In any case, observers have suggested other reasons behind Thoma Bravo's decision to pull out.
"For investors with long memories, this is par for the course – and they will remember that Micro Focus had the same thing happen a number of years ago. The only rational explanation is that Thoma walked away because they couldn't get to the price that they wanted," Goodbody analyst George O'Connor said in a client note.climbing 40 percent on its London Stock Exchange debut after an opening valuation of £1.7bn.
Darktrace has built something it calls an"enterprise immune system," which it says uses machine learning to identify and respond to security threats and incidents across cloud, IoT, virtualized networks, and industrial control systems.. He is set to face criminal charges over the sale of Autonomy to Hewlett-Packard in 2011 for $11 billion.The Cambridge-based business was founded in 2013 by former Autonomy exec Poppy Gustafsson, now CEO, and members of the intelligence agencies.
The collapse of the Darktrace private equity sale adds the outfit to a list of companies concerning for those interested in the UK tech market's wellbeing. Canadian software company OpenText is buying Micro Focus in a deal worth around $6 billion; software company NortonLifeLock purchased Avast; and France's Schneider Electric is said to be interested in industrial software developer Aveva Group.