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 . [33] 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. 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. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. "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. 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. The firm has offices in Chicago, Miami and San Francisco. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. 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. 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 response (XDR) platform and Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. Jonelle Elam Check out our real-time view of global cyber threats, collected from millions of data points. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . At Barracuda we strive to make the world a safer place. By using this site you agree to our use of cookies. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. Barracuda values partnership. It has also made a series of acquisitions, including buying extended detection and response. Copyright 2013 ChannelBuzz.ca. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. Come Join Our Passionate Team! Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. For more information, visit www.thomabravo.com. Barracuda considers acquisition as its preferred mode of entry into furniture to ensure the immediate market presence in the furniture business and also to emphasize on the business diversification strategy. San Francisco, CA 94105 +1 (415) 263-3660. Learn how to protect your organization from all 13 types of email attacks. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . 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 Email: Investor-Relations@kkr.com. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. NEW YORK & SAN FRANCISCO(BUSINESS WIRE) We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. 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. For more information, visit barracuda.com. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. Explore how Barracuda protects state and local government websites and data. 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. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. 646-436-6126 Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Barracuda. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. Ensure compliance with safe learning regulations. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. One of our values at Barracuda is to succeed together. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. At Barracuda we strive to make the world a safer place. - 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. 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. Botes Exhibidores; Llaveros; Anualidades para Equipos. 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. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. 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. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. Telephone: +1 (877) 610-4910 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.. Campbell, California, United States. 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., 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. 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. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Privacy Policy |Website Terms & Conditions. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. Accept the License Agreement, and click Next. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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 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. Your email address will not be published. The transaction is anticipated to close by the end of the year, subject to customary conditions. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. Teamwork at Barracuda is the key to everything we do and why we succeed. 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. Get security and networking solutions that are deployed natively in Microsoft Azure. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. 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. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . 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. Get protection that goes beyond next-generation firewalls. 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. 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. We are very pleased with the results of our acquisition strategy. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . To get growth, you have to invest.. Mar 2021 - Present2 years 1 month. For additional information, please visitbarracuda.com. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Protect data wherever it resides to minimize downtime and prevent data loss. Check out our security products for Google Cloud Platform. We look forward to watching Barracudas continued success.. 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. Required fields are marked *. 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. Envision yourself at Barracuda The Lead Development Rep (LDR) is primarily responsible for delivering qualified leads to our Territory Management Team. Headquartered in Stockholm, the development and the manufacturing is undertaken in Linkping.Saab produced automobiles from 1947 until 1990 when the automobile division was spun off as Saab Automobile, a joint venture with General Motors. For Thoma Bravo Matthew Gorton Hiltzik Media Strategies +1 212-776-1161 [emailprotected], For Barracuda MC Petermann +1 404-307-6290 [emailprotected], Maria Riley +1 415-217-7722 [emailprotected], Cision Distribution 888-776-0942 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. Twitter. 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. 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. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Supported by our Lead Development team, you will balance receiving . This strategy is based on the belief that employee engagement is a key driver in building stronger companies. About Thoma Bravo, LLC Thoma 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. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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. For more information, visit barracuda.com. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. Automate security policy compliance in the cloud. SKOUT is based in Melville, NY. Get started in minutes. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Its the same company, he said. 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 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 Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. ", "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. Founded in 2003, Barracuda offers a broad suite of cybersecurity solutions across email protection, application security, network security and data protection that can be deployed and managed in both cloud and hybrid environments. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Our channel is supremely important to us. 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. Complete security that stops all 13 email threat types and protects Microsoft 365 data. Magazine Premium created by c.bavota. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. Still, this isn't just about about RMM software and an anti-virus partnership. 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Barracuda Networks, Inc., 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. That compares to $352.6 million back in 2017, according to historic data from Barracuda. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR.
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