The Carlyle Group Sells Its Majority Stake in Cyberoam Technologies to Sophos (Asia)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has sold its majority stake in India-based network security appliances company Cyberoam Technologies to global provider of IT security solutions Sophos. The transaction was structured through Carlyle’s affiliate First Carlyle Ventures Mauritius, which had acquired a majority stake in IT products and software solutions company Elitecore Technologies in 2007. The network security business of Elitecore was demerged to form Cyberoam in 2012. Financial details of the transaction were not disclosed.