Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Upon the close of the transaction, Barracuda will operate as a privately-held company with a continued focus on email security and management, network and application security, and data protection solutions that can be deployed in cloud and hybrid environments. Browse our security and network solutions designed specifically for AWS. Founded in 2003, Barracuda offers a broad suite of cybersecurity solutions across email protection, application security, network security and data protection that can be deployed and managed in both cloud and hybrid environments. Apply to Closer, Junior Account Manager, Software Consultant and more! KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKRs investment funds will purchase Barracuda Networks Inc. (Barracuda or the Company), a leading provider of cloud-first security solutions, from Thoma Bravo, a leading software investment firm. We will continue Barracudas tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers, said BJ Jenkins, chief executive officer of Barracuda. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Essay About Barracuda Consider Acquisition And Clearer Picture Barracuda Networks - Wikipedia Barracuda is the digital marketing agency that can help you surface real value We're a London based digital marketing agency Based out of Waterloo in London, we're an independent digital marketing agency all about delivering value to our clients. I expect that our employees, customers, and partners will benefit from this partnership., Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment, saidSeth Boro, a managing partner at Thoma Bravo. Barracuda has exchanged one private equity owner for another. All forward-looking statements speak only as of the date they are made. CAMPBELL, Calif., July 13, 2021 Barracuda Networks, Inc., a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and How to Install the Barracuda Network Access/VPN Client for Windows Barracuda | LinkedIn View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. KKR buys Barracuda Networks from private equity firm Thoma Bravo. KKR Completes Acquisition of Barracuda from Thoma Bravo Copy link. Barracuda considers acquisition as its preferred mode of entry into furniture to ensure the immediate market presence in the furniture business and also to emphasize on the business diversification strategy. Facebook. These forward-looking statements should not be relied upon as representing Barracuda's views as of any date subsequent to the date of this press release. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The ION/MarketFactory Merger, Implications for FX Market - Greenwich Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Salahuddin Shaik - Senior Talent Acquisition Manager - CEEMEA - Midis Security business Barracuda Networks acquired for $1.6 billion All Rights Reserved. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. Participants in the SolicitationThe Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the transaction. CAMPBELL, Calif., July 13, 2021 /PRNewswire/ -- Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its. "Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market. [] Security business Barracuda Networks acquired for $1.6 billion. This press release features multimedia. Getting started is easy. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. That deal surfaced in July 2021. Barracuda to Acquire Intronis, Inc | Barracuda MSP We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. in an all-cash transaction valued at$1.6 billion. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY -based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. 408-813-7762 J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Protect your business and users from ransomware attacks in three easy steps. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. Supported by our Lead . Barracuda completes acquisition of SKOUT Cybersecurity - PR Newswire KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Deploy simple and scalable security with no software or hardware to install. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. I expect a mix of business as usual and positive change in the same way partners saw positive change when we were acquired by Thoma, he indicated Our relationship with our partners has always been critical, and that will not change. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. KKR Completes Acquisition of Barracuda from Thoma Bravo - Yahoo! Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. Financial terms were not disclosed. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. To the extent the Company's directors and executive officers' holdings of the Company's securities have changed since the amounts printed in the Company's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Email. "We believe that with the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracudas security platform, which helps customers protect and manage their networks, applications, and data. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. For more information, visit barracuda.com. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. Learn how to protect your organization from all 13 types of email attacks. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. THREAT PREVENTION Spam, Malware, and Advanced Threat Protection Phishing and Impersonation Protection Account Takeover Protection Domain Fraud Protection Web Security Zero Trust Access for Microsoft 365 Learn how Barracuda can help. At Barracuda we strive to make the world a safer place. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Barracuda went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. Thoma Bravo Completes Acquisition of Barracuda The Company focuses on serving small and medium sized enterprises (SMEs) and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing. The Barracuda acquisition may not have been threatening to ION per se, but it might have alerted them to the utility of acquisitions in the sector, and in particular in the connectivity and integration section of the market. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Shareholders to Receive $27.55 per Share in Cash. Click Next to continue. Participants in the Solicitation The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the transaction. CAMPBELL, Calif.Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled security and data protection solutions, today announced that it has entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC. ", "We are proud to have supported Barracuda to innovate and grow its security solutions portfolio, expand its customer base and achieve considerable operational improvements and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. from 8 AM - 9 PM ET. Mar 2021 - Present2 years 1 month. CAMPBELL, Calif., Nov. 27, 2017 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA ), a leading provider of cloud-enabled security and data protection solutions, today announced that it has. Protect patient data and avoid disruptions that could affect patient care. At Barracuda we strive to make the world a safer place. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. We will continue Barracuda's tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers," said BJ Jenkins, chief executive officer of Barracuda. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. BARRACUDA ACQUISITIONCO, INC. Barracuda anticipates that subsequent events and developments will cause its views to change. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. Or call us now at Select your mail server* Office 365 Microsoft Exchange Other SMTP Mail Server Email* Phone* First Name* Last Name* Company Name* Country* State/Province* Zip/Postal Code* For more information, visit www.thomabravo.com. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. Your email address will not be published. The transaction is anticipated to close by the end of the year, subject to customary conditions. Barracuda completes acquisition of SKOUT Cybersecurity Required fields are marked *. Thoma Bravo to Acquire ABC Financial Services, Inc. For additional information, please visitbarracuda.com. Past performance is not necessarily indicative of future results. Facsimile: +1 (212) 750-0003 Your email address will not be published. NEW YORK & SAN FRANCISCO, April 12, 2022--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKRs investment funds will purchase Barracuda Networks Inc. ("Barracuda" or "the Company"), a leading provider of cloud-first security solutions, from Thoma Bravo, a leading software investment firm. e-mail. