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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Accessorios. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Learn how to protect your organization from all 13 types of email attacks. Barracuda generates more than $500 million in annual revenue, the buyer indicated. 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. Privacy Policy |Website Terms & Conditions. 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. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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. 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. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. We want to do it in a way that will be of advantage to all.. in an all-cash transaction valued at$1.6 billion. All forward-looking statements speak only as of the date they are made. Thoma Bravo Completes Acquisition of Barracuda - Insider SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Barracuda Closes Acquisition of SKOUT Cybersecurity Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 646-436-6126 Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal 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. The firm has offices in Chicago, Miami and San Francisco. Mar 2021 - Present2 years 1 month. "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. Hatem Naguib, CEO of 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. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . Protect your business and users from ransomware attacks in three easy steps. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Protect websites and apps from advanced cyber-threats. 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. 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. 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. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. 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. That impacts who is a good fit. I expect a mix of business as usual and positive change in the same way partners saw positive change when we were acquired by Thoma, he indicated Our relationship with our partners has always been critical, and that will not change. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. At Barracuda, we make the world a safer place. barracuda.substack.com. Barracuda expands zero trust play with Fyde acquisition - ARN 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. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. Get started in minutes. 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. Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. The firm has offices in Chicago, Miami and San Francisco. 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. Facebook. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. KKR feels that the management team has done a phenomenal job. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform thats purpose-built for highly distributed, diverse cloud and hybrid environments. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. "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.". The transaction is anticipated to close by the end of the year, subject to customary conditions. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Its the same company, he said. KKR to buy Barracuda Networks from Thoma Bravo for nearly $4B Megan Frank Barracuda Networks - Wikipedia 2003 - 2022 Barracuda Networks, Inc. All rights reserved. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. 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 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. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. When typing in this field, a list of search results will appear and be automatically updated as you type. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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. The transaction is expected to close by the end of the year, so obviously nothing will happen until then, but Naguib said that partners shouldnt expect any unpleasant surprises when the deal does go through. | Zdnet 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 jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey., We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space, said John Park, Head of Americas Technology Private Equity at KKR. Copyright 2013 ChannelBuzz.ca. 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. 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 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. Protect data wherever it resides to minimize downtime and prevent data loss. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. 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. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. 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 acquires Skout Cybersecurity to enter the XDR market Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . "Were ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. 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 ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. All contents 2023 MSSP Alert and After Nines Inc. You can also subscribe without commenting. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. For more information, visit barracuda.com. Explore how Barracuda protects state and local government websites and data. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. That compares to $352.6 million back in 2017, according to historic data from Barracuda. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. At Barracuda we strive to make the world a safer place. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). 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. For more information, visit www.thomabravo.com. Come Join Our Passionate Team! ", "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. Lead Development Representative Job in Campbell, CA at Barracuda Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Past performance is not necessarily indicative of future results. Past performance is not necessarily indicative of future results. Saab AB - Wikipedia KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Thoma Bravo Completes Acquisition of Barracuda Barracuda completes acquisition of SKOUT Cybersecurity Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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. This press release features multimedia. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. 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. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. More information about Thoma Bravo can be found at www.thomabravo.com. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Colombia - Pig butchering scam links back to Binance, Huobi exchanges KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. We look forward to watching Barracudas continued success.. "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.
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