Telecom
Sophos to Acquire Secureworks in $859M Deal to Accelerate Cybersecurity Services

Sophos has entered into a definitive agreement to acquire Secureworks, the renowned developer behind the Taegis™ platform. The all-cash transaction is valued at approximately $859 million.

Sophos to Acquire Secureworks
Sophos’ experience and reputation as a leading provider of managed security services and end-to-end security products, combined with Secureworks’ security operations expertise transformed into the Taegis™ platform, is expected to further deliver complementary advanced MDR and XDR solutions for the benefit of their global customer bases.
Together, they will help strengthen the resilience and security posture of global organizations of any size with a combination of security controls, AI, world-class threat intelligence, and two teams with decades of cybersecurity expertise.
Sophos expects to integrate solutions from both companies into a broader and stronger security portfolio benefiting small, mid- and enterprise customers.
This includes Sophos expanding its current portfolio with other new offerings like identity detection and response (ITDR), next-gen SIEM capabilities, operational technology (OT) security, and enhanced vulnerability risk prioritization.
As two partner-centric organizations, the combination of Sophos and Secureworks will enable the combined company to expand its market presence to create greater value within the channel and strengthen the overall security community.
“Secureworks offers an innovative, market-leading solution with their Taegis XDR platform. Combined with our security solutions and industry leadership in MDR, we will strengthen our collective position in the market and provide better outcomes for organizations of all sizes globally, said Joe Levy, CEO of Sophos.
“Secureworks’ renowned expertise in cybersecurity perfectly aligns with our mission to protect businesses from cybercrime by delivering powerful and intuitive products and services.
“This acquisition represents a significant step forward in our commitment to building a safer digital future for all.”
Cyber risk continues to escalate, driven by a rampant cybercriminal ecosystem and global geopolitical pressures. Combined, Sophos and Secureworks share a long history of having exceptional threat intelligence, security operations, incident response, and innovative security product capabilities that help organizations defeat these adversaries.
“Our mission at Secureworks has always been to secure human progress.
“Sophos’ portfolio of leading endpoint, cloud, and network security solutions – in combination with our XDR-powered managed detection and response – is exactly what organizations are looking for to strengthen their security posture and collectively turn the tide against the adversary,” said Wendy Thomas, CEO, Secureworks.
“As Joe and I both believe, this transaction will strengthen our go-to-market offering with Sophos’ global scale, expertise and reputation.”
Transaction Details
Under the terms of the agreement, Sophos intends to acquire Secureworks in an all-cash transaction valued at $859 million. Secureworks shareholders, including Dell Technologies (NYSE:DELL), will receive $8.50 per share in cash. This represents a 28% premium to the unaffected 90-day volume-weighted average price (VWAP). The transaction is expected to close in early 2025, subject to customary closing conditions. Additional information regarding this announcement can be found in the Form 8-K filed by Secureworks with the United States Securities and Exchange Commission (SEC) on Oct. 21, 2024.
Kirkland & Ellis LLP is acting as legal counsel to Sophos and Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc. and UBS Investment Bank are acting as financial advisors and providing debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC are acting as financial advisors to Secureworks and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.
Telecom
Vitel Wireless, Nigeria’s First MVNO to Launch Operations This Quarter

Vitel Wireless, a mobile virtual network operator (MVNO), which recently made history as the first operator in Nigeria to be allocated a mobile number series by the Nigerian Communications Commission (NCC) is set to launch operations this quarter.
This is sequel to announcement by Wireless Technology Labs (WTL) that t has built the network of Vitel Wireless, and enabled overseas roaming, in preparation for Vitel’s launch.
Vitel Wireless, which is headquartered in Lagos, was licensed by the NCC in 2023 and will be the country’s first MVNO.
Its launch is set to shake up Nigeria’s telecoms market with Vitel offering an alternative to the services of the country’s four major operators—MTN, Airtel, Globacom and 9Mobile.
Vitel’s network will go live in Nigeria’s major cities first and then expand nationwide.
Pricing will be competitive for basic services like voice, SMS and data and Vitel will also focus on value added services like location-based services (LBS) and IOT.
Vitel Wireless is building Experience Centres in Lagos, Abuja, Enugu, Port Harcourt, Kano and Nigeria’s other major cities where customers can purchase SIM cards.
In addition, Vitel is building a distributor network with SIM cards available through retail channels and online subscriptions using eSIMs.
WTL has already completed the integration of Vitel’s infrastructure with the network of a major MNO and has also enabled international roaming using its proprietary advanced core systems.
This means that Vitel will be able to launch as soon as the NCC approves its network and operational model.
Kenneth Nwabueze, CEO of Vitel Wireless, said “We are going to be offering innovative solutions beyond what the big four operators who have dominated Nigeria’s telecoms market are currently offering. We are investing heavily in our operations, and our work with WTL will enable us to launch in Q2, 2025”.
WTL, which is headquartered in Belgium, has been active in Nigeria and across Africa for more than 20 years working with operators of all sizes to rollout both urban and rural networks. Its work has garnered widespread recognition and industry awards.
WTL has already enabled the networks of two of the 46 new MVNOs licensed by the NCC, and recently announced that it is working with Nigeria’s first Mobile Virtual Network Enabler (MVNE) which is constructing new mobile network infrastructure to provide capacity for emerging MVNOs through its Platform as a Service (PaaS) model.
Mr. Satya Mekala, CEO of WTL, said, “I congratulate The NCC for licensing new operators to improve competitiveness, increase rural coverage and drive the adoption of digital services including Fintech, Edtech, Agriculture, IOT and more. I further thank Vitel for giving us the opportunity to showcase our advanced core technologies and wish them great success in becoming the first ever MVNO in Nigeria”.
Telecom
ipNX Partners NCC to Deepen Broadband Penetration

