The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. 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. "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. Magazine Premium created by c.bavota. Learn how Barracuda can help. 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 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 is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. It has also made a series of acquisitions, including buying extended detection and response. Automate security policy compliance in the cloud. The cybersecurity vendor said its proposed purchase .
Barracuda completes acquisition of SKOUT Cybersecurity Salahuddin Shaik - Senior Talent Acquisition Manager - CEEMEA - Midis KKR feels that the management team has done a phenomenal job.
Lead Development Representative Job in Campbell, CA at Barracuda - 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. https://www.businesswire.com/news/home/20220412005856/en/. 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. 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. Please click on "I understand" to view the presentation. For more information, visit www.thomabravo.com. 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. 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. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. 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. At Barracuda we strive to make the world a safer place. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). LiveVox continues to build out fledgling channel strategy with launch of ACTivate channel program, Pax8, AWS sign distribution deal to bring AWS into Pax8 solutions , Sage ramps up automation of Sage Intacct solution, Pure Storage tackles broad sub-$0.20 per GB disk market with FlashBlade//E, Aptum sees strong channel opportunities in new Multi-Tenant Cloud Solution, Zero-Trust vendor Cyolo restructures partner program, Salt Security enhances certification and training capabilities with Essential Partner Certification Program, Startup Entitle comes out of stealth with novel SaaS-based cloud permissions management platform solution. Financial services are a prime target for cyber attacks. Get WAF protection in minutes with our application security service. 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.
(eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments.
Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn 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. We look forward to watching Barracudas continued success.. Your email address will not be published. jelam@barracuda.com, For KKR: 408-813-7762 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. Get security and networking solutions that are deployed natively in Microsoft Azure. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value.
Barracuda | Description, Size, Diet, & Facts | Britannica Click Next to continue. 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. Scan your Microsoft 365 for sensitive data and malware. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. The company's shares hit a high of around $45 in 2015, and. 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..
"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.". For additional information, please visitbarracuda.com. Sheppard Mullin Advises SKOUT Cybersecurity in Acquisition by Barracuda Networks 07.01.2021 Sheppard Mullin represented SKOUT Cybersecurity, a leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service, in its Telephone: +1 (877) 610-4910 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. Terms of the deal were not disclosed, as Barracuda is a private company. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research.
How to Install the Barracuda Network Access/VPN Client for Windows 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. e-mail. 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. . Vis Tox cheville expansion Barracuda 14 x 70 . Information about the Company's 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 on June 28, 2017 and the Annual Report on Forms 10-K for the fiscal year ended February 28, 2017. Its the same company, he said. At Barracuda, we make the world a safer place. The firm has offices in Chicago, Miami and San Francisco. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Protect your business and users from ransomware attacks in three easy steps. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. I expect that our employees, customers, and partners will benefit from this partnership. 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. Participants in the SolicitationThe Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the transaction. Required fields are marked *. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Copyright 2013 ChannelBuzz.ca. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Finsbury Glover Hering barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes).
Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo Register for a free trial. | Barracuda Networks 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. KKR buys Barracuda Networks from private equity firm Thoma Bravo. THREAT PREVENTION Spam, Malware, and Advanced Threat Protection Phishing and Impersonation Protection Account Takeover Protection Domain Fraud Protection Web Security Zero Trust Access for Microsoft 365 We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. ", "Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment," said Seth Boro, a managing partner at Thoma Bravo. Shareholders to Receive $27.55 per Share in Cash. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services.
Thoma Bravo Completes Acquisition of Barracuda As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. Past performance is not necessarily indicative of future results. 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. Browse our security and network solutions designed specifically for AWS. For more information, visit barracuda.com. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. 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. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. ", "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.
Cybersecurity company Barracuda to go private as part of $1.6 billion 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. You can also subscribe without commenting. "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. This press release features multimedia. NEW YORK, NY and SAN FRANCISCO, CA April 12, 2022 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.
Barracuda expects acquisition by private equity firm KKR will drive 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. "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. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility.
Barracuda to Acquire Intronis, Inc | Barracuda MSP Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021.
PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in Founded in 2003, Barracuda is the developer of cybersecurity solutions,. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment.