Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal [TechCrunch]
Model N, Inc. (MODN)
Last model n, inc. earnings: 2/4 04:15 pm
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Source: TechCrunch
A newly-formed entity called Luke Bidco Ltd, formed by private equity giant Thoma Bravo, has tabled an all-cash bid of £6.20 ($7.75) per share, which represents a 44% premium on its average price for the three-month period ending April 25. However, this premium drops to just 20 percent when juxtaposed against Darktrace's closing price yesterday, as the company's shares had risen 20% to £5.18 in the past month. Founded out of Cambridge, U.K., in 2013, Darktrace is best known for AI-enabled threat detection smarts, using machine learning to identify abnormal network activity and attempts at ransomware attacks, insider attacks, data breaches, and more. The company claims big-name customers including Allianz, Airbus, and the City of Las Vegas. After raising some $230 million in VC funding and hitting a private valuation of $1.65 billion , Darktrace went public on the London Stock Exchange in April, 2021, with an opening-day valuation of $2.4 billion . Its shares hit an all-time high
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MODN
News
- Model N, Inc. (NYSE: MODN) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Here's What Key Metrics Tell Us About Model N (MODN) Q2 Earnings [Yahoo! Finance]Yahoo! Finance
- Model N Announces Second Quarter Fiscal Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Model N Announces Second Quarter Fiscal Year 2024 Financial ResultsBusiness Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MODN, WIRE, INRDGlobeNewswire
MODN
Earnings
- 5/6/24 - Miss
MODN
Sec Filings
- 5/6/24 - Form 8-K
- 5/3/24 - Form PREM14A
- 4/22/24 - Form DEFA14A
- MODN's page on the SEC website