said Kris Hagerman, the CEO of Sophos. Hagerman added, “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.” Cyberoam has over 65,000 customers and 5,500 partners. The company employs more than 550 people. “Together Sophos and Cyberoam form a powerhouse in network security,” commented Hemal Patel, CEO of Cyberoam. “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.” However, the CEO highlights the fact that they will not focus on the UTM market alone, but on the network security market in general, including APT protection, next-generation firewalls and wireless security.