barracuda acquisition

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. 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. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . Book excerpt: Revive the muscular good looks and horsepower of your E-body! For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. "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. 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. "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.". Finsbury Glover Hering We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The company's filing status is listed as Active and its File Number is 6150972. Getting started is easy. Barracuda anticipates that subsequent events and developments will cause its views to change. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. Required fields are marked *. 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. Envision yourself at Barracuda! Founded in 2003, Barracuda is the developer of cybersecurity solutions,. The firm has offices in Chicago, Miami and San Francisco. "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 . The firm has offices in Chicago, Miami and San Francisco. 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 For more information, visit www.thomabravo.com. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. 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. Email: Investor-Relations@kkr.com. Get SaaS backup for your Microsoft 365 data with unlimited storage. Financial terms were not disclosed. in an all-cash transaction valued at $1.6 billion. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. 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. Financial terms were not disclosed. Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. Megan Frank in an all-cash transaction valued at$1.6 billion. The transaction is anticipated to close by the end of the year, subject to customary conditions. No credit card is required. For more information, visit barracuda.com. For additional information, please visit barracuda.com. 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. Copyright 2013 ChannelBuzz.ca. 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. Barracuda anticipates that subsequent events and developments will cause its views to change. 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 Thoma Bravo This site uses cookies to provide you with a more responsive and personalized service. That impacts who is a good fit. 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 Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. We are in a very dynamic business. In cybersecurity, you cannot sit on your laurels. 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. in an all-cash transaction valued at $1.6 billion. Jonelle Elam 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 look forward to watching Barracudas continued success.. 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.. This press release features multimedia. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. This 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). Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i) the risk that the transaction may not be consummated in a timely manner, if at all; (ii) the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii) the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv) risks related to the diversion of managements attention from the Companys ongoing business operations; (v) risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi) the effect of the announcement of the transaction on the Companys business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii) risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. Copy link. Still, this isn't just about about RMM software and an anti-virus partnership. Check out our real-time view of global cyber threats, collected from millions of data points. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. 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. 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. Mar 2021 - Present2 years 1 month. 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. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Envision yourself at Barracuda The Lead Development Rep (LDR) is primarily responsible for delivering qualified leads to our Territory Management Team. 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. 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. This helpful guide contains hundreds of detailed . 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.. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. "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. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. KKR buys Barracuda Networks from private equity firm Thoma Bravo. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. To the extent the Company's directors and executive officers' holdings of the Company's securities have changed since the amounts printed in the Company's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. At Barracuda, we make the world a safer place. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. "We believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the company's partner in the next phase of its growth.". 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. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. Protect students and faculty from ransomware and other cyber attacks. 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. 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. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Accessorios. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. 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. 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. 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 entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC. Our channel is supremely important to us. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Your email address will not be published. Barracuda generates more than $500 million in annual revenue, the buyer indicated. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . Protect websites and apps from advanced cyber-threats. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. This isn't ION's first acquisition in the FX realm. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. 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. 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* ", "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. Facsimile: +1 (212) 750-0003 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. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. 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. The cybersecurity vendor said its proposed purchase . KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Terms of the deal were not disclosed, as Barracuda is a private company. 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. Please click on "I understand" to view the presentation. Promptly after filing its definitive proxy statement with the Securities and Exchange Commission (the SEC), the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the merger. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. 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. 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.. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. 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. 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. The firm has offices in Chicago, Miami and San Francisco. Check out our security products for Google Cloud Platform. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Come Join Our Passionate Team! 408-813-7762 Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. The transaction is anticipated to close by the end of the year, subject to customary conditions. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. For additional information, please visitbarracuda.com. At Barracuda we strive to make the world a safer place. San Francisco, CA 94105 +1 (415) 263-3660. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . More information about Thoma Bravo can be found at www.thomabravo.com. 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.. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i)the risk that the transaction may not be consummated in a timely manner, if at all; (ii)the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii)the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv)risks related to the diversion of management's attention from the Company's ongoing business operations; (v)risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi)the effect of the announcement of the transaction on the Company's business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii)risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. 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. For more information, visit www.thomabravo.com. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. mfrank@thomabravo.com https://www.businesswire.com/news/home/20220412005856/en/. Swift and powerful, they are slender in form, with small scales, two well-separated dorsal fins, a jutting lower jaw, and a large mouth with many large, sharp teeth. That compares to $352.6 million back in 2017, according to historic data from 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. Nicky.bryan@fgh.com, Craig Larson If configured, it is required to shut down the NAC Client and make certain configuration changes. 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. One change that will take place will be the introduction of KKRs broad-based employee ownership program, which is based on the belief that employee engagement is a key driver in building stronger companies. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. Julia Kosygina Barracuda. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. 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. 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. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. 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. - Collaborate with . 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. We. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. BARRACUDA ACQUISITIONCO, INC. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Click Next. . barracuda.substack.com. Get security and networking solutions that are deployed natively in Microsoft Azure. 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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Past performance is not necessarily indicative of future results. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Email. Explore how Barracuda protects state and local government websites and data. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Protect data wherever it resides to minimize downtime and prevent data loss. Barracuda Networks: Larger MSP Software Ambitions. Outside US: +1 (212) 230-9410 These forward-looking statements should not be relied upon as representing Barracudas views as of any date subsequent to the date of this press release. 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,. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Notify me of followup comments via e-mail. 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. This press release features multimedia. Simpson Thacher & Bartlett LLP served as legal counsel to 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.