Darktrace Acquires Cado Security

Darktrace, a British cybersecurity firm specializing in AI-driven solutions, has announced its proposed acquisition of Cado Security, a UK-based company known for its cloud investigation and response capabilities. This move marks Darktrace's second acquisition and aligns with its strategy to enhance research and development, particularly in cloud-native forensic data collection.

The Times

Cado Security, co-founded by James Campbell and Chris Dorman, specializes in capturing data from cloud networks for cybersecurity investigations. The acquisition is pending regulatory approval, with completion expected in February. Upon finalization, Campbell, Dorman, and their team of 45 employees are anticipated to join Darktrace.

The Times

This acquisition follows Darktrace's privatization by American private equity firm Thoma Bravo in October 2024, a deal valued at approximately $5.3 billion. Thoma Bravo's investment aims to support Darktrace's growth, particularly in research and development, to maintain its position at the forefront of cybersecurity technology.

Thoma Bravo

Phil Pearson, Darktrace's Chief Strategy Officer, indicated that the company plans to become more acquisitive, focusing on integrating advanced technologies to enhance its AI capabilities and cybersecurity solutions.

The Times