That compares to $352.6 million back in 2017, according to historic data from 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. Privacy Policy |Website Terms & Conditions. KKR to buy Barracuda Networks from Thoma Bravo for nearly $4B 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. The ION/MarketFactory Merger, Implications for FX Market - Greenwich 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. This site uses cookies to provide you with a more responsive and personalized service. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. All Rights Reserved. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. in an all-cash transaction valued at $1.6 billion. For more information, visit barracuda.com. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. CAMPBELL, Calif. Thoma Bravo, LLC ., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc ., a leading provider of cloud-enabled security and data protection solutions, in an all-cash transaction valued at $1.6 billion. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. 408-813-7762 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. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. The firm has offices in Chicago, Miami and San Francisco. Protect data wherever it resides to minimize downtime and prevent data loss. ", "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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Past performance is not necessarily indicative of future results. 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 completes acquisition of SKOUT Cybersecurity 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. "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. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. I expect that our employees, customers, and partners will benefit from this partnership., Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment, saidSeth Boro, a managing partner at Thoma Bravo. 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. 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. 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. 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. dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Botes Exhibidores; Llaveros; Anualidades para Equipos. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Hatem Naguib, CEO of Barracuda. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. ", "Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges," said Bradley Brown, Managing Director at KKR. 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. 212-731-4778, Nicky Bryan BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. The firm has offices in Chicago, Miami and San Francisco. Email: Investor-Relations@kkr.com. 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. 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. 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. The cybersecurity vendor said its proposed purchase . The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . For more information, visit www.thomabravo.com. At Barracuda we strive to make the world a safer place. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Your email address will not be published. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. | Zdnet 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. Barracuda acquires Skout Cybersecurity to enter the XDR market London Digital Marketing Agency | Barracuda Digital propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. 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. Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. Barracuda's expertise includes security operations centers (SOCs) for MSPs. 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. 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, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. 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. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. 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. Security business Barracuda Networks acquired for $1.6 billion Notify me of followup comments via e-mail. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. "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.". Book excerpt: Revive the muscular good looks and horsepower of your E-body! barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. Protect your customers and brand from advanced cyber threats. KKR Completes Acquisition of Barracuda from Thoma Bravo Ensure compliance with safe learning regulations. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Accept the License Agreement, and click Next. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Barracuda Networks acquires Palo Alto-based Fyde, rolls out cloud Lead Development Representative Job in Campbell, CA at Barracuda San Francisco, CA 94105 +1 (415) 263-3660. 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. We feel very strong alignment with this, Naguib indicated. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. On 11February . Past performance is not necessarily indicative of future results. August 16, 2022. Barracuda 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. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. We want to do it in a way that will be of advantage to all.. 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. Barracuda | LinkedIn Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. 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. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Barracuda completes acquisition of SKOUT Cybersecurity . The company's shares hit a high of around $45 in 2015, and. This helpful guide contains hundreds of detailed . This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. "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.". 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. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. - Collaborate with . 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). We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. Save my name, email, and website in this browser for the next time I comment. Vis Tox cheville expansion Barracuda 14 x 70 . Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. KKR feels that the management team has done a phenomenal job. 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.. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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. 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. Protect patient data and avoid disruptions that could affect patient care. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . 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. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. 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 Colombia - Pig butchering scam links back to Binance, Huobi exchanges All forward-looking statements speak only as of the date they are made. 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 SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008.