Darktrace To Acquire Cado Security, Boosting Cloud Threat Investigation
Summary
The deal for the startup comes after private equity firm Thoma Bravo completed its $5.3 billion acquisition of Darktrace in October. In a news release Thursday, Darktrace said it expects to continue investing in Cado’s existing products once the deal closes. The cybersecurity vendor also plans to integrate Cado’s forensic investigation technology with its ActiveAI Security Platform, ultimately “enhancing data collection across multiple cloud environments,” Darktrace said in the release. The deal for the startup comes after private equity firm Thoma Bravo completed its $5.3 billion acquisition of Darktrace in October. The moves follow 2024’s surge of M&A activity in the cybersecurity market, amid growing customer demand for unified security platforms as well as budgetary and staffing considerations.
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