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Enter a Master Password for the Barracuda Network Access Client. Copy link. At Barracuda we strive to make the world a safer place. The deal, the terms of which were not disclosed,. More information about Thoma Bravo can be found atwww.thomabravo.com. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. "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. Get started in minutes. 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. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. 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. 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. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Get started in minutes. Notify me of followup comments via e-mail. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Terms of the deal were not disclosed, as Barracuda is a private company. For additional information, please visit barracuda.com. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. 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. Past performance is not necessarily indicative of future results. Getting started is easy. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. We will continue Barracudas 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. 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. Financial terms were not disclosed. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. . Now we are out of that transformation and into a growth phase. We feel very strong alignment with this, Naguib indicated. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. 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,. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. 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 in a very dynamic business. Facsimile: +1 (212) 750-0003 Copyright 2013 ChannelBuzz.ca. For more information, visit www.thomabravo.com. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. 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 very pleased with the results of our acquisition strategy. Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank are also serving as financial advisors to Thoma Bravo, and Kirkland & Ellis LLP is serving as its legal counsel. "We 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.". 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. Protect data wherever it resides to minimize downtime and prevent data loss. For more information, visit www.thomabravo.com. Accessorios. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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 generates more than $500 million in annual revenue, the buyer indicated. For more information, visit www.barracuda.com. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at the Companys website (http://investor.Barracuda.com/) or by writing to the Companys Secretary at 3175 S. Winchester Blvd,Campbell CA95008. 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. 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 seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. The transaction is anticipated to close by the end of the year, subject to customary conditions. Check out our security products for Google Cloud Platform. 212-750-8300 Barracuda values partnership. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Protect patient data and avoid disruptions that could affect patient care. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Thoma Bravo 2003 - 2022 Barracuda Networks, Inc. All rights reserved. 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. "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. Email: Investor-Relations@kkr.com. 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. 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. 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. 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. Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. August 16, 2022. 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 Past performance is not necessarily indicative of future results. Teamwork at Barracuda is the key to everything we do and why we succeed. Protect students and faculty from ransomware and other cyber attacks. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. We want to do it in a way that will be of advantage to all.. The company's filing status is listed as Active and its File Number is 6150972. 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. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. At Barracuda we strive to make the world a safer place. 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. 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. . Telephone: +1 (877) 610-4910 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. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 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 anticipates that subsequent events and developments will cause its views to change. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. That impacts who is a good fit. For additional information, please visitbarracuda.com. Ensure compliance with safe learning regulations. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Financial terms of the transaction were not disclosed. KKR feels that the management team has done a phenomenal job. Envision yourself at Barracuda! This press release features multimedia. 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 408-813-7762 646-436-6126 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. 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. The company's shares hit a high of around $45 in 2015, and. 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. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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). Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. Your email address will not be published. Protect websites and apps from advanced cyber-threats. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Botes Exhibidores; Llaveros; Anualidades para Equipos. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . 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.. Hatem Naguib, CEO of Barracuda. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. Please click on "I understand" to view the presentation. At Barracuda, we make the world a safer place. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. See more than 1,000 technology M&A deals listed here, buying Skout Cybersecurity for MSP-focused security operations center capabilities, Top 250 Managed Security Services Providers (MSSP) Company List, Top 40 Managed Detection and Response (MDR) Company List, MSSP M&A List: 100+ Managed Security Buyers, Sellers and Investors. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. Explore how Barracuda protects state and local government websites and data. Automate security policy compliance in the cloud. All Rights Reserved. Get protection that goes beyond next-generation firewalls. 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. 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. Financial services are a prime target for cyber attacks. jelam@barracuda.com, For KKR: [] Security business Barracuda Networks acquired for $1.6 billion. Nicky.bryan@fgh.com, Craig Larson Jonelle Elam SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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. 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 . Accept the License Agreement, and click Next. Stop zero-hour and advanced attacks that evade traditional detection techniques. Magazine Premium created by c.bavota. The cybersecurity vendor said its proposed purchase . Barracuda has exchanged one private equity owner for another. Required fields are marked *. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. This site uses cookies to provide you with a more responsive and personalized service. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Get SaaS backup for your Microsoft 365 data with unlimited storage. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. Protect all your email, SharePoint, OneDrive, and Teams data with protection that goes far beyond what is built into Microsoft 365. - 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. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. 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. Julia Kosygina BARRACUDA ACQUISITIONCO, INC. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. Financial terms were not disclosed. Click Next to continue. Check out our real-time view of global cyber threats, collected from millions of data points. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Barracuda. 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. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. 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. 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. "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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. When typing in this field, a list of search results will appear and be automatically updated as you type. The firm has offices in Chicago, Miami and San Francisco. mfrank@thomabravo.com 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. 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. 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. Brazil, Peru and Chile were less targeted. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. "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. 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. 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. [33] From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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.