Sophos Intercept X: renewal cost for a security system integrator

Hello! 

I'm on the purchasing side of things and my IT department has requested the renewal of the Sophos Central Intercept X Advanced user and server subscriptions. 

I don't mind paying a fair price for the renewal, but I am finding that the cost to renew is double what was paid in 2019: $24K to $49K. 

I do understand price increases are part of the business but a 50% increase for a software subscription does not seem reasonable to me. Are any other companies out there seeing this as well?