Darktrace Share Discussion Threads

[koti4] 09/5/2024 12:06

Certainly is upbeat about his new role

Speaking about his new role, Richard added “Device Authority is at an incredibly exciting point in its growth journey with innovative, breakthrough technology that is supporting a host of global enterprises to optimise their connected operations. I am looking forward to helping to grow and evolve their existing products as well as plan and develop new innovations to continue to stay at the cutting-edge of IoT security.”

[koti4] 09/5/2024 12:05

Serious appointment at Device Authority backed by 10/11 (and TERN plc) who were seed investors in DARK, next IOT superstar in the making??

Device Authority, an award-winning and recognized global leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems has appointed Richard Seward as Vice President of Product Management to drive forward the company’s growing portfolio of innovative products under its KeyScaler platform.

Seward has over 15 years’ experience in the field, from Product Manager for the Mobile Device Management program at Vodafone through to Product Manager in Search at Google as well as being VP Engineering at IOT platform EVRYTHNG which was acquired by Digimarc.

Seward has over 15 years’ experience in the field, from Product Manager for the Mobile Device Management program at Vodafone through to Product Manager in Search at Google, and platform Product Manager at Meta. Outside of this area, Seward has founded and led his own start-up and served as VP Engineering at IOT platform EVRYTHNG which was acquired by Digimarc.

His role at Device Authority will see him working with the company’s innovative KeyScaler Central, KeyScaler Edge and KeyScaler AI products, ensuring they evolve as safe, relevant and market leading products that satisfy real customer needs and are in demand . He will work closely with customers and strategic partners as well as with the company’s established Engineering and Product Marketing teams to define and deliver a product roadmap that continues to lead the industry in meeting market requirements.

Commenting on his appointment, Device Authority CEO Darron Antill said, “We have achieved great success with our existing product portfolio and they continue to be recognised by analysts, partners and customers alike as leading the way in tackling the emerging problems that are facing organizations wanting to capitalise on the benefits of connected devices and operations. As we continue to innovate, it is vital that our roadmap remains aligned to the market and our customers and having someone with such significant experience as Richard to take lead this strategy will be a significant benefit to our business.

“His role will work closely with almost every team in the business in order to ensure our products are the best that they can be and we are excited to welcome him to the team.”

Speaking about his new role, Richard added “Device Authority is at an incredibly exciting point in its growth journey with innovative, breakthrough technology that is supporting a host of global enterprises to optimise their connected operations. I am looking forward to helping to grow and evolve their existing products as well as plan and develop new innovations to continue to stay at the cutting-edge of IoT security.”

[buoycat] 28/4/2024 17:41

Not really a ramp. It comes with no recommendation. Unlike your post!

[sikhthetech] 28/4/2024 16:40

Mike Lynch's association with DARK and some of the directors who previously worked with him at Autonomy was always going to be a hinderance.


I see Mike Lynch is going to pocket £300m even whilst he's on trial in US charge with a huge multi billion $ fraud.




One of his other ventures Blnx (renamed rthm then part of trmr, now called nexn) also suffered from fraud allegations. Blnx shareholders are down 90% on that one.

[dan_the_epic] 28/4/2024 16:03

Shameless ramp, get out of here you spiney animal

Newmark Security is a piece of micro cap junk

[hedgehog 100] 28/4/2024 15:17

Well done to DARK shareholders on your company getting taken over at a significant premium.


For those looking for a replacement home for their monies, then the following tech security play with strong US exposure may be of interest:-

Newmark Security (NWT), current share price 85p, market cap. £7.97M.:-

"Newmark Security in 2023: A Transformed Tech & USA Success Story"



From the bar graph on page 12 of NWT's annual report & accounts for the year ended 30.4.22:-
"Five years of consecutive revenue growth:
HCM in North America: £m"
2017: £0.9M.
2018: £1.2M.
2019: £4.0M.
2020: £5.9M.
2021: £6.5M.
2022: £8.7M.




