barracuda acquisition

media@kkr.com, For Thoma Bravo: KKR buys Barracuda Networks from private equity firm Thoma Bravo. Supported by our Lead . The firm has offices in Chicago, Miami and San Francisco. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. "Were ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. 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. - Collaborate with . Learn how to protect your organization from all 13 types of email attacks. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. SKOUT is based in Melville, NY. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. Protect websites and apps from advanced cyber-threats. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. Please click on "I understand" to view the presentation. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. Noted Bradley Brown, managing director at KKR: Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. For more information, visit www.thomabravo.com. I expect that our employees, customers, and partners will benefit from this partnership. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. 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. 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. Facsimile: +1 (212) 750-0003 The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. 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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. For additional information, please visit barracuda.com. For more information, visit www.barracuda.com. 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. You can also subscribe without commenting. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". 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. Privacy Policy |Website Terms & Conditions. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. 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 Protect data wherever it resides to minimize downtime and prevent data loss. Brazil, Peru and Chile were less targeted. Deploy simple and scalable security with no software or hardware to install. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Now we are out of that transformation and into a growth phase. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Facebook. 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. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. 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. We want to do it in a way that will be of advantage to all.. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Mar 2021 - Present2 years 1 month. Nicky.bryan@fgh.com, Craig Larson 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. 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. ", "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. Barracuda Networks, Inc., 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. This press release features multimedia. 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 Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. 212-750-8300 As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . 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. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. At Barracuda we strive to make the world a safer place. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. - 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. 212-731-4778, Nicky Bryan 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. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. [] Security business Barracuda Networks acquired for $1.6 billion. Barracuda generates more than $500 million in annual revenue, the buyer indicated. 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. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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* Barracuda undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This book was released on 1997 with total page 268 pages. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. The firm has offices in Chicago, Miami and San Francisco. Talent Acquisition Manager, MENA. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. This price exceeds Barracuda's 52-week high and represents a premium of 22.5 percent to the Company's 10-day average stock price prior to Nov. 27, 2017, of $22.49. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. Hatem Naguib, CEO of Barracuda. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. 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. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. 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. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. Financial terms were not disclosed. Automate security policy compliance in the cloud. About Thoma Bravo, LLCThoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. "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. 646-436-6126 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 . We look forward to watching Barracudas continued success.. . in an all-cash transaction valued at$1.6 billion. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Stop zero-hour and advanced attacks that evade traditional detection techniques. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. 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. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Barracuda anticipates that subsequent events and developments will cause its views to change. 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. 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. Browse our security and network solutions designed specifically for AWS. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Accept the License Agreement, and click Next. Click Next to continue. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Megan Frank Telephone: +1 (877) 610-4910 Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Barracuda Networks: Larger MSP Software Ambitions. 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. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. Botes Exhibidores; Llaveros; Anualidades para Equipos. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Barracuda Networks extends Barracuda Championship sponsorship through 2025, Cost of an email-borne security attack can on average exceed $1 million. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Required fields are marked *. Book excerpt: Revive the muscular good looks and horsepower of your E-body! About Thoma Bravo, LLC Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. August 16, 2022. The firm has offices in Chicago, Miami and San Francisco. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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 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 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. We are very pleased with the results of our acquisition strategy. Envision yourself at Barracuda! "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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. The proposed transaction is expected to close before Barracudas fiscal year end ofFeb. 28, 2018, and is subject to approval by Barracudas shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. 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. Your email address will not be published. Barracuda has exchanged one private equity owner for another. 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 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. 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. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Information about the Company's 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 on June 28, 2017 and the Annual Report on Forms 10-K for the fiscal year ended February 28, 2017. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. Ensure compliance with safe learning regulations. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. For more information, visit barracuda.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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. According to the statement released today, Broadway will use the acquisition to further expand its product suite. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Email. This helpful guide contains hundreds of detailed . The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. 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 We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Our channel is supremely important to us. Financial terms of the transaction were not disclosed. KKR feels that the management team has done a phenomenal job. 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. 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. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment; this fast-paced role is focused on growing our SMB customer base through the acquisition net-new . Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. ", "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. 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. This site uses cookies to provide you with a more responsive and personalized service. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. 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. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. Financial services are a prime target for cyber attacks. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. 408-813-7762 [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. 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. We look forward to watching Barracudas continued success.. Barracuda anticipates that subsequent events and developments will cause its views to change. 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. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. For more information, visit www.thomabravo.com.