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International Business Times

Business

Ben PERRY

Cybersecurity Firm Darktrace Accepts $5 Bn Takeover

Darktrace Thoma Bravo Cybersecurity United States Blackstone Concord

Darktrace chief executive Poppy Gustafsson (L) said the group's 'technology has never been more relevant in a world increasingly threatened by AI-powered cyberattacks' (Credit: AFP)

Cybersecurity firm Darktrace said Friday 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.

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