US-based private equity firm Thoma Bravo acquired British company Darktrace on Friday for $5.32 billion, according to reports.
The all-cash acquisition comes a day after another cybersecurity company, Rubrik, held an initial public offering that some experts say could be a turning point for the battered technology industry. . According to the Challenger Gray & Christmas Report, well-known companies such as Google, Microsoft, and Amazon announced layoffs in the first quarter of 2024, with the tech industry accounting for 16.5 of the 257,254 layoffs over the same period. contributed to %.
Thoma Bravo's acquisition of the cybersecurity artificial intelligence company on Friday coincides with the company's other investments in a number of software companies, and its website lists the company as having $138 billion in assets as of Dec. 31. claims to be one of the largest software focused investors in the world. .
According to the announcement, Thoma Bravo “recognizes that Darktrace is a pioneer in using self-learning artificial intelligence to neutralize cyber threats and automate responses to cyber incidents.…”
Thoma Bravo partner Andrew Almeida said Darktrace employs 2,300 people and has more than 9,400 customers worldwide and is “at the cutting edge of cybersecurity technology, and we are committed to and have long admired the capabilities of artificial intelligence.The pace of innovation in cybersecurity is accelerating at the same time to address complex, global, and sophisticated cyber threats.
The deal represents a 44.3% premium over the average price for the three months ending April 25th. Darktrace stock was up 17% as of 10:26 a.m. London time Friday, MSNBC reported.
