CEO Poppy Gustafson says Darktrace has more value to bring as an independent company
(Picture: Poppy Gustafsson/Twitter)Bid talks between Cybersecurity specialist Darktrace and private equity firm Thoma Bravo collapsed, sending its shares tumbling by a third and casting further doubt on the City’s credentials for closing major deals in the tech-sector.
The Cambridge-based company is in a red-hot part of the market, using artificial intelligence to prevent web-based attacks. Darktrace’s struggle with its suitor comes as its founder -- the billionaire Mike Lynch -- remains embroiled in acrimony over a previous deal, one of the biggest ever in the sector.
