Darktrace formally completes its acquisition by Thoma Bravo
Cambridge based Darktrace has announced the completion of its acquisition by Thoma Bravo, a software investment firm, for $5.3 billion.
Above: Jill Popelka, who last month took on the role of Darktrace CEO.
Courtesy Darktrace
The recommended cash acquisition was announced on 26th April 2024 and the Scheme of Arrangement has now become effective, 1st October 2024.
Jill Popelka, CEO of Darktrace, said: “Thoma Bravo will be a hugely valuable partner as we pursue further scale and innovation for our next stage of growth. Darktrace’s position at the cutting edge of cybersecurity AI coupled with Thoma Bravo’s deep strategic and sector expertise will be a powerful combination.
"Protecting businesses and organisations with best-in-class AI-powered, proactive cybersecurity will remain at the absolute core of what we do. Together, we can take this even further, investing in our people to enhance our technical capabilities and delivering exceptional service and value for our customers.”
Seth Boro, Managing Partner at Thoma Bravo, said: “Darktrace holds a unique position at the forefront of cybersecurity technology. As one of the early adopters of AI, the value of its capabilities is evident to businesses, governments and society across the world. We are excited to work alongside Jill and the Darktrace team to build on their success, supporting their ambitions to protect the world from the most advanced cyber threats.”
Founded in 2013, Darktrace provides a cybersecurity platform protecting organisations from unknown threats using its proprietary AI that learns from the unique patterns of life for each customer in real-time. The Darktrace ActiveAI Security Platform delivers a proactive approach to cyber resilience with pre-emptive visibility into security posture, real-time threat detection, and autonomous response – securing the business across cloud, email, identities, operational technology, endpoints and network.
Breakthrough innovations from its R&D teams in Cambridge, UK and The Hague, Netherlands, have resulted in over 200 patent applications filed. Darktrace’s platform and services are supported by over 2,400 employees around the world who protect nearly 10,000 customers across all major industries globally.