Cybersecurity firm Darktrace today announced plans to acquire Cado Security, a UK-based cyber investigation and response solution provider for the hybrid and multi-cloud world. Cado Security delivers broad support across multi-cloud, container, serverless, SaaS, and on-premises environments, eliminating blind spots in incident response.
Focused on cloud data capture and forensics, Cado examines the intricacies of nearly any system, capturing a snapshot of data stored on the device and then conducting forensic investigations to uncover signs of compromise or threats.
Cado was founded by James Campbell, CEO, and Chris Doman, CTO. Prior to founding Cado, James served as a Director at PwC building the Cyber Incident Response service.
James’s background also includes a career in intelligence, previously leading Australia’s National Incident Response capability as the Assistant Director of Operations at the Australian Signals Directorate. Chris is well known for building the popular threat intelligence portal ThreatCrowd, which then merged into the AlienVault Open Threat Exchange, and was subsequently acquired by AT&T.
Founded in 2013, Darktrace provides the essential cybersecurity platform protecting organisations from unknown threats using its proprietary AI that learns from the unique patterns of life for each customer in real-time.
Breakthrough innovations from its R&D teams have resulted in over 200 patent applications filed. Darktrace’s platform and services are supported by over 2,400 employees around the world who protect nearly 10,000 customers across all major industries globally.
The proposed acquisition represents Darktrace’s continued investment in its cloud capabilities, following the successful launch of Darktrace / CLOUD™ for AWS in October 2023 and its expansion to Microsoft Azure in October 2024.
Darktrace plans to accelerate the growth of Cado’s existing products through investment while combining Cado’s forensic investigation technology with Darktrace’s existing ActiveAI Security Platform. enhancing data collection across multiple cloud environments to better defend customers’ operations.
Darktrace was acquired by Thoma Bravo in October 2024 and highlights both Darktrace and Thoma Bravo’s commitment to accelerating Darktrace’s growth through the development of AI-augmented cyber solutions for its customers.
Jill Popelka, Darktrace CEO, shared:
“The addition of Cado’s deep expertise in cloud-based data collection and forensics will enhance our ability to protect customers, ensuring they can operate securely and confidently across all areas of their business.
Together, Darktrace and Cado will help customers quickly and effectively prevent and deter cyber threats, maintaining resilience in a fast-evolving threat landscape.”
Cado Security Co-Founder and CEO James Campbell, commented:
“Darktrace is an excellent fit for Cado, providing an opportunity for growth and innovation while allowing our team to advance their careers within a dynamic company deeply committed to R&D and to protecting its customers from growing cyber threats.”
Cado’s R&D teams in London and Bristol will work alongside Darktrace’s established R&D centres in Cambridge, UK and The Hague, Netherlands to drive further innovation in Darktrace’s Cloud Detection and Response capabilities.
The acquisition is subject to receipt of regulatory approval and is expected to be completed in February.
Lead image: Freepik.
