RE: LeoThread 2025-01-10 12:00
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Darktrace to enhance cloud cybersecurity with Cado Security acquisition
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Core Acquisition Details
- Darktrace is acquiring Cado Security
- Deal expected to close in February 2025
- Estimated value: $50m-$100m (unofficial)
- Acquisition awaits regulatory approval
- Cado team will join Darktrace's R&D hubs in Cambridge and The Hague
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Strategic Rationale
- Enhances Darktrace's cloud security capabilities
- Responds to increasing organizational migration to cloud platforms
- Strengthens multi-cloud and hybrid cloud security offerings
- Integrates forensic capabilities into Darktrace ActiveAI Security Platform
- Improves data collection and investigation processes
Cado Security Profile
- Specializes in automated incident response
- Provides forensic investigations for:
* Cloud environments
* Serverless systems
* Containerized systems
- Works across multi-cloud and on-premises systems
- Founded by James Campbell and Chris Doman
Leadership Background
- James Campbell: Former lead of Australia's National Incident Response
- Chris Doman: Developer of ThreatCrowd platform
- Jill Popelka: Current Darktrace CEO
- Both founders bring significant cybersecurity expertise
Technical Integration Plans
- Integration with Darktrace ActiveAI Security Platform
- Enhancement of Cyber AI Analyst capabilities
- Improved data collection processes
- Better threat investigation capabilities
- Reduced alert fatigue for security teams
Corporate Context
- Follows Darktrace's acquisition by Thoma Bravo ($5.3bn in October 2024)
- Builds on previous cloud security developments:
* Darktrace/CLOUD for AWS (2023)
* Microsoft Azure expansion (2024)