Hstoday Cybersecurity Firm Darktrace Agrees $5.3bn Sale to U.S. Private Equity Business – HS Today – HSToday

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The Cambridge-based cybersecurity and artificial intelligence company Darktrace is likely to become the latest British technology champion to be swallowed up by a US suitor, after it agreed a $5.3bn (£4.2bn) sale to US private equity business Thoma Bravo.

Darktrace, whose co-founding investor Mike Lynch is now on trial for fraud and conspiracy in the US, agreed to an offer 44% higher than its average share price over the past three months.

Announcing the deal, the company fired a Parthian shot at the under-pressure London stock market, saying its technology, described as “cutting edge” by Thoma Bravo, had been undervalued.

Read the rest of the story at The Guardian, here.

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The Government Technology & Services Coalition’s Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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