Consolidation continues, as Sophos makes a bid for German encryption vendor Utimaco in a cash offer valued at $338 million USD. The deal is a voluntary public takeover, and also involves Investcorp Technology Partners selling its 25 percent stake in Utimaco to Sophos.
The deal is an effort by Sophos, which so far has concentrated it product focus in endpoint protection, NAC and email, to expand into the arena of securing data in motion and data at rest. Sophos quotes an IDC report that predicts the information protection and control market will enjoy a compound annual growth rate of 33 percent between 2006 and 2011.
