media@kkr.com, For Thoma Bravo: Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. One of our values at Barracuda is to succeed together. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. This press release features multimedia. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. e-mail. Learn how Barracuda can help. At Barracuda we strive to make the world a safer place. 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. San Francisco, CA 94105 +1 (415) 263-3660. Barracuda acquires Skout Cybersecurity to enter the XDR market Il regroupe sous un mme toit tous les services de dentisterie afin de vous accompagner, votre famille et vous, tout au long de votre vie. in an all-cash transaction valued at $1.6 billion. "We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that's purpose-built for highly distributed, diverse cloud and hybrid environments. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: To the extent the Companys directors and executive officers holdings of the Companys securities have changed since the amounts printed in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . Shareholders to Receive $27.55 per Share in Cash. "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. This book was released on 1997 with total page 268 pages. 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey., 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. Supported by our Lead Development team, you will balance receiving . Required fields are marked *. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . More information about Thoma Bravo can be found at www.thomabravo.com. 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. - Collaborate with . The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Megan FrankThoma Bravomfrank@thomabravo.com 212-731-4778, Nicky BryanFinsbury Glover Hering646-436-6126Nicky.bryan@fgh.com, https://www.businesswire.com/news/home/20220412005856/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. Automate security policy compliance in the cloud. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. 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. Copy link. Closer Jobs, Employment in Candlewyck, NJ | Indeed.com Accept the License Agreement, and click Next. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. NEW YORK & SAN FRANCISCO - (BUSINESS WIRE)- KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR's 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. 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. 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. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. The transaction is anticipated to close by the end of the year, subject to customary conditions. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. The sale of the company by Thoma Bravo to KKR means much more than simply changing the name on the front of the cheque, however. For more information, visit barracuda.com. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. All forward-looking statements speak only as of the date they are made. Click Next. Getting started is easy. The company's shares hit a high of around $45 in 2015, and. Teamwork at Barracuda is the key to everything we do and why we succeed. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners., 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. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. - Head Talent Acquisition and recruitment operations for all business units in MENA covering Financial & Risk, Tax & Accounting, Legal, Intellectual Property & Science, Reuters Media and Global Growth Organization. NEW YORK & SAN FRANCISCO- (BUSINESS WIRE)-KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading . The acquisition expands our MSP security offerings with a powerful XDR platform backed by a 24x7 SOC," said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. We feel very strong alignment with this, Naguib indicated. The investment in Barracuda builds upon KKRs experience investing in the cybersecurity sector globally, with investments including Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others. With this acquisition, Barracuda is providing distributed businesses a new way to modernize remote access, enforce global security and access policies and achieve seamless connectivity without . Additional Information and Where to Find It In connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. 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. Barracuda Networks acquires Palo Alto-based Fyde, rolls out cloud Private equity powerhouse KKR is acquiring email security provider Barracuda Networks with plans to "accelerate growth" by further pushing the company into key security markets such as managed . "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. 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 barracuda.substack.com. KKR to buy Barracuda Networks from Thoma Bravo for nearly $4B Scan your Microsoft 365 for sensitive data and malware. 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. That deal surfaced in July 2021. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners., 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. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. While Barracudas 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 Barracudas current stage of the growth cycle. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. Its the same company, he said. We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform thats purpose-built for highly distributed, diverse cloud and hybrid environments. Barracuda values partnership. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. Protect your customers and brand from advanced cyber threats. 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. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Supported by our Lead . Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. Learn how to protect your organization from all 13 types of email attacks. Get WAF protection in minutes with our application security service. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. We look forward to watching Barracudas continued success.. At Barracuda we strive to make the world a safer place. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Julia Kosygina We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. Brazil, Peru and Chile were less targeted. For more information, visit www.thomabravo.com. Get started in minutes. "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 firm has offices in Chicago, Miami and San Francisco. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. The cybersecurity vendor said its proposed purchase . 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. The transaction is expected to close by the end of the year, so obviously nothing will happen until then, but Naguib said that partners shouldnt expect any unpleasant surprises when the deal does go through. The investment in Barracuda builds upon KKRs experience investing in the cybersecurity sector globally, with investments including Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others. No credit card is required. Stop API attacks and improve customer experience. Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc. in an all-cash transaction valued at $1.6 billion. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. Nicky.bryan@fgh.com, Craig Larson NEW YORK & SAN FRANCISCO-- ( BUSINESS WIRE )--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. At Barracuda, we make the world a safer place. | Zdnet Observed Seth Boro, a managing partner at Thoma Bravo: Over the course of Thoma Bravos four-year partnership, Barracuda has solidified its position as an industry leader in cloud-first cybersecurity software. Barracuda Networks - Crunchbase Company Profile & Funding How to Install the Barracuda Network Access/VPN Client for Windows Datto to be Acquired by Kaseya for $6.2 Billion, with Funding Led by 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. 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. 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 Information about the Companys directors and executive officers and their ownership of Company Common Stock is set forth in the proxy statement on Schedule 14A filed with the SEC onJune 28, 2017and the Annual Report on Forms 10-K for the fiscal year endedFebruary 28, 2017. It has also made a series of acquisitions, including buying extended detection and response. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. The firm has offices in Chicago, Miami and San Francisco. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Barracuda | LinkedIn Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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. This press release features multimedia. The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. At Barracuda we strive to make the world a safer place. Practice Manager - Log Home Dental & Caledon East Dentistry "We are excited to complete this transaction and begin working with the Barracuda team to support their continued growth and delivery of next generation cloud-first cybersecurity solutions that protect SMEs from an evolving landscape of threats," said John Park, a Partner at KKR. London Digital Marketing Agency | Barracuda Digital Barracuda Closes Acquisition of SKOUT Cybersecurity