Learn how to protect your organization from all 13 types of email attacks. 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. Barracuda expects acquisition by private equity firm KKR will drive Barracuda completes acquisition of SKOUT Cybersecurity We want to do it in a way that will be of advantage to all.. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in 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. We. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. 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. Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo 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. We are all very aligned with the strategy we are heading into now, as opposed to the reset we did when we came in from private ownership.. 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. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. 212-750-8300 For more information, visit www.barracuda.com. 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. 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. 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. ", "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 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. 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. media@kkr.com, For Thoma Bravo: 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. It has also made a series of acquisitions, including buying extended detection and response. Still, this isn't just about about RMM software and an anti-virus partnership. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . mfrank@thomabravo.com Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Your email address will not be published. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. NEW YORK & SAN FRANCISCO - (BUSINESS WIRE)- 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 investment firm. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Enter a Master Password for the Barracuda Network Access Client. Datto to be Acquired by Kaseya for $6.2 Billion, with Funding Led by References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Ensure compliance with safe learning regulations. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Get started in minutes. Barracuda | Description, Size, Diet, & Facts | Britannica "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. 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.. More information about Thoma Bravo can be found atwww.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,. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Email. Outside US: +1 (212) 230-9410 KKR Completes Acquisition of Barracuda from Thoma Bravo For additional information, please visit barracuda.com. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. One change that will take place will be the introduction of KKRs broad-based employee ownership program, which is based on the belief that employee engagement is a key driver in building stronger companies. Click Next. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. Barracuda Networks - Crunchbase Company Profile & Funding For more information, visit barracuda.com. 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. BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Article | Barracuda Networks Now we are out of that transformation and into a growth phase. Barracuda Closes Acquisition of SKOUT Cybersecurity Envision yourself at Barracuda The Lead Development Rep (LDR) is primarily responsible for delivering qualified leads to our Territory Management Team. 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. Barracuda acquires Skout Cybersecurity to enter the XDR market 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. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. At Barracuda we strive to make the world a safer place. One of our values at Barracuda is to succeed together. 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. Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 - Collaborate with . The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. in an all-cash transaction valued at$1.6 billion. At Barracuda we strive to make the world a safer place. 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. Shareholders to Receive $27.55 per Share in Cash. The acquisition expands our MSP security offerings with a powerful XDR platform backed by a 24x7 SOC," said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. 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. ", "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. 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs The firm has offices in Chicago, Miami and San Francisco. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Supported by our Lead Development team, you will balance receiving . Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion barracuda.substack.com. from 8 AM - 9 PM ET. All forward-looking statements speak only as of the date they are made. That compares to $352.6 million back in 2017, according to historic data from Barracuda. 212-731-4778, Nicky Bryan 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. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. For more information, visit www.thomabravo.com. 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. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. 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 management's attention from the Company's 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 Company's 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. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. The proposed transaction is expected to close before Barracudas fiscal year end ofFeb. 28, 2018, and is subject to approval by Barracudas shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. We look forward to watching Barracudas continued success.. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Book excerpt: Revive the muscular good looks and horsepower of your E-body! Complete security that stops all 13 email threat types and protects Microsoft 365 data. https://www.businesswire.com/news/home/20220412005856/en/. Stop API attacks and improve customer experience. This helpful guide contains hundreds of detailed . 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. Saab AB - Wikipedia Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Our channel is supremely important to us. Facebook. 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. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Botes Exhibidores; Llaveros; Anualidades para Equipos. Herzog Technologies, Inc.:Acquisition,Acquisition Analysis & Reports 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. Stop zero-hour and advanced attacks that evade traditional detection techniques. 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. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Come Join Our Passionate Team! Get protection that goes beyond next-generation firewalls. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Megan Frank propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. More information about Thoma Bravo can be found at www.thomabravo.com. Telephone: +1 (877) 610-4910 Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. 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. 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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Get security and networking solutions that are deployed natively in Microsoft Azure. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Financial terms were not disclosed. For more information, visit barracuda.com. Protect your customers and brand from advanced cyber threats. 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. . 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. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. 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. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Accessorios. This isn't ION's first acquisition in the FX realm. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. KKR buys Barracuda Networks from private equity firm Thoma Bravo. Past performance is not necessarily indicative of future results. Campbell, California, United States. Broadway Acquires Barracuda FX, Strengthens Senior FX Team The ION/MarketFactory Merger, Implications for FX Market - Greenwich To get growth, you have to invest.. 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. There has been an evolution in these PE [private equity] partners, and which is the best fit for a company comes down to where the company is in their lifecycle, 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. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. 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.
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