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Promptly after filing its definitive proxy statement with the Securities and Exchange Commission (the "SEC"), the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the merger. Notify me of followup comments via e-mail. - Collaborate with . CAMPBELL, Calif. Thoma Bravo, LLC ., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc ., a leading provider of cloud-enabled security and data protection solutions, in an all-cash transaction valued at $1.6 billion. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. Megan Frank We see a tremendous opportunity for long-term growth as these businesses continue to invest more in cybersecurity and we look forward to helping Barracuda scale and deliver next generation products that meet this growing need., Over the course of Thoma Bravos four-year partnership, Barracuda has solidified its position as an industry leader in cloud-first cybersecurity software, said Seth Boro, a Managing Partner at Thoma Bravo. . But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. Spam, Malware, and Advanced Threat Protection, Email Encryption and Data Loss Prevention, Accelerate and secure cloud migrations with, Boost application performance and reduce costs with, Simplify and secure remote access by enabling Zero Trust for any device with, Secure your internet-connected devices with. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The Company focuses on serving small and medium sized enterprises (SMEs) and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing. On 2/28/23 MICC West Point issued Sources Sought W911SD23R0994 for Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements due 3/6/23 Terms of the deal were not disclosed, as Barracuda is a private company. Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market.. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Barracuda completes acquisition of SKOUT Cybersecurity Barracuda has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service. Barracuda Offers Backup, Services With BitLeap Acquisition Barracuda execs say that the BitLeap acquisition fits into the company's existing business model and SMB target market segment as it continues its current expansion into the storage arena . Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i)the risk that the transaction may not be consummated in a timely manner, if at all; (ii)the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii)the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv)risks related to the diversion of management's attention from the Company's ongoing business operations; (v)risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi)the effect of the announcement of the transaction on the Company's business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii)risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. [33] Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn We want to do it in a way that will be of advantage to all.. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. La reprise se fera sur un produit usag quivalent au produit achet (en termes de fonction et de volume), sur rendez-vous auprs de notre service client. Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market., Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges, said Bradley Brown, Managing Director at KKR. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. For Thoma Bravo Matthew Gorton Hiltzik Media Strategies +1 212-776-1161 [emailprotected], For Barracuda MC Petermann +1 404-307-6290 [emailprotected], Maria Riley +1 415-217-7722 [emailprotected], Cision Distribution 888-776-0942 Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Barracuda generates more than $500 million in annual revenue, the buyer indicated. For more information, visit www.barracuda.com. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Saab AB - Wikipedia Barracuda Networks, a trusted partner and leading provider of cloud-enabled security solutions, announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service. It has also made a series of acquisitions, including buying extended detection and response. While Barracuda's acquisition in 2013 by Thoma Bravo helped the company a lot in transforming itself into a cloud-first company with a modern comprehensive portfolio, they think KKR is even better situated to Barracuda's current stage of the growth cycle. "We believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the company's partner in the next phase of its growth.". The proposed transaction is expected to close before Barracuda's fiscal year end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Come Join Our Passionate Team! Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. ", "We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space," said John Park, Head of Americas Technology Private Equity at KKR. Get SaaS backup for your Microsoft 365 data with unlimited storage. Brazil, Peru and Chile were less targeted. On 11February . PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in Get WAF protection in minutes with our application security service. Weve been thrilled with the team we got with that. Managed detection and response [MDR] extended detection and response [XDR], and secure access service edge [SASE] technology will be the focus of these acquisition efforts going forward. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. Promptly after filing its definitive proxy statement with the Securities and Exchange Commission (the SEC), the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the merger. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. This book was released on 1997 with total page 268 pages. We look forward to watching Barracudas continued success.. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Protect your customers and brand from advanced cyber threats. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking statements, including, but not limited to, statements regarding the potential timing and benefits of a transaction, the value and effectiveness of Barracudas products, the introduction and timing of product enhancements or additional products, Barracudas growth, expansion and market leadership and the expected completion and timing of the acquisition transaction and other information relating to the transaction, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause the actual results to differ materially from those expressed or implied by such forward-looking statements. Sheppard Mullin Advises SKOUT Cybersecurity in Acquisition by Barracuda Networks 07.01.2021 Sheppard Mullin represented SKOUT Cybersecurity, a leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service, in its The Managed Workplace acquisition is part of a larger MSP-centric partner strategy that extends all the from Barracuda CEO BJ Jenkins' office to the company's boardroom, ChannelE2E believes. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. Check out our security products for Google Cloud Platform. Now we are out of that transformation and into a growth phase. jelam@barracuda.com, For KKR: During Thoma Bravos ownership, Barracuda expanded and enhanced its product suite, implemented best-in-class operational processes and successfully executed a number of strategic acquisitions, which together propelled the Company to profitable and accelerating growth at over $500mm of revenue and enabled more customers to comprehensively protect their employees, applications, networks and data. Additional Information and Where to Find ItIn connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. At Barracuda we strive to make the world a safer place. One change that will take place will be the introduction of KKRs broad-based employee ownership program, which is based on the belief that employee engagement is a key driver in building stronger companies. KKR will provide resources and expertise to further accelerate the Companys growth and support its strategic expansion in key areas, including managed detection and response, extended detection and response, and secure access service edge technology.
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