The Darktrace leading to government

British security firm Darktrace has been mired in controversy. Now its former CEO is a government minister. Rois Ni Thuama and Barry Collins investigate

Briefing PC Probe Exclusive investigations into technology practices. Email probe@pcpro.co.uk if you have a story When the American software investment firm Thoma Bravo completed a whopping $5.3 billion takeover of Cambridge-based security firm Darktrace in October, it raised a few eyebrows. Darktrace – co-founded by the entrepreneur Mike Lynch, who died when his yacht sank in a storm off the coast of Sicily in August – was accused of financial irregularities, similar to those that dogged Lynch’s Autonomy. Booking hardware sales as software and using resellers to inflate sales figures were only two of the allegations levelled at Darktrace (tinyurl.com/363darktrace), all of which the company denied. Then its CEO resigned in the middle of the takeover talks, only to become Keir Starmer’s new investment minister a few weeks later. Thoma…

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PC Pro (Digital) - 1 Issue, December 2024

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