Sophos Group Share News (SOPH)

(ShareCast News) - IT security company Sophos Group has acquired endpoint threat detection provider SurfRight for a cash consideration of $31.8m (£21m).Netherlands-based SurfRight has developed a portfolio of technologies that prevent, detect and remediate zero-day and sophisticated attacks by interrupting malware and advanced persistent threat vectors.SurfRight's real time anti-exploit technology focuses on detecting and preventing the memory manipulations and abuses that allow malicious code to run in the first place.Sophos said the acquisition will further strengthen its leading endpoint protection technology, by adding complementary new defence tactics, delivered either on premise or in the cloud.Chief executive officer Kris Hagerman said: "SurfRight is a growing, profitable business with an established customer base and proven security capabilities. The team has engineered powerful, innovative next generation endpoint technologies that provide multiple advanced protection and mitigation elements, and yet are simple to use."SurfRight's products embody the same product vision we have at Sophos - that even the most advanced IT security products should be simple to deploy and manage by organizations of any size."At 1446 GMT, Sophos shares were up 0.5% to 248.10p.