Sophos, market-leading supplier of security software and hardware, has announced that it is preparing for an initial public offering (IPO) on the London Stock Exchange, and has made an official announcement to the markets last week.

According to the Telegraph, the private equity owner of Sophos, Apax, is planning for a stock market floatation of around £1bn later this year.

Sophos Chief Executive, Kris Hagerman, said;

“I am pleased to confirm that Sophos is preparing for an initial public offering (IPO) on the London Stock Exchange and has made an official announcement to the markets today.

This news represents an exciting milestone for Sophos. We believe the time is right for Sophos to become a public company and that an IPO will enable us to be even better in supporting you and our joint customers.”

Gaia Technologies are a Sophos Silver Reseller, meaning we can provide customers with the best deals on Sophos’ market leading suite of network, end user and server protection products.

For more information on anti-virus and other software Gaia can offer, please see our software & warranties page.