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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. 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. 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. Shareholders to Receive $27.55 per Share in Cash. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Thoma Bravo Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Megan Frank We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. 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. 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. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. Come Join Our Passionate Team! Barracuda has exchanged one private equity owner for another. 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. 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 . Click Next to continue. The Barracuda acquisition may not have been threatening to ION per se, but it might have alerted them to the utility of acquisitions in the sector, and in particular in the connectivity and integration section of the market. 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 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* Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. 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. To the extent the Companys directors and executive officers holdings of the Companys securities have changed since the amounts printed in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Click Next. 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. 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 . This helpful guide contains hundreds of detailed . Email. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. 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. Get protection that goes beyond next-generation firewalls. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Scan your Microsoft 365 for sensitive data and malware. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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. We look forward to watching Barracudas continued success.. Talent Acquisition Manager, MENA. Browse our security and network solutions designed specifically for AWS. Get started in minutes. Getting started is easy. Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. Telephone: +1 (877) 610-4910 When typing in this field, a list of search results will appear and be automatically updated as you type. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. Get WAF protection in minutes with our application security service. 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. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. Get SaaS backup for your Microsoft 365 data with unlimited storage. 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. mfrank@thomabravo.com Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Save my name, email, and website in this browser for the next time I comment. At Barracuda we strive to make the world a safer place. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Twitter. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. For more information, visit barracuda.com. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Nicky.bryan@fgh.com, Craig Larson Complete security that stops all 13 email threat types and protects Microsoft 365 data. Past performance is not necessarily indicative of future results. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. At Barracuda we strive to make the world a safer place. 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. Privacy Policy |Website Terms & Conditions. 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. For more information, visit www.barracuda.com. "We look forward to watching Barracudas continued success.". 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. Protect data wherever it resides to minimize downtime and prevent data loss. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. The company's filing status is listed as Active and its File Number is 6150972. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. KKR buys Barracuda Networks from private equity firm Thoma Bravo. 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. from 8 AM - 9 PM ET. 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. In cybersecurity, you cannot sit on your laurels. Protect your business and users from ransomware attacks in three easy steps. Barracuda's expertise includes security operations centers (SOCs) for MSPs. ", "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 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. 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 generates more than $500 million in annual revenue, the buyer indicated. Get started in minutes. Learn how to protect your organization from all 13 types of email attacks. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. More information about Thoma Bravo can be found at www.thomabravo.com. 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. 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. Swift and powerful, they are slender in form, with small scales, two well-separated dorsal fins, a jutting lower jaw, and a large mouth with many large, sharp teeth. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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 This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. One of our values at Barracuda is to succeed together. This book was released on 1997 with total page 268 pages. The firm has offices in Chicago, Miami and San Francisco. 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. Observed Seth Boro, a managing 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. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. 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. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. We look forward to watching Barracudas continued success.. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. barracuda.substack.com. It has also made a series of acquisitions, including buying extended detection and response. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. Accept the License Agreement, and click Next. in an all-cash transaction valued at$1.6 billion. No credit card is required. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. All Rights Reserved. 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. Available in PDF, EPUB and Kindle. 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. "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. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. This isn't ION's first acquisition in the FX realm. Barracuda anticipates that subsequent events and developments will cause its views to change. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. Deploy simple and scalable security with no software or hardware to install. ", "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. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. 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. 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 The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. To get growth, you have to invest.. All contents 2023 MSSP Alert and After Nines Inc. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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. 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. ", "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. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Concluded Chip Virnig, a partner at Thoma Bravo: 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. At Barracuda, we make the world a safer place. 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. 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. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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 protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. For more information, visit www.thomabravo.com. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina.
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