October 21, 2024 at 05:43PM British security company Sophos plans to acquire competitor Secureworks for $859 million, boosting Secureworks’ stock price by 28%. The deal, pending regulatory approval, aims to enhance Sophos’ cybersecurity offerings. Thoma Bravo, Sophos’ owner, has a history of acquiring security firms, underscoring its growing influence in the cybersecurity market. ### Meeting … Read more
August 7, 2024 at 06:15AM Swiss disaster recovery and cybersecurity firm, Acronis, has been majority acquired by Europe’s largest private equity firm, EQT. Acronis’s CEO, Ezequiel Steiner, expressed enthusiasm about this partnership and acknowledged existing investors. The deal is estimated at $3.5 billion, with the transaction expected to close in Q1 or Q2 2025. Co-founders … Read more
May 28, 2024 at 08:51AM Hg, a UK-based private equity company, has acquired AuditBoard for over $3 billion and invested $111 million in it. AuditBoard offers a platform for streamlining audits, compliance, risk detection, and ESG monitoring, with a claimed annual recurring revenue exceeding $200 million and over 2,000 customers. The acquisition reflects a long-term … Read more
May 6, 2024 at 11:09AM Synopsys is selling its Software Integrity Group to private equity firms Clearlake Capital and Francisco Partners in a $2.1 billion deal. The business will become an independent application security testing software provider with the existing management team leading the new company. Synopsys plans to focus on its core design and … Read more
May 6, 2024 at 05:04AM Permira has agreed to acquire a majority stake in BioCatch, a digital fraud detection and financial crime prevention company, through its Growth Opportunities II fund. The deal involves acquiring shares from Bain Capital Tech Opportunities and Maverick Ventures, raising BioCatch’s enterprise valuation to $1.3 billion. BioCatch, founded in 2011, uses … Read more
April 26, 2024 at 12:06PM Thoma Bravo completes a $5.3 billion acquisition of UK-based cybersecurity company Darktrace, which saw its share price plummet due to a failed deal and accounting fraud allegations. The private equity firm plans to take Darktrace private, citing its strong financials and innovative cybersecurity AI. The move raises concerns about UK … Read more
April 26, 2024 at 08:25AM UK cybersecurity firm Darktrace has been acquired by private equity firm Thoma Bravo for approximately $5.32 million in cash. Founded in 2013, Darktrace offers AI-powered threat detection and response platforms for enterprise IT, email, and operational technology environments. The acquisition represents a 44.3% premium and aims to accelerate Darktrace’s global … Read more