In ancient Greece, a sophos was a wise man — or sage, if you like. The latest addition to quoted UK software businesses is, with a market capitalisation of £1 billion, about a sixth of the size of the other big software provider, the venerable Sage, but Sophos Group has ambitions to grow, nonetheless.
Both serve the SME sector. Sage provides relatively old product, Sophos is at the more cutting edge, IT security.
Most of us use Norton or McAfee for our firewalls, while large corporations have huge IT departments to cater for their needs. Sophos reckons the mid-market is poorly served, and is ideally suited to its cloud-based offering, which allows security threats to be identified and neutralised in real time.
The company has