Darktrace to be Taken Private in $5.3 Billion Sale to Thoma Bravo

UK cybersecurity firm Darktace has agreed to sell itself to private equity giant Thoma Bravo for approximately $5.32 million in cash.

UK cybersecurity firm Darktace has agreed to sell itself to private equity giant Thoma Bravo for approximately $5.32 million in cash, the company announced Friday.

Founded in 2013 by senior members of the UK’s GCHQ and other intelligence agencies, Darktrace offers an AI-powered threat detection and response platform designed for enterprise IT environments, email systems, and operational technology (OT) environments.

The company has more than 2,300 employees and approximately 9,400 customers.

The buyout represents a 44.3% premium to the volume-weighted average price per share for the three-month period ended April 25, 2024, the last business day before the acquisition announcement.

The Darktrace Board said it “previously reviewed and rejected unsolicited proposed offers from Thoma Bravo on the basis that they did not fairly ...