Says combined forces deliver more innovation and value to customers and partners
In an official statement Cyberoam finally announced its acquisition by Sophos. Cyberoam Technologies Private Limited, is a spinoff from Elitecore Technologies Pvt. Ltd. and funded by the Carlyle Group.
Originating from Ahmedabad, India, Cyberoam has consistently grown faster than the market and gained cost leadership and operational efficiency advantages in the global network security market announced the press release.
“Cyberoam is a fine example that not all successful technology product innovation happens in Silicon Valley; it can happen anywhere, with the right drive and vision. We have been successful in building Cyberoam into a global IT product company that displays great product strength, team strength and unique innovation capabilities,” said Hemal Patel, MD & CEO, Cyberoam Technologies. “Cyberoam and Sophos complement each other in many ways in the fast-growing network security market. Joining forces will allow us to offer more product innovation and value to our customers and channel partners.”
“Sophos and Cyberoam create a winning combination at the right time, in the right product markets and in all the right geographies,” said Kris Hagerman, CEO, Sophos. “Cyberoam has built a strong reputation as an aggressive and nimble innovator in the network security market, a reputation for top-notch service and support, and a ‘channel first’ sales strategy. The acquisition expands and accelerates our network security roadmap to grow our presence in UTM, advanced threat protection, wireless and next generation firewall – some of the fastest growing markets in all of IT. We believe this combination is exciting for both our companies, but more importantly allows us to deliver better protection for our customers and expanded opportunities for our partners.”
Cyberoam Technologies has more than 550 employees working across its worldwide offices with R&D and Global Support Management Centre operating from its headquarters in Ahmedabad, India. Cyberoam has strengthened its position in the SME and SMB segments and is geared up for making in-roads in the Enterprise territory with its impressive product portfolio.
