Thoma Bravo considering cash offer for Darktrace

British cybersecurity firm Darktrace is reportedly considering a cash offer from technology investment firm Thoma Bravo, Reuters wrote.

According to Darktrace, discussions were still in their infancy, with no certainty of an offer.

Neither Darktrace nor Thoma Bravo responded to a request for comment from PYMNTS.

According to the report, Thoma Bravo has until September 12 to announce his firm intention to make an offer or to decline one, in accordance with the City Code on Takeovers and Mergers.

Thoma Bravo recently made other acquisitions, including the purchase of identity security platform Ping Identity for around $2.4 billion, PYMNTS wrote.

Read more: Thoma Bravo completes $2.4 billion acquisition deal for Ping Identity

“This compelling transaction is a testament to Ping Identity’s leading enterprise identity solutions, our talented team, and our exceptional customers and partners,” said Ping Identity CEO Andre Durand, adding that new things are needed now. in the digital economy, including identity security. and frictionless user experiences.

He said Ping Identity “is better positioned than ever to capitalize on the growing demand from modern enterprises for robust security solutions.”

Ping Identity’s authentication and security services are used by large companies like Chevro and HP.

This will see Thoma Bravo expand its investments in cybersecurity, after the company also bought Sophos, Proofpoint and SailPoint Technologies.

Thoma Bravo bought SailPoint for $6.9 billion, and also bought fintech Bottomline Technologies in May for $2.6 billion.

By acquiring Ping Identity, Thoma Bravo is likely planning to complement its other recent acquisitions.

Rudy Kessenger, an analyst at DA Davidson, said the many companies that Thoma Bravo has bought could all be “assembled as an all-in-one identity platform at some point.”

Ping was founded in 2002 and is headquartered in Denver, Colorado. The company provides cloud-based identity security solutions. Thoma Bravo was founded in 2008 and is based in Chicago.



About: Results from PYMNTS’ new study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, UK and USA. and showed strong demand for one super multi-functional app rather than using dozens of individual apps.

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