Sophos sells majority stake

May 3, 2010 07:33 PM E-mail| |Comments ()| Text size – +

By Hiawatha Bray, Globe Staff

Sophos PLC, a data security firm with dual headquarters in the UK and Burlington, has agreed to sell a majority stake to Apax Partners, a global private equity group.

Details of the transaction were not disclosed, but a release from the two companies said that the deal values the entire company at $830 million.

Sophos claims to be the world's largest privately-held data security company, with 2010 revenues of $260 million.

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