2 weeks ago
20
LONDON:
Cybersecurity firm
Darktrace on Friday said 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
".
The cash bid comes after Thoma Bravo expressed takeover interest two years ago for Darktrace.
"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.
"The pace of innovation in cybersecurity is accelerating in response to cyber threats that are simultaneously complex, global and sophisticated."
Darktrace chief executive
Poppy Gustafsson
said the group's "technology has never been more relevant in a world increasingly threatened by AI-powered cyberattacks".
English (US)