Sophos extends its spending spree with Refactr buy
Thoma Bravo-owned Sophos has announced its second takeover in as many weeks with the acquisition of Seattle-based DevSecOps startup Refactr.
Refactr was founded in 2017 and offers an automation platform that helps cybersecurity and DevOps teams to collaboratively operate. The platform, which is used by the non-profit Center for Internet Security and the U.S. Air Force’s Platform One, features a drag-and-drop low-code pipeline builder and DevOps-friendly features that encourage disparate teams to collaborate on the same agile workflow process, according to the company.
“Our mission is to enable DevSecOps to become the modern approach to automation, where cybersecurity use cases like Security Operation, Automation and Response (SOAR), Extended Detection and Response (XDR), compliance, cloud security, and Identity and Access Management (IAM) become building blocks for DevSecOps solutions,” said Michael Fraser, CEO and co-founder of Refactr.
The deal, the terms of which were not disclosed, will see Refactr’s entire team of developers and engineers join Sophos. While Sophos says it will continue to develop and offer Refactr’s DevSecOps automation platform to existing customers, it will also embed its SOAR capabilities to its own managed threat response (MTR) and XDR solutions.
“With Refactr, Sophos will fast track the integration of such advanced SOAR capabilities into our adaptive cybersecurity ecosystem, the basis for our XDR product and MTR service,” said Joe Levy, chief technology officer at Sophos.
Sophos’ acquisition of Refactr lands shortly after it announced plans to buy Braintrace, a cybersecurity startup that provides organizations visibility into suspicious network traffic patterns. Thoma Bravo completed its $3.9 billion takeover of Sophos in 2020 as the company continues to increase its reach in the cybersecurity space. Since then, the private equity firm has acquired security vendor Proofpoint for $12.3 billion and led a $225 million funding round in zero-trust unicorn Illumio.
Thoma Bravo-owned Sophos has announced its second takeover in as many weeks with the acquisition of Seattle-based DevSecOps startup Refactr. Refactr was founded in 2017 and offers an automation platform that helps cybersecurity and DevOps teams to collaboratively operate. The platform, which is used by the non-profit Center for Internet…
Recent Posts
- Logitech wants you to press its new AI button
- Why the automated edge is the new frontier for business networks
- Scientists inch closer to holy grail of memory breakthrough — producing tech that combines NAND and RAM features could be much cheaper to produce and consume far less power
- Google adds biometric verification to Play Store to keep your in-store wallet safe
- Quordle today – hints and answers for Wednesday, April 17 (game #814)
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011