We are all very aligned with the strategy we are heading into now, as opposed to the reset we did when we came in from private ownership.. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. 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. 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. Teamwork at Barracuda is the key to everything we do and why we succeed. Barracuda Networks - Crunchbase Company Profile & Funding 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. Under the program they have been driving, universal equity becomes part of what they share with everyone from lower level employees up to managers and senior level people.. To get growth, you have to invest.. Privacy Policy |Website Terms & Conditions. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. 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. Jonelle Elam Botes Exhibidores; Llaveros; Anualidades para Equipos. 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. 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. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. 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. BARRACUDA ACQUISITIONCO, INC. For more information, visit barracuda.com. 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. Terms of the deal were not disclosed, as Barracuda is a private company. That deal surfaced in July 2021. Stop API attacks and improve customer experience. Hatem Naguib, CEO of Barracuda. 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. 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. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. 212-750-8300 At Barracuda, we make the world a safer place. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. For more information, visit www.thomabravo.com. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. "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. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. 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. 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 company's filing status is listed as Active and its File Number is 6150972. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. 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. NEW YORK & SAN FRANCISCO, August 16, 2022 -- ( BUSINESS WIRE )--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. barracuda.substack.com. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. The cybersecurity vendor said its proposed purchase . 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. 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. Barracuda hiring Inside Sales Territory Manager - UK&I in Reading J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and 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. ", "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. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. The firm has offices in Chicago, Miami and San Francisco. The firm has offices in Chicago, Miami and San Francisco. 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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. media@kkr.com, For Thoma Bravo: "We look forward to watching Barracudas continued success.". KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Barracuda | LinkedIn 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. 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 went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. Copy link. According to the statement released today, Broadway will use the acquisition to further expand its product suite. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. 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* Facsimile: +1 (212) 750-0003 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. (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online . We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. 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. 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. SKOUT is based in Melville, NY. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 KKR to Acquire Barracuda Networks - Yahoo! Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. How exactly this will roll out at Barracuda is less certain, as employee ownership does not take a one size fits all approach across the KKR portfolio. 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. "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.". 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. Supported by our Lead . Barracuda expands zero trust play with Fyde acquisition - ARN 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 . View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in Protect your customers and brand from advanced cyber threats. Brazil, Peru and Chile were less targeted. KKR to Acquire Barracuda Networks - darkreading.com 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. KKR Completes Acquisition of Barracuda from Thoma Bravo Broadway Acquires Barracuda FX, Strengthens Senior FX Team As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. We are in a very dynamic business. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. 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. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Barracuda completes acquisition of SKOUT Cybersecurity Learn how Barracuda can help. mfrank@thomabravo.com August 16, 2022. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. 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. Datto to be Acquired by Kaseya for $6.2 Billion, with Funding Led by Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Scan your Microsoft 365 for sensitive data and malware. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. Talent Acquisition Manager, MENA. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. 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. Barracuda completes acquisition of SKOUT Cybersecurity KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Thoma Bravo Completes Acquisition of Barracuda - Insider We want to work very closely with them, and Barracuda wants to be their preferred vendor., New Years Podcast Series: Bob Bonneau of ESET Canada, Understanding innovation as a large, well-established enterprise, New Years Podcast Series: Frank Colletti of N-able, New Years Podcast Series: Zack Dickson of Cisco Canada. "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. You can also subscribe without commenting. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). 57 Closer jobs available in Candlewyck, NJ on Indeed.com. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Our channel is supremely important to us. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. 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. Barracuda anticipates that subsequent events and developments will cause its views to change. If configured, it is required to shut down the NAC Client and make certain configuration changes. For more information, visit www.thomabravo.com. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. 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. 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. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . Barracuda's expertise includes security operations centers (SOCs) for MSPs. Notify me of followup comments via e-mail. NEW YORK & SAN FRANCISCO, August 16, 2022--(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 KKRs investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm. Barracuda Networks, Inc. Territory Manager Job in Reading, England References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. This helpful guide contains hundreds of detailed . Article | Barracuda Networks Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Deploy simple and scalable security with no software or hardware to install. 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. This site uses cookies to provide you with a more responsive and personalized service. "Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracuda's security platform, which helps customers protect and manage their networks, applications, and data. 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. That transformation was very successful for us. Megan Frank References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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. Twitter. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Security business Barracuda Networks acquired for $1.6 billion By using this site you agree to our use of cookies. "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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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 Cybersecurity company Barracuda to go private as part of $1.6 billion This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. 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 KKR's investment funds will. Barracuda plans acquisition of Skout Cybersecurity More information about Thoma Bravo can be found at www.thomabravo.com. In cybersecurity, you cannot sit on your laurels. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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