Newmark Security (NWT):-

[j777j] 28/4/2024 11:45

Oh well then lets read what Panmure Gordon had to say

Panmure Gordon analyst Harvey Robinson said the price did not reflect any significant synergies, and it could trigger interest from a trade buyer such as Palo Alto


Woof Woof

[dan_the_epic] 28/4/2024 11:32

More fool you if you think Jefferies are worth listening to

[j777j] 28/4/2024 11:23

Even being generous the Ceo has undersold the co by almost 50% being the most recent valuation from Jefferies.

The woman should be ashamed of herself and fired immediately


The last the the London stock market needs is Ceo's saying they are committed to London and to then sell out to PE on the cheap


Poppy is a disgrace!

[dan_the_epic] 28/4/2024 09:34

Based on your posting history, it seems like you own or owned shares in Chill Brands, so your investing opinion is unfortunately worthless

[j777j] 28/4/2024 05:32

Its disgusting.She should be fired.If she is not capable of realising shareholder value she has failed.All she has done is feather her nest with tens of million in "sweeteners" from the bidder.How is that serving the interests of shareholders?

[molatovkid] 27/4/2024 21:16

Does make you wonder in whose best interest these takeovers are about. Managers cash in and keep well paid jobs post takeover.

[j777j] 27/4/2024 15:36

Poppy should be fired for selling out for peanuts and receiving tens of millions of pounds.This is so not over yet.

[homtanks] 26/4/2024 17:42

1011 the VC investors in Dark Trace have in recent months bought into Device Authority an investee of Tern plc (TERN) might be worth a look for the next cyber security opportunity.

[quepassa] 26/4/2024 17:38

Palantir

NYSE:PLTR

[rimau1] 26/4/2024 17:00

Interesting weekend ahead hopefully, maybe Darktrace have gone fishing

[apotheki] 26/4/2024 16:25

Darktrace specifically referenced its belief that it is undervalued in the U.K. as a reason for the sale. In a statement, it said its board believes the firm’s operational and financial “achievements” are not reflected in its valuation and that shares are trading “at a significant discount to its global peer group.

[foreverbull] 26/4/2024 16:24

Agreed... if there's no counter bid then Thoma Brava are getting DT for an absolute bargain.

[rimau1] 26/4/2024 16:14

KKR must be gutted having sold 19m shares a few weeks back...My bet is on a counter bid stateside. The valuation is still wrong.

[apotheki] 26/4/2024 15:55

British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million.

Investors are set to receive $7.75 in cash for each share held, under the terms recommended by the board.

Its move private will be seen as a major blow to the London Stock Exchange, where it listed in 2021. The company was seen as a welcome dynamic addition to a market often characterized as less appealing to technology firms than those in the U.S. or Asia, and stacked with “old economy” players, such as miners and oil and gas companies.

Darktrace specifically referenced its belief that it is undervalued in the U.K. as a reason for the sale. In a statement, it said its board believes the firm’s operational and financial “achievements” are not reflected in its valuation and that shares are trading “at a significant discount to its global peer group.”

Darktrace was founded in 2013 and is based in the U.K. city of Cambridge, which has attracted a cluster of tech firms over the last decade. It specializes in artificial intelligence-based protection against cloud attacks for large companies and events, and has roughly 2,300 employees based worldwide.

Thoma Bravo said the acquisiton would increase its exposure to the large and growing cybersecurity market, and that its investment in Darktrace would help scale the business globally.

The deal represents a 44.3% premium to the average volume-weighted Darktrace share price in the three months to April 25, according to the release.

[johnyee 7] 26/4/2024 15:12

Anyone had a look at Narf? John Herring is a director and shareholder. Unnoticed cyber security company with mostly US government contracts

[apotheki] 26/4/2024 14:55

Compared to its American peers LSE:DARK are completely and utterly undervalued. In my view the shares should be trading at 1000p+

[apotheki] 26/4/2024 14:53

Got to potentially be a decent chance of at least one counter bid!?!?!

[foreverbull] 26/4/2024 14:05

If Crowdstrike aspires to join the $1 trillion club then they can do so by M&A route i.e. acquiring companies like DT.