Sophos Acquires Astro
Sophos has entered into an agreement to acquire Astaro. Businesses today face unprecedented challenges in protecting users and IT infrastructure from escalating complex security threats, especially those brought on by more mobile, roaming users, new application protocols, and distributed networks. There is a widening security gap for companies given the new rules by which users, businesses and IT operate and this acquisition answers unmet customer needs for better security coordination and effectiveness between users, applications and IT infrastructure.
"The combination of Astaro's comprehensive portfolio of network security solutions alongside our endpoint, mobile, and email and web threat and data protection capabilities will enable us to continue to deliver on our vision of providing complete security without complexity wherever the user and company data resides," stated, Steve Munford, Chief Executive Officer, Sophos.
The market for multi-function security appliances has continued to grow because organizations of all sizes want better protection against security threats and need to support their users and distributed workplaces in a comprehensive, easy to use, efficient way. According to IDC, the market for unified threat management was approximately $2 billion worldwide in 2010, with a CAGR of 13% 2010-2014.
"Demand for network security solutions with more comprehensive and high-quality protection is accelerating fast, and yet companies are struggling with the complexity of multiple security solutions to serve these needs," stated Jan Hichert, Chief Executive Officer at Astaro. "We are excited to join forces with Sophos, as we share a common mission and passion for providing the most comprehensive security solutions that are also easy to use. Together, we will deliver to customers the ability to apply consistent security and web and application controls regardless of where the user is or where the network boundary may lie."
Astaro, with $56 million in billings and 30% year over year growth in 2010, is the fourth largest dedicated unified threat management (UTM) provider, leads the market and has sustained fast growth due to its strong track record of innovation and robust portfolio of feature rich network security solutions. With over 56,000 installations in over 60 countries, Astaro protects business and government networks across the globe against IT security threats. The company currently has more than 220 employees in nine countries spanning three continents, including a significant presence in the EMEA region.
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