Thoma Bravo to Buy UK s Darktrace for About $5 32 Billion usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group s "capability in artificial intelligence". "Darktrace is at the very cutting edge of cybersecurity technology, and we have long been admirers of its platform and capability in artificial intelligence," Thoma Bravo partner Andrew Almeida said in a statement.
Darktrace chief executive Poppy Gustafsson said the group s "technology has never been more relevant in a world increasingly threatened by AI-powered cyberattacks".
By Paul Sandle LONDON (Reuters) -Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for about $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at the Mike Lynch-backed cybersecurity specialist. .