mynth
07/2025

Mira Security acquired by Darktrace

SOUTH AFRICA IT Services / Consulting & Integration / Cybersecurity Services REV 1m USD - 100m USD

Context

Driven by the widespread adoption of encrypted network protocols and stringent regulatory requirements, the transaction sees Darktrace, a cybersecurity company backed by private equity firm Thoma Bravo, complete the strategic acquisition of Mira Security. This corporate combination builds upon an established technological partnership between both organizations and aligns with an ongoing expansion program that previously included the acquisition of cloud security specialist Cado Security. The transaction aims to embed Mira Security's inline decryption and traffic visibility capabilities into the Darktrace Network platform, providing enterprise clients across regulated verticals such as financial services, government entities, and critical infrastructure with comprehensive data inspection across hybrid and cloud infrastructures. Operationally, Mira Security's engineering talent located in Centurion, South Africa, and the United States will integrate into Darktrace's global research and development division, contributing specialized engineering expertise in low-level networking firmware, protocol architecture, and hardware acceleration interfaces capable of handling large-scale data ingestion. This transaction allows Darktrace to supply richer contextual data to its core artificial intelligence analysis engines while maintaining ongoing operational support for Mira Security's existing partner ecosystem and international customer accounts.

Mira Security, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

From South Africa and the United States, Mira Security provides specialized software solutions designed to deliver visibility into encrypted network traffic. Founded and led by Niel Viljoen, the company develops inline decryption technologies and hardware acceleration software aimed at inspecting data streams while limiting operational latency across complex networks. Its toolsets and dedicated firmware allow organizations to examine low-level communication protocols and identify potential vulnerabilities across on-premises, cloud, and hybrid digital environments. The company primarily addresses enterprises operating within heavily regulated segments, including financial institutions, government organizations, and critical infrastructure operators that require deep traffic inspection without altering existing infrastructure foundations. Operating through software integrations and OEM technology alignments, Mira Security delivers its capabilities directly alongside enterprise network systems and monitoring stacks.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: mira security

Acquirer: darktrace