Aerial imagery company Nearmap has agreed for an A$1.06 billion ($728.5 million) offer from US private equity firm Thoma Bravo.
The A$2.10-per-share offer received last month represented a premium of nearly 39 percent to the stock’s closing price on Aug. 12, a day before the offer was disclosed.
Thoma Bravo, whose assets under management total more than $114 billion, has been on a shopping spree for cyber-security firms, with its acquisitions including Sophos, Proofpoint and Sailpoint Technologies.
Earlier this month, Thoma Bravo signed a $2.4 billion deal for software company Ping Identity.
Britain’s Darktrace confirmed last week that it was in the early stages of discussions with Thoma Bravo regarding a possible cash offer.
Nearmap, whose offerings are used in surveillance, conducts aerial surveys that capture wide-scale urban areas in Australia, New Zealand, United States and Canada.