Your email address will not be published. Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank are also serving as financial advisors to Thoma Bravo, and Kirkland & Ellis LLP is serving as its legal counsel. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. For more information, visit www.barracuda.com. Come Join Our Passionate Team! Protect patient data and avoid disruptions that could affect patient care. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. How to Install the Barracuda Network Access/VPN Client for Windows [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Botes Exhibidores; Llaveros; Anualidades para Equipos. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Barracuda hiring Inside Sales Territory Manager - UK&I in Reading In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Talent Acquisition Manager, MENA. Apply to Closer, Junior Account Manager, Software Consultant and more! 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. KKR feels that the management team has done a phenomenal job. Financial terms of the transaction were not disclosed. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. NEW YORK, NY and SAN FRANCISCO, CA - April 12, 2022 - 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 Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Required fields are marked *. Lead Development Representative Job in Campbell, CA at Barracuda Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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 Agrees To Be Acquired By Thoma Bravo For $1.6 Billion 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* [] Security business Barracuda Networks acquired for $1.6 billion. We look forward to watching Barracudas continued success.. Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank are also serving as financial advisors to Thoma Bravo, and Kirkland & Ellis LLP is serving as its legal counsel. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Julia Kosygina The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008. One of our values at Barracuda is to succeed together. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Concluded Chip Virnig, a partner at Thoma Bravo: 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. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. 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. Get started in minutes. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . We look forward to watching Barracudas continued success.. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. 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 . Financial services are a prime target for cyber attacks. 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. Barracuda Networks acquires Palo Alto-based Fyde, rolls out cloud Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Cautionary Statement Regarding Forward-Looking Statements This 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 Barracuda's products, the introduction and timing of product enhancements or additional products, Barracuda's 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. Get security and networking solutions that are deployed natively in Microsoft Azure. 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. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Explore how Barracuda protects state and local government websites and data. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition We are in a very dynamic business. Shareholders to Receive $27.55 per Share in Cash. 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. "With this acquisition, Barracuda is providing distributed businesses a new way to modernise remote access, enforce global security and access policies, and achieve seamless connectivity without . Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. | Zdnet SKOUT is based in Melville, NY. Barracuda Completes Acquisition of SKOUT Cybersecurity 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. Check out our security products for Google Cloud Platform. Broadway Acquires Barracuda FX, Strengthens Senior FX Team Stop API attacks and improve customer experience. ", "Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment," said Seth Boro, a managing partner at Thoma Bravo. KKR Completes Acquisition of Barracuda from Thoma Bravo - Yahoo! This book was released on 1997 with total page 268 pages. This price exceeds Barracudas 52-week high and represents a premium of 22.5 percent to the Companys 10-day average stock price prior toNov. 27, 2017, of$22.49. Telephone: +1 (877) 610-4910 The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. Thoma Bravo to Acquire ABC Financial Services, Inc. "We have enjoyed working closely with Hatem and his team through multiple acquisitions and operational improvements, and we are confident that the company is well-positioned for continued success.". "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. There has been an evolution in these PE [private equity] partners, and which is the best fit for a company comes down to where the company is in their lifecycle, said Hatem Naguib, CEO of Barracuda. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Twitter. More than 200,000 organizations worldwide trust Barracuda to protect them in ways they may not even know they are at risk so they can focus on taking their business to the next level. At Barracuda, we make the world a safer place. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. "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. 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 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. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Envision yourself at Barracuda! Security business Barracuda Networks acquired for $1.6 billion Facebook. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. 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. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Barracuda completes acquisition of SKOUT Cybersecurity The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Register for a free trial. | Barracuda Networks Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Copyright 2013 ChannelBuzz.ca. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. At Barracuda we strive to make the world a safer place. 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. By using this site you agree to our use of cookies. Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal In cybersecurity, you cannot sit on your laurels. Barracuda. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. Mar 2021 - Present2 years 1 month. We feel very strong alignment with this, Naguib indicated. NEW YORK, NY and SAN FRANCISCO, CA April 12, 2022 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 are very pleased with the results of our acquisition strategy. You can also subscribe without commenting. Outside US: +1 (212) 230-9410 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. The company's filing status is listed as Active and its File Number is 6150972. 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. While Thoma helped Barracuda transform into a modern cloud company, KRR is expected to support an aggressive expansion strategy which will benefit both the company and its channel partners. mfrank@thomabravo.com 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. Barracuda Networks: Larger MSP Software Ambitions. Barracuda expands zero trust play with Fyde acquisition - ARN References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. I expect that our employees, customers, and partners will benefit from this partnership. Datto to be Acquired by Kaseya for $6.2 Billion, with Funding Led by LiveVox continues to build out fledgling channel strategy with launch of ACTivate channel program, Pax8, AWS sign distribution deal to bring AWS into Pax8 solutions , Sage ramps up automation of Sage Intacct solution, Pure Storage tackles broad sub-$0.20 per GB disk market with FlashBlade//E, Aptum sees strong channel opportunities in new Multi-Tenant Cloud Solution, Zero-Trust vendor Cyolo restructures partner program, Salt Security enhances certification and training capabilities with Essential Partner Certification Program, Startup Entitle comes out of stealth with novel SaaS-based cloud permissions management platform solution. 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 Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. 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. 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. 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.