Darktrace, the United Kingdom-based cybersecurity powerhouse — with a client list that includes the city of Las Vegas and Airbus — had refused earlier an Thoma Bravo bid.

Cybersecurity giant Darktrace, a UK firm specializing in AI-enabled threat detection, accepted a $5.32 billion bid by US private equity powerhouse Thoma Brava that would take the firm private.

Darktrace Chair Gordon Hurst in a statement suggested that Thoma Bravo’s most recent bid was too sweet to pass up. “The proposed offer represents an attractive premium and an opportunity for shareholders to receive the certainty of a cash consideration at a fair value for their shares,” he said. “The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise.”

Find out what our CEO and Founder, Dr. Chris Pierson, had to say about this topic: https://www.informationweek.com/cyber-resilience/thoma-bravo-s-5b-darktrace-bet-highlights-cyber-s-ai-excitement