Darktrace Expands Its Cybersecurity Arsenal with Cado Security Acquisition
Deal News | Jan 10, 2025 | Business Cloud

Darktrace, a leading cybersecurity firm, has announced its first acquisition post its £4.3 billion takeover by US private equity firm Thoma Bravo. The company will be acquiring London-based Cado Security for up to £131 million. Cado Security is a specialist in cloud investigation and response, offering support across a wide array of environments, thereby eliminating blind spots in incident response. Darktrace aims to integrate Cado’s forensic investigation solutions with its own ActiveAI Security Platform. This merger is expected to augment Darktrace's Cyber AI Analyst capabilities, improving data collection for enhanced customer defense operations. Cado's R&D bases in London and Bristol will collaborate with Darktrace’s existing centers in Cambridge and The Hague. The acquisition awaits regulatory approval, with completion expected by February. Founded by James Campbell and Chris Doman, Cado brings significant expertise in cloud forensics, expected to bolster Darktrace's mission to provide robust cybersecurity. The acquisition will enable customers to better manage rapidly evolving cyber threats.
Sectors
- Cybersecurity
- Technology
- Private Equity
Geography
- United Kingdom – Cado Security is based in London and has R&D activities in Bristol; Darktrace has operations in Cambridge, UK.
- United States – Thoma Bravo, the private equity firm that acquired Darktrace, is based in the USA.
- Netherlands – Darktrace has R&D operations in The Hague, which will coordinate with Cado's UK R&D centers.
Industry
- Cybersecurity – The acquisition is directly related to the cybersecurity sector, as both Darktrace and Cado Security are operating within this industry.
- Technology – Both companies work with advanced technologies focusing on cybersecurity solutions, including AI and cloud solutions, aligning them within the broader technology industry.
- Private Equity – Thoma Bravo, a private equity firm, backs Darktrace and influences its strategic acquisition decisions, making private equity a relevant sector.
Financials
- 131 million – The proposed acquisition value of Cado Security by Darktrace.
- 4.3 billion – The amount Thoma Bravo paid in a takeover to acquire Darktrace.
Participants
Name | Role | Type | Description |
---|---|---|---|
Darktrace | Acquiring Company | Company | A cybersecurity company focusing on AI-driven solutions to protect against cyber threats. |
Cado Security | Target Company | Company | A London-based firm specializing in cloud investigation and response technologies. |
Thoma Bravo | Private Equity Firm | Company | A US-based private equity firm that recently acquired Darktrace. |
James Campbell | CEO of Cado Security | People | Co-founder and CEO of Cado Security, with a background in cyber incident response. |
Chris Doman | CTO of Cado Security | People | Co-founder and CTO of Cado Security, known for his work in threat intelligence. |
Jill Popelka | CEO of Darktrace | People | CEO of Darktrace, responsible for overseeing the integration of Cado Security. |