Sophos Ponders NASDAQ Listing in 2010

Sophos, the UK-based security-software company, is preparing for a market flotation on NASDAQ in 2010, according to a report that first appeared in the Sunday Times.

The public offering would peg the company’s value at up to $1 billion, according to the report.

The company is 60-percent owned by Oxford University scientists Jan Hruska and Peter Lammer, who founded the business in 1985. A further 20 percent is owned by venture-capital group TA Associates, with 10 percent held by Investcorp, and the remainder held by founders and management.

A well-respected Internet-security vendor involved in a number of industry associations, Sophos has several technology partnerships with major players such as IBM, HP, Cisco, Sun Microsystems, Citrix, and Novell, among others.

Advised by Deutsche Bank, Sophos is said not to have made a decision on the timing of the offering.


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