barracuda acquisitionbarracuda acquisition

We look forward to watching Barracudas continued success.. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. Talent Acquisition Manager, MENA. For more information, visit www.thomabravo.com. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. 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. 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.. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Barracuda generates more than $500 million in annual revenue, the buyer indicated. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. Check out our security products for Google Cloud Platform. Noted Bradley Brown, managing director at KKR: Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. BARRACUDA ACQUISITIONCO, INC. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. 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. 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. We. Accessorios. e-mail. Spam, Malware, and Advanced Threat Protection, Email Encryption and Data Loss Prevention, Accelerate and secure cloud migrations with, Boost application performance and reduce costs with, Simplify and secure remote access by enabling Zero Trust for any device with, Secure your internet-connected devices with. 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. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. Thoma Bravo to Acquire ABC Financial Services, Inc. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. The transaction is anticipated to close by the end of the year, subject to customary conditions. Please read our cookie notice for more information on the cookies we use and how to delete or block them. Magazine Premium created by c.bavota. Participants in the Solicitation The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the transaction. Save my name, email, and website in this browser for the next time I comment. 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. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". in an all-cash transaction valued at $1.6 billion. Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc. in an all-cash transaction valued at $1.6 billion. More information about Thoma Bravo can be found at www.thomabravo.com. 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* 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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. 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. Campbell, Calif. (September 29, 2015) - Barracuda Networks, Inc. (NYSE: CUDA) today announced it has entered into a definitive agreement to acquire privately held Intronis, Inc. (Intronis), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Deploy simple and scalable security with no software or hardware to install. ", "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. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. from 8 AM - 9 PM ET. 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 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. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . The firm has offices in Chicago, Miami and San Francisco. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. Supported by our Lead Development team, you will balance receiving . 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. Mar 2021 - Present2 years 1 month. 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 Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. 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. If configured, it is required to shut down the NAC Client and make certain configuration changes. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. 212-731-4778, Nicky Bryan At Barracuda we strive to make the world a safer place. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Vis Tox cheville expansion Barracuda 14 x 70 . Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. For more information, visit www.thomabravo.com. 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. Privacy Policy |Website Terms & Conditions. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. 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. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. That compares to $352.6 million back in 2017, according to historic data from Barracuda. 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., 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. 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 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,. 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. By using this site you agree to our use of cookies. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. The firm has offices in Chicago, Miami and San Francisco. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. . At Barracuda, we make the world a safer place. 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. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. Get SaaS backup for your Microsoft 365 data with unlimited storage. With this acquisition, Barracuda is providing distributed businesses a new way to modernize remote access, enforce global security and access policies and achieve seamless connectivity without . Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). For more information, visit www.thomabravo.com. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. 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. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. At Barracuda, we make the world a safer place. On 11February . Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. 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. https://www.businesswire.com/news/home/20220412005856/en/. 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. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Thoma Bravo More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. 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.. This site uses cookies to provide you with a more responsive and personalized service. "We look forward to watching Barracudas continued success.". That deal surfaced in July 2021. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . 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. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. 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. The Company focuses on serving small and medium sized enterprises (SMEs) and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing. 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 KKR's 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
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