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. That impacts who is a good fit. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. Nicky.bryan@fgh.com, Craig Larson 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. 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. https://www.businesswire.com/news/home/20220412005856/en/. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR Completes Acquisition of Barracuda from Thoma Bravo - Yahoo! 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. I expect that our employees, customers, and partners will benefit from this partnership. 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. Your email address will not be published. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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 shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. - 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. 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. Facsimile: +1 (212) 750-0003 Barracuda | LinkedIn The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. The proposed transaction is expected to close before Barracuda's fiscal year end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. We look forward to watching Barracudas continued success.. Finsbury Glover Hering | Zdnet Barracuda completes acquisition of SKOUT Cybersecurity - PR Newswire Barracuda completes acquisition of SKOUT Cybersecurity Telephone: +1 (877) 610-4910 Complete security that stops all 13 email threat types and protects Microsoft 365 data. We feel very strong alignment with this, Naguib indicated. Vis Tox cheville expansion Barracuda 14 x 70 . Barracuda Networks, Inc. Territory Manager Job in Alpharetta, GA For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. For additional information, please visit barracuda.com. Please read our cookie notice for more information on the cookies we use and how to delete or block them. 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. Get protection that goes beyond next-generation firewalls. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. 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. The firm has offices in Chicago, Miami and San Francisco. Colombia - Pig butchering scam links back to Binance, Huobi exchanges dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L Stop zero-hour and advanced attacks that evade traditional detection techniques. We look forward to watching Barracudas continued success.. Barracuda completes acquisition of SKOUT Cybersecurity Get started in minutes. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. Barracuda completes acquisition of SKOUT Cybersecurity We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. 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. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . 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. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. 646-436-6126 Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Envision yourself at Barracuda! SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. We are in a very dynamic business. For more information, visit barracuda.com. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. Private equity powerhouse KKR is acquiring email security provider Barracuda Networks with plans to "accelerate growth" by further pushing the company into key security markets such as managed . Protect students and faculty from ransomware and other cyber attacks. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion 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 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. Barracuda Completes Acquisition of SKOUT Cybersecurity KKR buys Barracuda Networks from private equity firm Thoma Bravo. KKR to Acquire Barracuda Networks - darkreading.com Supported by our Lead Development team, you will balance receiving . Privacy Policy |Website Terms & Conditions. 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. 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. Financial terms were not disclosed. Scan your Microsoft 365 for sensitive data and malware. Article | Barracuda Networks Stop API attacks and improve customer experience. Protect your customers and brand from advanced cyber threats. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. "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. 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 Enter a Master Password for the Barracuda Network Access Client. 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. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. 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. The deal, the terms of which were not disclosed,. 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. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. Still, this isn't just about about RMM software and an anti-virus partnership. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Campbell, California, United States. London Digital Marketing Agency | Barracuda Digital More information about Thoma Bravo can be found at www.thomabravo.com. ", "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. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Barracuda Networks, Inc. Territory Manager Job in Reading, England Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Get SaaS backup for your Microsoft 365 data with unlimited storage. 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* 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. 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. Come Join Our Passionate Team! 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. 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. Brazil, Peru and Chile were less targeted. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. 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.. 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. Required fields are marked *. Barracuda to Acquire Intronis, Inc | Barracuda MSP