PE giant Thoma Bravo has agreed to acquire British cybersecurity firm Darktrace in a huge deal worth around $5.3 billion.
According to Security Week, the move demonstrates Thoma Bravo's strategic intent to deepen its presence in the expanding cybersecurity market and accelerate the global expansion of Darktrace's innovative threat detection and response platform.
Founded in 2013 by senior members of the UK's GCHQ and other intelligence agencies, Darktrace provides AI-powered threat detection and response tailored for enterprise IT environments, email systems, and operational technology (OT) environments. It is known for its platform. With over 2,300 employees and a vast customer base of approximately 9,400 customers, Darktrace has established itself as a prominent player in the cybersecurity space.
The acquisition, announced on Friday, represents a significant premium of 44.3% to the volume-weighted average price per share for the three months ending April 25, 2024, and represents a significant valuation of Darktrace's business. ing. In a statement, Thomas Bravo expressed his confidence in Darktrace's potential and highlighted the company's commitment to invest in and drive Darktrace's global expansion and business scale.
“Thoma Bravo said the acquisition of Darktrace increases its exposure to the large and growing cybersecurity market, accelerates Darktrace’s continued development, and is an investment to further expand the business globally. “We believe this is an attractive opportunity to do so,” the private equity firm said in a statement.
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