September 11, 2024 at 12:19PM Darktrace plc announces the departure of CEO Poppy Gustafsson and the appointment of COO Jill Popelka as her successor. Jill brings extensive experience in technology businesses and joined Darktrace as a Non-Executive Director in January 2024. The acquisition of Darktrace by Thoma Bravo is progressing, with the closing expected after … Read more
August 20, 2024 at 03:55PM Tech entrepreneur Mike Lynch, co-founder of Darktrace and Autonomy, is one of six presumed dead after the superyacht, Bayesian, sank off the coast of Sicily during a storm. 15 of the 22 people on board have been rescued, while Lynch, his daughter, and others remain missing. Darktrace was sold to … Read more
May 15, 2024 at 02:06PM LogRhythm, owned by Thoma Bravo, plans to merge with rival Exabeam in a significant development in the SIEM landscape. The financial terms were not disclosed, but Exabeam’s recent valuation was $2.5 billion. The merged entity aims to leverage AI-driven security operations and bring enhanced R&D investments, product innovation, and expanded … 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