Cybersecurity provider Darktrace to be acquired by Thoma Bravo for $5.3B
Summary
Darktrace plc, a major provider of cybersecurity software for enterprises, today announced that it has agreed to be acquired by Thoma Bravo in a $5.3 billion transaction. Thoma Bravo says KKR and other shareholders with a combined 14.4% stake in the software maker have agreed to back the transaction. Cybersecurity teams can use that data to inform their breach remediation efforts, as well as identify ways of improving their company’s incident response workflows. This financial momentum, which Darktrace partly credited to a recent revamp of its go-to-market strategy, likely contributed to the 20% premium Thoma Bravo has offered for its shares. Thoma Bravo added that it will use its “M&A expertise to grow” the company’s cybersecurity platform, which suggests that it plans to enhance the software through acquisitions.
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