ipNX, Nigeria’s leading information and communications technology company and connectivity provider is collaborating with the Nigeria Communications Commission (NCC) to explore opportunities for further growth and development policy alignment in support of the Federal Government of Nigeria’s broadband penetration and digital transformation agenda.
The company recently visited NCC at it Abuja office to strengthen the collaborative relationship between both institutions.
The delegation from ipNX, which was led by Ejovi Aror, group managing director, was received by Dr Aminu Maida, executive vice chairman/chief executive officer, Nigeria Communications Commission.
During the visit, the discussions focused on the current state of internet access in Nigeria, the myriad of challenges being faced by service providers, including but not limited to vandalism of key infrastructure and right of way, as well as the regulatory landscape.
The engagement highlighted the shared vision of both institutions to bridge the digital divide and empower Nigerians through reliable and affordable internet connectivity.
As a leading player in Nigeria’s ICT sector, ipNX reaffirmed its unwavering commitment to the realisation of the National Broadband Plan, which aims to achieve 70% broadband penetration this year.
With over two decades of pioneering innovation within the sector, the company has consistently demonstrated resilience across different economic cycles without compromising quality of service and affordable pricing.
Commenting on the visit, Aror, stated, “Our engagement with the Nigeria Communications Commission is a positive step towards shaping the future of telecommunications in Nigeria. At ipNX, we believe that active collaboration with regulators and other key stakeholders is critical to achieving the development targets outlined in the National Broadband Plan. We are proud to continue playing a pivotal role to drive broadband penetration and ensure that every Nigerian, irrespective of their location, has access to the transformative power of the internet.”
The meeting also emphasised the importance of policy alignment and regulatory frameworks that enable innovation, investment, and sustainable growth in the telecommunications sector.
As Nigeria continues to make strides in its digital transformation journey, ipNX stands ready to leverage its expertise, infrastructure, and partnerships to support the realisation of the government’s broadband penetration objectives.
The company remains dedicated to empowering individuals, businesses, and communities through cutting-edge technology and unparalleled connectivity solutions.
Telecom
Truecaller Surpasses 450m Users, Expands Global Reach

Truecaller, the popular caller identity app, announced that it surpassed 450 million users earlier this week, expanding it’s global reach.
The company added 50 million users in the past 10 months, including 15.5 million since the beginning of 2025.
Leadership Changes and Market Expansion
India remains Truecaller’s largest market, a factor reflected in the company’s recent leadership decision.
Following the decision of its co-founders to step back from daily operations last year, Truecaller appointed Rishit Jhunjhunwala, previously the Chief Product Officer and MD of India operations, as the new CEO.
While India continues to be a key market, Jhunjhunwala noted that the company is seeing rapid growth in other regions.
“We are proud that we now serve more than 450 million users globally. As before, we continue to see steady growth in our largest market, India, but the fastest relative growth is in markets outside of India.
“So far in 2025, we see strong growth trends in Latin America, South Africa, Kenya, Nigeria, Malaysia, and the US,” Jhunjhunwala wrote in a blog post.
Regulatory Challenges in India
Despite its dominance in India, Truecaller faces potential challenges as the country’s telecom department pushes for mobile carriers to implement a government-backed caller ID system.
This move could introduce competition to Truecaller’s services in one of its most crucial markets.
Financial Performance and Market Position
Truecaller maintained an active user base of nearly 430 million throughout Q4 2024. The company reported strong financial results for the quarter ending in December, with:
Net sales increasing by 23% year-over-year
Profit after tax rising by 29%
Stock price up more than 33% year-to-date
Product Enhancements and AI Integration
Earlier this year, Truecaller improved its caller ID functionality for iOS, overcoming previous limitations imposed by Apple’s operating system.
The company has also been expanding its offerings beyond caller identification by introducing:
Call recording and transcription features
An AI-powered assistant for call screening
Enhancements to its SMS and chat functionalities
With these advancements, Truecaller aims to solidify its position as a comprehensive communication platform while navigating competitive and regulatory challenges.
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