Sophos Eyes German Data Loss Prevention and Encryption Vendor
Sophos is looking to buy Utimaco for about $340 million. The move would bulk up the DLP and encryption areas for Sophos that rivals McAfee and Symantec both bolstered earlier this year.Sophos announced plans July 28 to make a roughly $340 million bid to buy German security vendor Utimaco Safeware. Utimaco focuses on data loss prevention and endpoint encryption technologies through its SafeGuard product line. According to Sophos officials, the acquisition would extend Sophos' security and control strategy, which is aimed at protecting data and computers from external and internal threats due to data leaks.
If the deal, which will officially be on the table for Utimaco to accept or reject in August, is completed, Utimaco will become a new business unit within Sophos focused on data security.