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. About Barracuda Networks, Inc. (NYSE:CUDA)Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. 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. . We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Your email address will not be published. Protect your business and users from ransomware attacks in three easy steps. Protect patient data and avoid disruptions that could affect patient care. Teamwork at Barracuda is the key to everything we do and why we succeed. 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. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Finsbury Glover Hering For more information, visit barracuda.com. Come Join Our Passionate Team! 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. All forward-looking statements speak only as of the date they are made. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Thoma Bravo to Acquire ABC Financial Services, Inc. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. At Barracuda we strive to make the world a safer place. Barracuda expands zero trust play with Fyde acquisition - ARN 646-436-6126 Stop zero-hour and advanced attacks that evade traditional detection techniques. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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 to buy Barracuda Networks from Thoma Bravo for nearly $4B All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "predicts," "plan," "expects," "focus," "anticipates," "believes," "goal," "target," "estimate," "potential," "may," "will," "might," "momentum," "can," "could," "seek," and similar words. 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. 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.. At Barracuda, we make the world a safer place. 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.. Get started in minutes. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. 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 to Acquire Barracuda Networks - Kohlberg Kravis Roberts 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 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. Twitter. Get SaaS backup for your Microsoft 365 data with unlimited storage. 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. 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. Check out our real-time view of global cyber threats, collected from millions of data points. 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. Added John Park, head of Americas Technology Private Equity at KKR: We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. The Managed Workplace acquisition is part of a larger MSP-centric partner strategy that extends all the from Barracuda CEO BJ Jenkins' office to the company's boardroom, ChannelE2E believes. Julia Kosygina Barracuda Networks, a trusted partner and leading provider of cloud-enabled security solutions, announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Barracuda has exchanged one private equity owner for another. Financial terms were not disclosed. 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 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. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. According to the statement released today, Broadway will use the acquisition to further expand its product suite. Job ID: 23-831. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. 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. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Save my name, email, and website in this browser for the next time I comment. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). 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. 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. Available in PDF, EPUB and Kindle. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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* 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Barracuda completes acquisition of SKOUT Cybersecurity Learn how Barracuda can help. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. More information about Thoma Bravo can be found atwww.thomabravo.com. Barracuda hiring Manager, Technical Support in Bengaluru, Karnataka We are in a very dynamic business. For additional information, please visitbarracuda.com. (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. Barracuda completes acquisition of SKOUT Cybersecurity Apply to Closer, Junior Account Manager, Software Consultant and more! KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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 forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Accept the License Agreement, and click Next. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. What Managed Workplace's acquisition means for MSPs - Smarter MSP Register for a free trial. | Barracuda Networks Barracuda Networks, Inc. Territory Manager Job in Reading, England Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Copy link. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. The firm has offices in Chicago, Miami and San Francisco. 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. Copyright 2013 ChannelBuzz.ca. We look forward to watching Barracudas continued success.. 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. "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. 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 companys partner in the next phase of its growth.. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Jonelle Elam in an all-cash transaction valued at $1.6 billion. Shareholders to Receive $27.55 per Share in Cash. Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal Our channel is supremely important to us. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. 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. 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. 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. 212-731-4778, Nicky Bryan The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Barracuda Networks: Larger MSP Software Ambitions. By using this site you agree to our use of cookies. Acquired by Kohlberg Kravis Roberts Campbell, California, United States 501-1000 Grant Delisted www.barracuda.com 15,945 Highlights Acquisitions 13 Investments 5 Exits 3 Total Funding Amount $46.4M Contacts 530 Employee Profiles 35 That transformation was very successful for us. 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs This site uses cookies to provide you with a more responsive and personalized service. When typing in this field, a list of search results will appear and be automatically updated as you type. Nicky.bryan@fgh.com, Craig Larson KKR Completes Acquisition of Barracuda from Thoma Bravo 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. 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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Magazine Premium created by c.bavota. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. 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.
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